Business 1 year ago

Jasmine Solana

Going mainstream? Bitcoin makes it to John Cena’s Instagram

There’s no denying that Bitcoin and cryptocurrencies in general are steadily gaining the interest of people from all walks of life, so much so that even “You can’t see me” wrestler John Cena has seen it.

On Thursday morning, the professional wrestler, reality star and entertainer posted a stock image of Bitcoin to his 7 million Instagram followers, gaining 50,611 likes at press time with no further input from Cena himself. Although that’s to be expected, after all, the WWE wrestler’s bio stated that the images on his social network account “will be posted without explanation, for your interpretation. Enjoy.”

And enjoy they did.

This is the first time that Cena has showed an interest—at least on social media—in Bitcoin, but that attention is already enough to spark a discussion, particularly that of a possible short-term bubble. On Reddit, user LiThiuMElectro commented on the possibility of a “small bubble then a loss,” advising other users to “buckle your seat belts… and buy the dip in 7 days.”

For user h0us, the bubble may cause Bitcoin’s price to jump to $7,000 before collapsing to $5,500—still way above the current price level of $4,700. So his advice is to “buy now” as “the price now is lower than the dip.”

“The best time to buy Bitcoin was a few years ago, the second best time is always now,” the poster recommended.

Cena joins the long line of celebrities that have jumped aboard cryptocurrencies. Boxing champion Floyd Mayweather was recently reported promoting blockchain prediction platform Stox on his Instagram account, and even Mark Cuban, who previously said Bitcoin was in a bubble, announced he is participating in an ICO for esports betting operator Unikrn. There’s also Mike Tyson, who teamed up with Bitcoin Direct and launched the Mike Tyson Digital Wallet.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Satoshi Vision (BSV) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BSV is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

COMMENT

Bitcoin

Thanks for the sensible critique. Me and my neighbor were just preparing to do a little research on this. We got a grab a book from our area library but I think I learned more from this post. I am very glad to see such fantastic information being shared freely out there.

Your comment is awaiting moderation.

Add a Comment

lastest news

Blockchain startup raises $24M for digital rights management

Business 11 hours ago

Blockchain startup raises $24M for digital rights management

Bluecoat, a blockchain company specializing in digital rights and royalties distribution, has already raised $24.25 million in funding, with notable personalities in the music industry assisting with the funding. In its press release, the company ...

Read More
Bitmain shuts down Israel office, leaving all 23 employees jobless

Business 12 hours ago

Bitmain shuts down Israel office, leaving all 23 employees jobless

After nearly three years of activity, Chinese crypto mining giant Bitmain is reportedly ceasing its Israeli operations this week. Citing sources familiar with the matter, Israeli news outlet Globes reported on Monday that Bitmain’s development ...

Read More
Warning: Scam site mimicking SVPool.com

Business 16 hours ago

Warning: Scam site mimicking SVPool.com

We're sending a warning to people in and out of the crypto industry. There is a website trying to cheat unsuspecting users looking to visit SVPool.com.  The individual or group is utilizing a common tactic ...

Read More