Paris Hilton and Katy Perry Identified as Bitcoin Buy and Sell Signals
This week marks the anniversary of notable Bitcoin mentions by Paris Hilton and Neil deGrasse Tyson.
- On April Fool's Day 2021, Hilton expressed excitement about Bitcoin in a CNBC interview, shortly after its price exceeded $60,000.
- A year later, Tyson engaged with Bitcoin enthusiasts, questioning the cryptocurrency's resilience amid market volatility.
- These instances signify the decline of Bitcoin's celebrity era, which began in late 2013 with Snoop Dogg's interest in accepting Bitcoin for music sales.
- Other celebrities like Mel B and 50 Cent also experimented with Bitcoin around the same time.
- The recent alignment of Bitcoin with mainstream financial discussions indicates a shift towards its acceptance as legitimate money.
- The future may involve renewed experimentation with Bitcoin in culture, moving beyond celebrity endorsements.
Rizzo’s take highlights the influence of celebrities on Bitcoin prices, suggesting:
- When Paris Hilton is bullish, it may indicate a buying opportunity.
- When Katy Perry shows interest, it could signal a sell point.