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.
- Content Editor ( blockworks.co )
- 2024-11-22
Bitcoin goes up when CZ tweets “gm”: A theory