- Investing Guide
- Bitcoin vs.
- How to Buy ‘BTC’
- Bitcoin Whitepaper
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Table Of Contents
Bitcoin has come a long way since 2009, the year it was introduced to the world. The world's largest cryptocurrency even surprised the harshest of critics by achieving a trillion-dollar market capitalization during the 2021 bull market.
That's not all. At the height of the bull run of 2021, Bitcoin even found its place in the balance sheets of large corporations like Tesla and Block (formerly Square), testimony to its surging adoption.
Despite being impressed with its growth, critics continue to ridicule and belittle Bitcoin, calling its valuation absurd, and even going as far as labeling it a ponzi scheme. However, Bitcoin has continued to gain traction and recognition beyond the fringe retail mania that surrounded it in its early days. Many have even called Bitcoin the one-of-its-kind, saying it is far different from the 20,000+ cryptocurrencies in circulation. Such impressive developments have enabled Bitcoin to gain unprecedented popularity among the masses, which makes it obvious that there’s no stopping the Bitcoin revolution.
Day after day, month after month, a record number of users are joining the Bitcoin community. It has led to a very peculiar problem, which is the difficulty to stay up-to-date with all that is happening in the Bitcoin space. On top of that, crypto’s fast-paced industry is adding further to this development. Not to mention all the scammers coming in hordes. And truth be told, as more and more people adopt Bitcoin, scammers will grow even more inevitable. As such, they will try to take advantage of people who are new to the Bitcoin market and don't know how to protect themselves.
That’s where it becomes even more important to follow the right people on social media. It can also be helpful to follow industry leaders and influencers to get insights into the latest trends.
Twitter is a great way to stay updated on Bitcoin. It is actually the most popular social media platform in the cryptocurrency world.
There are a lot of great Twitter handles out there for the BTC enthusiast. Here are five of the best:
Quite naturally, a Twitter account documenting everything happening in and around Bitcoin would be incredibly valuable for anyone interested in the currency. After all, such an account would provide real-time updates on Bitcoin news, price movements, and relevant information about the digital currency.
What if we tell you there’s a Twitter account that does exactly that? Welcome to Documenting Bitcoin, an excellent resource for those interested in following the development of cryptocurrency.
The account provides regular updates on the progress of the Bitcoin network, as well as news and commentary on the industry to its more than 869.6k followers.
This way, it is not only beneficial for beginners but also for experienced BTC enthusiasts. By documenting all that is going on with BTC, this account helps newbies learn about cryptocurrency and its various uses while also providing valuable insights for more experienced users.
Having it on your list of followed accounts will ensure you never miss any significant developments and can gain a comprehensive view of what's happening in the Bitcoin market.
Michael Saylor is the Founder, CEO, and Chairman of the Board of Directors of MicroStrategy, a publicly traded business intelligence company headquartered in Tysons, Virginia. He is also a staunch supporter of Bitcoin, but it didn’t start that way.
In 2013, Saylor actually warned the world about Bitcoin, tweeting that its “…days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.”
But that was about a decade ago, and today he’s all about Bitcoin and only tweets about the dominant cryptocurrency, which has garnered him a whopping 2.9 million followers on Twitter.
This change of heart occurred in September 2020, when he first announced that MicroStrategy had invested $250 million in Bitcoin. And since then, the company has been gradually adding to its BTC stash, which now stands at approximately 132,500 Bitcoin with a total cost of just over $4 billion.
With this move, MicroStrategy became the first public company to turn Bitcoin into an investment option for its shareholders and influenced others to go the same route.
Saylor has said that he believes Bitcoin is the most important invention since the internet. He has predicted that digital currency will eventually replace gold as the world's reserve currency.
He has also compared Bitcoin to a “swarm of intelligent bees” that is “working together to create the most valuable commodity in the world.”
Unlike Andreas Antonopoulos, an educator, and Michael Saylor, a Bitcoin promoter, PlanB is all about price. A well-known figure in the Bitcoin community, PlanB provides technical analysis and charts. He's a pseudonymous trader and Bitcoin influencer who tweets about his models and research.
PlanB is particularly famed for his “Stock-to-Flow” model, which is used to quantify scarcity. The model is defined as a relationship between the production of an asset and its current stock available. As per this model, with 2020 halving, Bitcoin’s S2F ratio doubled to 50, reaching closer to gold’s 62, which is the highest S2F.
Based on the model, PlanB predicted the price of Bitcoin will surge above $100k before December 2021. In 2020, he launched a new S2F Cross Asset (S2FX) Model, which calculated Bitcoin’s S2F at 56 in 2020-2024 and predicted the price at $288,000.
But these predictions didn’t materialize as BTC topped this past pull run at $69,000. Despite this, he remains one of the most followed figures in the space, having amassed 1.8 million followers on Twitter. Today, he continues to share his views on the Bitcoin market and price movement.
4. Peter Schiff
Peter Schiff is a well-known anti-Bitcoin figure. He believes that Bitcoin is a bubble and is not backed by anything of value. He has been critical of Bitcoin for years.
Interestingly, his son Spencer Schiff is a known Bitcoiner. Back in 2021, while commenting on his son’s portfolio, which is 100% in BTC, Peter Schiff told his 917.2k followers on Twitter, “If my own son is this brainwashed imagine how vulnerable most kids are. He's HODLing to infinity or bust.”
Schiff is not alone in his criticism of Bitcoin. Many other well-known figures, such as Warren Buffett, have also spoken out against Bitcoin. The views of Schiff and other Bitcoin criticizers remain that people are only buying the crypto asset because they expect other people to buy it and that it is the ultimate example of a greater fool theory Ponzi scheme.
According to Schiff, sooner or later, the Bitcoin bubble will burst, and those holding it will lose a lot of money. But he has been saying this for many years now, and Bitcoin is standing strong still.
So, why should you follow Schiff? While there are certainly many people who are bullish on Bitcoin, it's important to understand the perspective of the anti-BTC people as well. Understanding what the other side thinks and how it works can help one understand Bitcoin even better.
5. Marty Bent
Marty Bent is the pen name of Marcus Bent. With close to 170k followers on his Twitter handle, Marty is one of the most-heard voices in the Bitcoin space. He is the founder of TFTC.io, where he publishes daily newsletters highlighting signals in Bitcoin.
The newsletters, by the name Marty’s Bent, have more than 1,300 issues so far. In these newsletters, Marty has opened up insightfully on diverse bitcoin-related topics, including how Bitcoiners are changing the way we interact with applications, why he believes the CBDC will be significantly more inconvenient than Bitcoin, and more.
Marty is also one of the directors of cathedra Bitcoin, a company that develops and operates global-standard bitcoin mining infrastructure. Marty is also a venture partner at Ten31, a firm that makes early-stage investments in the Bitcoin ecosystem.
A thought leader and early mover in the Bitcoin space, Marty’s works have helped millions to know about Bitcoin’s potential. Marty has been active on Twitter for more than a decade now, and his opinions hold great value to enthusiasts and market participants alike.
Gaurav started trading cryptocurrencies in 2017 and has fallen in love with the crypto space ever since. His interest in everything crypto turned him into a writer specializing in cryptocurrencies and blockchain. Soon he found himself working with crypto companies and media outlets. He is also a big-time Batman fan.