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Bitcoin rally grabs the attention of Wall Street and Hollywood

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As Bitcoin nears record highs last reached in December 2017, it turns out that Wall Street isn’t the only group interested in the cryptocurrency that Hollywood now wants.

DOJ ENTRY OF BITCOIN VALUES OF OVER $ 1B RELATED TO THE SILK ROAD

“Game of Thrones” star Maisie Williams sparked a discussion earlier this week after posting a poll on Twitter asking her 2.7 million subscribers if she should “take a long bitcoin position,” a gamble bullish on the asset class.

Billionaire bitcoin investor and CEO of Galaxy Digital Mike Novogratz immediately jumped in, telling the actress he bought more digital currency when it was priced at $ 15,800 earlier this week. Novogratz said he expects the price to exceed $ 20,000 and then $ 65,000 due to a “network effect” takeover.

“I see tons of new buyers and the supply is very limited,” he added. “It’s easier trade here than at 11k. So YES, buy it.”

Meanwhile, Bitcoin podcast host Stephan Livera advised Williams to “start small and learn more as you go.”

“Happy to help if you have any questions and want to avoid space scams,” he added.

Additionally, Barry Silbert, CEO of Digital Currency Group, recommended that Williams try investing in the cryptocurrency he owns, Grayscale.

The poll also caught the attention of Tesla CEO Elon Musk, who was one of several high profile victims of a cryptocurrency scam on Twitter over the summer.

Musk jokingly replied “Throw a bitcoin at your witcher,” referring to the popular Netflix series of which Williams is not a cast member. She quickly hit back “How’s the blue origin going?”, Referring to the aerospace company owned by Jeff Bezos and competitor SpaceX.

Additionally, Musk shared an article on Onion titled “Bitcoin Plunge Reveals Possible Vulnerabilities In Crazy Imaginary Internet Money”.

PAYPAL TO DEPLOY A NEW SERVICE ALLOWING CUSTOMERS TO BUY, SELL AND HOLD CRYPTOCURRENCES

In the end, Williams made the decision on Tuesday to buy more bitcoin.

“Thanks for the advice,” she wrote. “I bought some anyway.”

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While bitcoin and other cryptocurrencies have gained acceptance among the general public, some investors are still concerned that winter is coming.

Billionaire hedge fund manager Ray Dalio said he still had many concerns about bitcoin, although he acknowledged that it “could be missing something.”

In a lengthy Twitter thread, Dalio argued that bitcoin is “too volatile for most traders to use” and that it “has little correlation with the prices of what I need. buying, therefore owning it does not protect my purchasing power. “

He added that he “cannot imagine central banks, large institutional investors, corporations or multinational corporations using it,” noting that although bitcoin is successful enough and threatens other currencies enough, governments will simply outlaw it and make it too dangerous to use. .

Harvard economics professor Ken Rogoff also expressed his doubts to FOX Business’s Maria Bartiromo last week, calling himself a “bitcoin skeptic.”

“I think it will have a role to play on the periphery of our financial ecosystem, but I’m surprised at how well done,” he said, citing the currency having crossed the 16 threshold. 000 dollars on November 12.

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