Here’s What John Lennon’s Son Thinks About Bitcoin

0 6

Many people now see crypto, especially bitcoin, as an option to protect investors’ money during times of uncertainties in the traditional banking system. The recent banking crisis in the United States has made investors aware of the flaws in the current banking system. As such, the narrative about crypto is shifting from unreliability to a viable alternative.

This belief came to play in a recent Twitter post by Stacey Herbert, where the Bitcoiner shared two pictures of two presidents (old and young) to represent USD and Bitcoin. While responding to the post, John Lennon’s son, Sean Lennon, stated, “only Bitcoin can save us now.”

Sean Lennon Sees BTC As The Savior in Current Crisis 

In Herbert’s post, the older man representing USD was US President Biden, while the younger man representing Bitcoin was El Salvador’s president Bukele. The images depict an old and new system.

Stacy Herbert further referred to USD as the “poor old dollar.” In response to Herbert’s tweet, Lennon stated that Bitcoin is now the savior for everyone, meaning that it is now a viable option in the face of the aging dollars. 

Sean Lennon is the son of the Beatles’ Legend John Lennon. He has always been a crypto enthusiast and supports bitcoin. In an April 26, 2022 post, Sean stated that bitcoin will either win big now or do so later. 

The American singer has always been optimistic that Bitcoin will reach higher levels, which informed his stance to call it the savior. 

Bitcoin Price Trend Amid Traditional Finance Crisis

BTC price trends since the banking crisis have been impressive. The Silvergate crisis hit the crypto market badly, pushing asset prices down. The announcement emerged on March 8, causing a dip in BTC prices from $22,216 to $21,718. 

The next day, the BTC price fell further by $1,357, pushing the coin to $20,363. It fluctuated within that price range till March 10, when it recorded an intraday low of $19,628 before starting another price fluctuation. The dip on March 10 could be associated with the crash of Silicon Valley bank. 

But, on March 12, Bitcoin surged to $22,163.95. This change could be linked to the Federal Reserve’s announcement to support shuttered bank depositors’ funds. Even though Signature Bank failed on the same date, it didn’t push the BTC price down. 

From March 12, BTC price started an uptrend, hitting $26,514 on March 14, $27,787 on March 17, and $28,038 on March 19. It has continued to trade between $25,000 and $28,000 since March 16 till date.

Here’s What John Lennon’s Son Says About Bitcoin (BTC)

knife

This hold above $25,000 could be linked to the shift in sentiment that crypto might be a way out when the traditional banking systems fail. The fear and greed indicator shows the level has been on the greed side since last week. Today’s figure shows it has grown to 68, adding slightly from yesterday’s value.

Featured image from Pixabay and chart from Tradingview.com

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 64,459.27
ethereum
Ethereum (ETH) $ 3,458.62
tether
Tether (USDT) $ 0.999043
bnb
BNB (BNB) $ 571.78
solana
Solana (SOL) $ 159.54
staked-ether
Lido Staked Ether (STETH) $ 3,467.10
usd-coin
USDC (USDC) $ 0.998411
xrp
XRP (XRP) $ 0.579769
the-open-network
Toncoin (TON) $ 7.35
dogecoin
Dogecoin (DOGE) $ 0.124645
cardano
Cardano (ADA) $ 0.443402
tron
TRON (TRX) $ 0.133995
shiba-inu
Shiba Inu (SHIB) $ 0.000019
avalanche-2
Avalanche (AVAX) $ 28.23
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 64,632.32
polkadot
Polkadot (DOT) $ 6.40
chainlink
Chainlink (LINK) $ 14.37
bitcoin-cash
Bitcoin Cash (BCH) $ 387.06
near
NEAR Protocol (NEAR) $ 6.17
uniswap
Uniswap (UNI) $ 8.16
litecoin
Litecoin (LTC) $ 73.07
leo-token
LEO Token (LEO) $ 5.83
dai
Dai (DAI) $ 0.998188
pepe
Pepe (PEPE) $ 0.000012
wrapped-eeth
Wrapped eETH (WEETH) $ 3,612.13
matic-network
Polygon (MATIC) $ 0.542431
internet-computer
Internet Computer (ICP) $ 9.53
kaspa
Kaspa (KAS) $ 0.179378
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.46
ethereum-classic
Ethereum Classic (ETC) $ 23.63
ethena-usde
Ethena USDe (USDE) $ 0.99749
aptos
Aptos (APT) $ 7.01
stellar
Stellar (XLM) $ 0.107361
monero
Monero (XMR) $ 160.76
blockstack
Stacks (STX) $ 1.89
hedera-hashgraph
Hedera (HBAR) $ 0.077385
maker
Maker (MKR) $ 2,908.98
render-token
Render (RNDR) $ 6.54
vechain
VeChain (VET) $ 0.031754
okb
OKB (OKB) $ 42.42
cosmos
Cosmos Hub (ATOM) $ 6.51
filecoin
Filecoin (FIL) $ 4.44
mantle
Mantle (MNT) $ 0.772838
crypto-com-chain
Cronos (CRO) $ 0.09423
arbitrum
Arbitrum (ARB) $ 0.759521
injective-protocol
Injective (INJ) $ 23.72
immutable-x
Immutable (IMX) $ 1.50
dogwifcoin
dogwifhat (WIF) $ 2.23
sui
Sui (SUI) $ 0.859148
bittensor
Bittensor (TAO) $ 295.42
the-graph
The Graph (GRT) $ 0.21419
optimism
Optimism (OP) $ 1.81
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,508.63
first-digital-usd
First Digital USD (FDUSD) $ 0.99415
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,873.07
bonk
Bonk (BONK) $ 0.000028
arweave
Arweave (AR) $ 28.76
floki
FLOKI (FLOKI) $ 0.000186
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,602.22
notcoin
Notcoin (NOT) $ 0.0162
lido-dao
Lido DAO (LDO) $ 1.80
ondo-finance
Ondo (ONDO) $ 1.10
aave
Aave (AAVE) $ 102.85
theta-token
Theta Network (THETA) $ 1.53
bitget-token
Bitget Token (BGB) $ 1.08
jasmycoin
JasmyCoin (JASMY) $ 0.030288
fantom
Fantom (FTM) $ 0.520897
based-brett
Brett (BRETT) $ 0.141351
thorchain
THORChain (RUNE) $ 4.08
whitebit
WhiteBIT Coin (WBT) $ 9.65
algorand
Algorand (ALGO) $ 0.159502
celestia
Celestia (TIA) $ 6.57
coredaoorg
Core (CORE) $ 1.40
pyth-network
Pyth Network (PYTH) $ 0.343317
jupiter-exchange-solana
Jupiter (JUP) $ 0.887896
ether-fi-staked-eth
ether.fi Staked ETH (EETH) $ 3,473.26
quant-network
Quant (QNT) $ 79.70
sei-network
Sei (SEI) $ 0.357227
mantra-dao
MANTRA (OM) $ 1.35
gatechain-token
Gate (GT) $ 7.71
elrond-erd-2
MultiversX (EGLD) $ 36.74
flow
Flow (FLOW) $ 0.620575
flare-networks
Flare (FLR) $ 0.020901
kucoin-shares
KuCoin (KCS) $ 9.70
eos
EOS (EOS) $ 0.598824
gala
GALA (GALA) $ 0.024415
beam-2
Beam (BEAM) $ 0.017763
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,532.46
axie-infinity
Axie Infinity (AXS) $ 5.97
bittorrent
BitTorrent (BTT) $ 0.00000091124415
bitcoin-sv
Bitcoin SV (BSV) $ 44.69
ethereum-name-service
Ethereum Name Service (ENS) $ 27.33
tokenize-xchange
Tokenize Xchange (TKX) $ 10.76
akash-network
Akash Network (AKT) $ 3.55
msol
Marinade Staked SOL (MSOL) $ 192.00
dydx-chain
dYdX (DYDX) $ 1.41
popcat
Popcat (POPCAT) $ 0.856803
tezos
Tezos (XTZ) $ 0.823832
neo
NEO (NEO) $ 11.41
starknet
Starknet (STRK) $ 0.613746