CandleFocus Bitcoin goes up when CZ tweets “gm”: A theory
2024-11-22
Author: Content Editor
The article discusses the correlation between the price of Bitcoin and the tweets of Binance co-founder Changpeng Zhao saying "gm" (good morning). The author observes that every time Zhao has tweeted "gm," the price of Bitcoin has experienced a significant increase within days. Since Zhao's release from prison in September, Bitcoin has rallied 82%. The article also notes that buying $1,000 worth of Bitcoin alongside Zhao's "gm" tweets would have yielded a profit of 186%. While the correlation does not imply causation, the author suggests that the superstition around Zhao's tweets can't hurt.
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