On July 24, Runefelt revealed on his The Moon Show podcast that he sold two Ferraris worth a total of $2.5 million to buy Bitcoin. The crypto influencer said the leading cryptocurrency is entering the "most reliable" signal in the cycle. Pointing to Bitcoin's 200-week moving average (MA), he said the current dip offers an opportunity to accumulate more Bitcoin. He gave several previous instances when Bitcoin traded around the 200-week MA before its price surged significantly. For instance, Bitcoin fell below $4,000 during the coronavirus pandemic panic selling in March 2020, but it reached $64,860 more than a year ... (full story)