In 2021, cryptocurrency peaked at an all-time high where popular digital assets like Bitcoin, Litecoin, Ethereum, and even the internet meme Dogecoin broke all expectations and tripled their value. While riding on this high, crypto analysts expected some fluctuations to these digital assets this 2022 – and you might not believe one of the factors influencing these fluctuations. It’s influencers. Yes, celebrities, tech titans, industry leaders, and artists have as much impact on cryptocurrency as the stock market! These influencers impact the crypto market through their social media influencing prowess to promote them. Following these influencers can prove to be useful for investors as well. Find out who you should be following in your Instagram account if you want the inside scoop and double your money using cryptocurrency.
Samuel Bankman-Fried, or SBF for short, maybe the next Mark Zuckerberg. He founded the uber-successful FTX in 2019. FTX is a cryptocurrency and derivative exchange which has quickly boomed into the sixth-largest (in terms of volume) and is now valued at $3.5 billion. Did you know that FTX is also one of the pioneers of the collaboration between crypto and sports? Miami Heat has signed a deal with FTX, and now, the team’s stadium is called the FTX stadium. FTX also became MLB’s official cryptocurrency exchange, which gives them the edge and penetrates mainstream media more. Currently, SBF is the richest crypto billionaire with a net worth of $22.5 billion.
Michael Saylor is the founder and the current CEO of MicroStrategy, enterprise analytics and mobility software that invested a whopping $425 million in cryptocurrency instead of gold, bonds, and stocks. This makes him almost an icon in the cryptocurrency world. It was under Michael’s leadership that promoted MicroStrategy to invest in Bitcoin. Currently, the company has over 120,000 worth of Bitcoin valued at $5.8 Billion. This makes MicroStrategy the company with the biggest Bitcoin portfolio.
Who knew that politics and crypto could merge? Well, Nayib Bukele proves that he can champion both. Under his presidency, El Salvador legalized Bitcoin as a legal tender. With this Bold move, El Salvador is slowly becoming the Bitcoin capital of the world! The country invested millions in Bitcoin and increased its holdings whenever possible. In addition, Nayib is also planning to build a Bitcoin City near the oceanside at a volcano base and is also starting to build twenty Bitcoin schools and a mining facility.
Jack Dorsey is the first man who sent out a tweet. He was also a co-founder and the previous CEO of the social media giant. If you are curious, the first-ever tweet said: “just setting up my twttr.” This first tweet was sold for over $2.9 million ETH in March 2021, and Jack, later on, converted this to BTC. Jack is widely known to be Silicon Valley’s leading Bitcoin Leader, and he has a strong following in the tech world. After he resigned from Twitter, Jack invested his time and skills in Square (which is now known as Block), which he also co-founded.