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‘Time to Get Back Into Crypto,’ Declares Socialite Gambler Dan Bilzerian

Wilma Woo | Apr 23, 2018 | 07:30

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Dan Bilzerian, serial socialite and son of Armenian takeover specialist Paul Bilzerian, has told his millions of fans it is “time to get back in” cryptocurrency.

Bilzerian And Bitcoin: Second Time Lucky?

The outspoken gambler and internet personality, dubbed Buzzfeed’s “most popular man of Instagram” and whose net worth is over $100 million, hinted he was preparing to buy back into the market in a tweet April 22.

Time to get back in crypto

— Dan Bilzerian (@DanBilzerian) April 23, 2018

Bilzerian is the latest voice to lend weight to the theory that Bitcoin prices have returned to an upward trend after almost six months of losses following December 2017’s all-time highs.

As Bitcoinist reported, Sunday saw prices hold just below $9000 to cap the first consecutive two-week gains for BTC/USD since the $20,000 levels.

Bilzerian, himself something of a veteran by crypto adoption standards, publicly announced in May last year he had conducted mass purchases of Bitcoin, describing his disbelief at the success of his “shitload” of coins.

“It’s so crazy watching that shit fu**ing go up, too, it’s like sweating like I made a bet on the Super Bowl or something,” he said in a video at the time.

Later, he disclosed his current holdings were allegedly composed of 50% Bitcoin, 25% Ether, 15% Monero and 10% Bitcoin Cash.

Experts Sold On A Bitcoin Moonshot

The family penchant for crypto goes further, Bilzerian’s brother Adam having purchased a St. Kitts and Nevis passport and renounced his US citizenship.

In less mainstream environments meanwhile, Bilzerian is far from alone in sensing a new era for cryptocurrency investing. Experts including players such as Pantera Capital and Fundstrat Global Advisors have joined well-known ‘Bitcoin bulls’ in forecasting serious price rises by the end of 2018.

Estimates currently range from $20,000 to $100,000, while famous faces such as Tim Draper and John McAfee are still confident that markets will hit $250,000 by 2022 and $1,000,000 by 2020 respectively.

What do you think about Dan Bilzerian’s crypto buy-in timing? Let us know in the comments section below!

Images courtesy of Shutterstock, Twitter