This Revolution Doesn't Need Celebrities
Plus... which state loves crypto the most?
We’ve been talking a lot about shakeouts lately.
As we all know, crypto in the middle of a big one, right along with other major investment classes. And with it all comes critique that seems to grow louder each week.
Much of that is warranted.
But some of it comes from a fundamental misunderstanding of what’s at the core of this tech—especially when it comes to Bitcoin. For example, many people seem to think celebrities “make or break” this asset class. Check out this tweet a few weeks ago from Stephanie Ruhle about the recent declines and the famous people who are noted investors in crypto :
So—is she right? Does their lack of response “say a lot”?
In my opinion, no.
Not about the underlying tech, at least. In fact, an emphasis on the involvement of influencers, Hollywood types, celebs, and more is a fundamental misread of what crypto is at it’s core.
Remember, Bitcoin came about during the darkest days of the Great Recession, and fundamentally is a revolt against legacy finance and modern banking. Bitcoin doesn’t need a movie star in an LA mansion to survive, it thrived without that influence. Even if every celeb stopped investing, it would still be there, plugging away, mining block after block.
That’s not to say that other NFT projects and coins don’t benefit from high-profile people being involved, but even if that all went away, the basic idea stays the same.
And that’s something to remember.
Plus…
Which state loves crypto the most?
A new study has revealed that California is more interested in cryptocurrency than any other state in America.
The research, conducted by trading experts Safe Trade Binary Options, analyzed Google Trends data over the past 12 months for six different search terms related to cryptocurrency and compared this across every state in America. An average score out of 100 was then used to establish the states most interested in cryptocurrency.
California is the state most interested in cryptocurrency, with an overall score of 90 out of 100 across all search terms. The Golden State also scored 100 for the search term ‘cryptocurrency’ - the highest in America.
New Jersey is in second place with a score of 89 – 44% greater than the average score of 62 across America. New Jersey also landed top spot for the search term ‘Ethereum’ with a score of 100.
As well as topping the searches for ‘Bitcoin’ and ‘Shiba Inu Coin’, Nevada is the third most interested in cryptocurrency, with an overall score of 87.
With a score of 85, Washington is in fourth place, followed by Florida in fifth place scoring 84. Washington ranks third for ‘Ethereum’ searches and has seen more than a 1000% rise in searches for ‘invest in crypto’ over the past five years. Meanwhile, Florida saw an increase of 591% for ‘invest in crypto’ searches over the same period and came in second place for ‘cryptocurrency’ searches.
In sixth place is Hawaii, with a score of 81. Hawaii is also the top state in America searching for ‘invest in crypto’, with a score of 100.
Pretty interesting, huh?
The Crypto Connection is for entertainment purposes only and is not meant to be financial advice. Please do your own research before investing in any asset class. Sara Celi is not a financial advisor, and holds several cryptocurrencies. To purchase her books on Amazon, please click here.