This week we look at the top five most influential people in the crypto market and how they influenced the news over the last several days.
The past week has been a rollercoaster of a ride for the cryptocurrency markets. Bitcoin has reached a new all-time high. Ethereum has also reached an all-time high. Dogecoin has come back from the grave to rally back into the top 10 while the overall market capitalization of the crypto industry continues to grow.
There is no doubt that a full blown bull market is underway. The majority of cryptocurrencies have seen massive gains over the past week.
So let’s dive into the top five influencers that played a role in the market this past week.
Starting off the list in first place is none other than Dogecoin maximalist himself, Elon Musk. The Tesla founder has made headlines over the past week for his constant tweets related to Dogecoin.
Musk let out a tirade of tweets backing the meme coin recently. The World’s richest man was said to be behind the recent price surge in Dogecoin. Dogecoin has climbed over 800% and even rallied into the top 10 coins following a surge of retail investors. The backing of Dogecoin by Musk led to a massive influx of investors buying into the project.
Musk recently even tweeted that he had purchased Dogecoin for his son.
Not only has Musk been involved with Dogecoin this past week, but the major news coming out of Tesla was the announcement of a $1.5 billion purchase of Bitcoin. The announcement came as a surprise to many, who only considered Musk a Doge maximalist.
Following the $1.5 billion Bitcoin purchase announcement, Bitcoin broke a new all-time high and continues to push towards $50,000 this week.
Musk has catapulted his crypto influencer status to new heights following a week filled with Bitcoin announcements and Dogecoin memeing. Musk therefore tops the list as the top crypto influencer of the week.
Perhaps not previously well known within the cryptocurrency space, Gene Simmons made news this week after admitting that he was involved in cryptocurrencies.
Simmons has been actively posting about his new love affair with cryptocurrencies. The 71-year-old rockstar is better known for his vocals for legendary rock group KISS. Simmons previously announced that he was an active holder of XRP. However it appears the singer has moved with what’s hot and trending. Simmons recently made it clear that he had also purchased Dogecoin, following the impressive rally recently.
Simmons has also previously expressed his distrust in the US dollar. This has ultimately led the rockstar to look for alternatives in Bitcoin and cryptocurrencies in general.
Simmons has gone as far as to call himself the ‘God of Dogecoin’.
The singer has been extremely outgoing in his thoughts towards the cryptocurrency markets. The rockstar can now be added to a slew of celebrities who are actively participating in the crypto markets.
Simmons recently purchased seven figures worth of Bitcoin, but still expects it to go even higher after breaking its recent all-time high.
American billionaire entrepreneur Mark Cuban is no amateur when it comes to the cryptocurrency industry. Cuban has been around and very vocal about his thoughts on cryptocurrencies for several years already. The Dallas Mavericks owner had previously commented on Bitcoin, comparing it to gold.
Although the billionaire’s thoughts on cryptocurrencies have not always been positive, Cuban posted a video less than a year ago about how he thought cryptocurrencies were difficult to comprehend for 99% of the population. He went on to say he would rather have bananas, because he could at least eat them.
The irony is that one year later, Cuban is back in the crypto fray. Cuban has gone as far as to offer the Dallas Mavericks basketball team merchandise for sale, with Bitcoin being the choice of payment method. Cuban has always had a strong understanding of blockchain technology and believes it has a place in the future. However when it comes directly to cryptocurrencies, he was not always as confident in their ability to last.
Fast Forward to 2021, and Cuban has publicly stated that he holds DeFi project AAVE in his DeFi portfolio.
The Shark Tank star has previously mentioned that he holds AAVE, SUSHI, ETH, BTC and LTC in his portfolio. The latest revelation appears to show that Cuban has warmed to cryptocurrencies. The billionaire becomes the second in a matter of weeks who can be considered a Bitcoin maximalist, following Elon Musk.
Cuban also recently released his own personal set of Non-Fungible Tokens (NFTs). The NFT artwork features a GIF of Cuban showing off his dance moves. The NFT titled ‘The Rollup 2021’ is not yet for sale, but the highest bid is currently sitting at 7.3 WETH, equivalent to $12.6k.
Perhaps one of the biggest proponents for Bitcoin, is Michael Saylor. The co-founder of MicroStrategy has been actively purchasing Bitcoin in droves over the past couple of months.
Saylor might not be as well known as Musk or Cuban, but the crypto investor has amassed over $1 billion in Bitcoin through MicroStrategy. Saylor has previously spoken out about his personal holdings in Bitcoin. The businessman stated that he held over 17,730 BTC.
Saylor has been a huge Bitcoin maximalist. Most recently he launched the ‘Bitcoin for Corporations’. The event held over Feb 3. and 4. educates companies on how to buy Bitcoin and the benefits of using the digital asset.
Ironically, Saylor had previously tweeted to Elon Musk about assisting the Tesla founder on purchasing large sums of Bitcoin.
It is obviously imperative to have Saylor on this week’s top 5 people making waves in the market following the Tesla-Bitcoin purchase, as well as the successful hosting of the 2021 Bitcoin conference. The event hosted over 8,000 attendees with over 6,900 different enterprises.
Saylor has proven that his ability to speak to an audience about Bitcoin is unrivaled. While it cannot be confirmed, it seems as though Saylor may have been the person who assisted Musk in his quest to purchase $1.5 billion in Bitcoin recently.
Twitter can be considered one of the top social media platforms for cryptocurrency maximalists to congregate. And Twitter CEO Jack Dorsey has no problem with that. The long time supporter of Bitcoin has seen celebrities such as Elon Musk among others actively voice their opinions on the social networking site.
Ethereum founder Vitalik Buterin as well as Elon Musk have both previously backed Dorsey following a potential takeover of the company. Dorsey has been a long-term advocate for Bitcoin and represents a vital influencer in the free speech and adoption of cryptocurrencies.
Dorsey has added small perks to Twitter such as the Bitcoin logo. However he has also most recently started running his own Bitcoin node as seen in a recent tweet.
This week’s top five people making waves in the market represent a diversified group of investors, forward thinkers and entrepreneurs who strongly believe in the future of Bitcoin.
The input from these influencers is likely one of the key aspects to the success of the market and the overall adoption of crypto in recent weeks.