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John Lennon's Son Makes Unexpected Bitcoin (BTC) Statement

Tue, 03/21/2023 - 09:37
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Gamza Khanzadaev
Only Bitcoin can save us now, says The Beatles legend's son
John Lennon's Son Makes Unexpected Bitcoin (BTC) Statement
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American singer and son of Beatles' legend John Lennon, Sean Lennon, made an unexpected statement regarding cryptocurrencies, namely Bitcoin (BTC). The artist's reaction came in response to a humorous post from Stacy Herbert, presenting USD as an old system, using the image of U.S. President Biden, and BTC as the new system, using the image of El Salvador's President Bukele. In response to Herbert saying that entropy can no longer be reversed for the "poor old dollar," Lennon stated that only Bitcoin can save us now.

Ex-Credit Suisse CEO's Bitcoin (BTC) Bubble Call Backfires

The fact that John Lennon's son is a crypto enthusiast and could still be called a Bitcoin maximalist has long been known. In a number of statements regarding the prospects of the new digital economy, Lennon sounds similar to Michael Saylor, known for his extremely positive vision of BTC.

#bitcoin is either gonna win big now or win bigger later.

— Seán Ono Lennon (@seanonolennon) April 26, 2022

Bitcoin (BTC) dominance and price action

At the same time, Bitcoin itself continues to storm extremely strong resistance in the $28,000 zone. The main cryptocurrency on the market has already made up for all the losses in price over the past nine months, showing growth of 27.17% just last week and 67.2% since the beginning of the year.

BTC to USD by CoinMarketCap

Bitcoin (BTC) to Ether (ETH) Reaches Highest Level Since July

The dominance of BTC is also at a local peak, which is now 47.72%. In this zone is also an important resistance level, which this indicator could not break through since the spring of 2021. The last time Bitcoin dominance overcame the resistance at around 49% was in July 2018.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.