Your favorite crypto news blog

Youtuber Casey Neistat Just Revealed He’s Up 1,000% on Ethereum

Altcoins 2020/11/06 04:00 by Nick Chong

Bitcoin and Ethereum have both exploded higher in the past 24 hours. The price of BTC is up 8% in the past 24 hours as buyers rush in.

This rally has unsurprisingly caught the attention of those not conventionally “in this space.” For one, the hashtag for Bitcoin was trending on Twitter in Canada and the U.K., and potentially in the U.S.

Casey Neistat, a prominent Youtuber and entrepreneur based in Los Angeles, expressed his excitement for both Bitcoin and Ethereum. While he did not disclose at which price he bought BTC, he did disclose at which price he bought Ethereum.

ETH has underperformed Bitcoin over recent days as the market centers its focus on the original crypto-asset.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Casey Is Up 1,000% On Ethereum

According to a tweet from Casey Neistat published on November 5th, he was “buying ETH at $40 back in 2017” and still holds the coins he bought. Assuming this is true, that means that the prominent Youtuber is up around 1,000% on his investment.

He did not disclose how much money he put into Ethereum. He also did not disclose how much money he put into Bitcoin.

Neistat’s comment regarding ETH came shortly after he tweeted “BTC!,” expressing his support for the ongoing rally.

This is not the first time that Neistat has mentioned cryptocurrency, whether that’s Bitcoin or Ethereum. He tweeted out the “BEST BITCOIN EXPLAINER EVER” to his Twitter feed in December 2017, just prior to the blow-off top that shook the industry and Wall Street.

He also asked if Elon Musk would accept Bitcoin for the upcoming Tesla Roadster. Musk, of course, has taken an interest in the leading cryptocurrency and Ethereum, being someone in tune with Silicon Valley and technological trends. Unfortunately for Neistat, Musk never responded to his offer about using Bitcoin for the Roadster

Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin

Institutional Adoption Taking Place

Neistat talking about Etheruem comes amid a bout of institutional accumulation of the cryptocurrency.

For one, Australia’s central bank, the Reserve Bank of Australia, recently announced that it will be adopting a platform based on Ethereum for its central bank digital currency tests.

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Shutterstock
Price tags: ethusd, ethbtc
Charts from TradingView.com
Youtuber Casey Neistat Just Revealed He's Up 1,000% on Ethereum

0 Like(s)

You should also read...

Altcoins 24/11/19 22:30 by Cole Petersen
Ethereum is Attempting to Form Long-Term Bottom Against BTC, Claims Analyst
Bitcoin’s recent turbulence has spilled over into the aggregated crypto markets, leading most major cryptocurrencies to form a close correlation with its price action – which has proven to be high...
Read More
Altcoins 03/07/20 05:00 by Nick Chong
Tesla CEO Elon Musk Says He Isn’t “For or Against” Ethereum
Every few months, Tesla’s chief executive Elon Musk comments on Bitcoin, Ethereum, or another cryptocurrency. In May, he commented on Bitcoin to J.K. Rowling, the author of the Harry Potter seri...
Read More
Altcoins 04/07/20 03:04 by Nick Chong
Crypto Tidbits: Bitcoin Stalls at $9k, Cardano Shelley, Elon Musk & Ethereum
Another week, another round of Crypto Tidbits. It’s been another boring week for the Bitcoin market. For all of the past seven days, the leading cryptocurrency has traded within 3% of $9,100, t...
Read More
Crypto 22/05/21 19:43 by Brenda Ngari
Why Vitalik Buterin Says Crypto Will Eventually Be Immune To Elon Musk’s Market-Moving Tweets
One of the primary Achilles heels of crypto is its notorious volatility. This has discouraged many institutional and retail investors who are used to calmer moves in the traditional markets. Unfortun...
Read More
Altcoins 09/07/21 21:58 by Brenda Ngari
The Real Reason Elon Musk Feels Dogecoin’s Major Update Will Make DOGE Far Superior To Bitcoin, Ethereum
Controversial Tesla/SpaceX CEO Elon Musk has once again made a compelling argument for his favorite meme-themed pet project, Dogecoin.  Musk, the self-proclaimed Dogefather, today reacted to a tw...
Read More