Main navigation

Dutch Millionaire Is Bullish on Shiba Inu and Dogecoin

News
Mon, 11/29/2021 - 16:04
article image
Alex Dovbnya
The former Dutch MP is bullish on Shiba Inu and Dogecoin
Dutch Millionaire Is Bullish on Shiba Inu and Dogecoin
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Dutch millionaire and former member of the country's left-wing green party, Zihni Özdil, has tweeted that he is bullish on Shiba Inu and Dogecoin in the short term.

Özdil notes that both of them have formed the bull flag pattern, which typically precedes a price uptrend after a long period of consolidation.

That said, he also adds that people should stay away from crypto if there is an interest rate hike.

Özdil does not see a significant distinction between Bitcoin and meme coins since their value equally depends on how much other people are willing to pay for them.

The historian entered the House of Representatives as a member of GroenLinks, a left-wing political party, in 2017.

Related
BREAKING: Bitcoin Proponent Jack Dorsey Stepping Down as Twitter CEO
 Ozdil previously helped party leader Jesse Klaver write his book.

However, Özdil left the green party and lower chamber of the Dutch parliament following a clash with Klaver over student loans.

In August, the former MP revealed that he had become a cryptocurrency millionaire and bought a villa on a tropical island because of his timely bet on Dogecoin and Ether:
 

I completely immersed myself in crypto and made the stupidest decision of my life. I put all that money I made with ETFs into dogecoin and ether.

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.