Carl Runefelt, higher recognized inside the crypto neighborhood and maybe past it for his social media title – The Moon – is without doubt one of the hottest influencers within the discipline. He has over 500K subscribers on YouTube and has lately crossed the a million followers milestone on Twitter.
From wild Bitcoin predictions to million-dollars NFT buys, to his latest fee app Kasta, and what he thinks in regards to the criticism he acquired from his neighborhood after displaying his new Bugatti whereas the market was beginning to crash in December 2021.
From Sorting Groceries to The Moon in 4 Years
Runefelt began his Youtube channel in 2017. Earlier than diving into crypto, he was working at a groceries retailer in Sweden – the place he’s initially from.
“I used to be working at a groceries retailer in Sweden. I wasn’t very proud of my life – I assumed it was a bit boring. I felt that I wasn’t doing what I used to be alleged to do.”
It was the Law of Attraction and the way visualizing his objectives helped him obtain the lavish way of life that he lives right this moment – in Dubai.
Earlier than stepping into crypto, he was investing the cash he had in bodily gold and silver. As a 22-year previous who was beginning his profession, it was the inefficient banking system that had him searching for another.
“I used to be searching for methods to earn a living on the stupidity and the corruption of the central bankers and I assumed that was gold. However then I noticed one YouTube video – somebody had made a video about YouTube and I noticed it and I simply instantly thought it was extraordinarily attention-grabbing.”
That’s when TheMoon’s channel was born. Now, he’s an investor in crypto, however he’s additionally doing something possible within the trade, from offering liquidity and farming yields to investing in startups and co-founding his personal mission – Kasta, which is a fee app. Kasta comes as a substitute for conventional fee options which can be a part of the system that Runefelt wished to face in opposition to.
Bitcoin Will By no means Go Again Under $10K
In December 2019, CryptoPotato had an interview with The Moon. He then predicted that BTC’s worth would go to $200,000 as an ideal hedge in opposition to inflation. Again then, the worth was hovering round $7,000.
Since 2019, and particularly across the COVID-19 March 20 crash, we noticed Bitcoin buying and selling closely in correlation with the worldwide markets, placing the narrative to query in many individuals’s view.
These days, he maintains that Bitcoin remains to be a “unbelievable hedge in opposition to inflation.”
“Bitcoin is the scarcest asset in the entire universe. There may be nothing out ther that may compete. Nevertheless, within the short-term, you probably have the inventory markets utterly collapsed, clearly the whole lot will crash. It’s simply how markets work.
I feel that long-term, Bitcoin is uncorrelated to the inventory market and different markets on the market.”
Discussing the potential for bitcoin going to zero, TheMoon strongly refuted it and even mentioned that he thinks BTC is “by no means going again down beneath $10,000.”
“I might counsel that it’s very probably that Bitcoin goes approach above 1,000,000 {dollars}. I feel that even $10 million is the place BTC goes.”
Talking on his 2019 prediction, Runefelt believes that $200K within the subsequent three years is ‘very attainable.’
Shopping for a CryptoPunk Was a Silly Mistake
Runefelt has been very vocal about spending $1 million for his CryptoPunk NFT.
“The CryptoPunk I did purchase, form of on the high of the market, and that was a silly mistake.
I form of remorse that I purchased it as a result of to begin with, I paid 1,000,000 {dollars} for it which is approach an excessive amount of for a JPEG, you may say. I’ve no clue of what its worth is correct now and I attempt to maximize its worth by no less than attempting to do some promotion out of it.”
The Controversy and Criticism After Shopping for His Bugatti
On the finish of 2021, whereas the crypto markets noticed sharp declines, Runefelt shared on his Twitter profile that he purchased a brand new Bugatti – his dream automotive – after promoting a few of his ETH. Many individuals criticized the transfer and hinted that it was carried out to brag.
I simply purchased my dream Bugatti with #Ethereum ? pic.twitter.com/aPjFXaY9WX
— The Moon (@TheMoonCarl) December 29, 2021
In response to this, he defined that the choice got here after seeing how a lot cash he made out of Ethereum and that it was time to take some earnings and purchase his dream automotive.
“I had a bunch of cash that was saved in Ethereum and I assumed – why not take some earnings, why not purchase one thing that I’ve been dreaming of for years now?”
He argued that none of it’s to brag however fairly to encourage different individuals. Did he persuade his followers? Time will inform.
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