It is no wonder that as Bitcoin continues to rip higher and higher, more and more people are name dropping the leading digital currency. Currently trending on Twitter with 167,000 tweets.
The latest is Maisie Williams, known for her role of Arya Stark in the popular Game of Thrones series.
On Monday, she asked her 2.7 million followers on Twitter, whether she should “go long on Bitcoin.”
should i go long on bitcoin ?
— Maisie Williams (@Maisie_Williams) November 16, 2020
This got the crypto community started with memes and encouraging her to go in Bitcoin. Even Tesla CEO Elon Musk, who is also a Bitcoin proponent, joined in with his “Toss a bitcoin to ur Witcher.”
With a few hours still left in the voting, out of the current 889,833 votes, the majority, 53.6%, voted against going long on BTC.
Going long on an investment means purchasing with the expectation that it will go up in the future, while shorting is expecting it to decline in value.
This has been while the leading digital asset is up about 22% in November and 56% in the fourth quarter of 2020.
Just today, we hit just shy of $17,800, a level last seen on Jan. 7, 2018. But market participants still believe we are way short of the bubble levels, which saw BTC hitting the all-time high of $20,000 in 2017.
— Charlie Morris (@AtlasPulse) November 17, 2020
“While reversals are entirely possible, the best assets trade like this. Overboughtness can be cyclical and reversible, but it can also be sustained for long periods, especially for high growth assets,” noted Charlie Morris of ByteTree.
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