• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Sensei Inu Logo Sensei Inu Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
avocado bitcoin

Why Are Bitcoin and Avocado Prices Eerily Mirroring Each Other?

Emilio Janus by Emilio Janus
4 years ago
in Bitcoin, Bitcoin Price, News, News teaser, Op-Ed
0

We’ve seen the correlation between avocado and bitcoin prices before. So do Trump’s new measures against Mexico indicate a ‘buy’ signal? Looking at Bitcoin/Avocado demographics, millennials may indeed be the key ingredient. 


Avocados & Bitcoin – A Match Made In Heaven?

As tweeted by crypto-entrepreneur Jen Zhu Scott (and not for the first time), there does seem to be an undeniable link between the prices of BTC and Avocados. But why might that be? And what does it mean?

There will be more than 21 million avocados eaten in the next hour in the United States alone. So that can’t be it. In fact, the US imports 1.7 billion pounds (over 750 million kg) of avocados each year from Mexico. Not to mention the home-grown volume.

Most of this is probably smashed onto toast and eaten by Millennials.

The Missing Link – Millennials?

So could Millennials be the common factor that unites Bitcoin and avocados? Certainly, their love of avocado toast is so legendary that an index was developed to show how many they would have to skip in order to save an average deposit for a house internationally. In case you were wondering, it ranges from 9 years worth in Mexico City to 67 years worth in London.

Are these Millennials also the ones pushing up the bitcoin price?

Well according to the demographics of the Bitcoin community provided by CoinDance, maybe so.

Millennials

57.29% of Bitcoin community engagement comes from the Millennial bracket of 18-34 years old. Also, 62.46% are using the Chrome browser, and it doesn’t get much more Millennial than that.

But are flush Gen-Z’ers popping out for brunch and buying bitcoin as they munch? Or do BTC price rises spur a more decadent morning purchase?

Either Way, Trump’s Gunning For Your Guac!

U.S. President, Donald J Trump, announced new immigration measures (?!?) against Mexico this week. Starting 10th June, there will be a 5% tariff on all imports, rising 5% each month to reach a maximum of 25% on October 1st.

The U.S. purchases around 75% of its avocados from Mexico, accounting for around 75% of Mexican avocados grown annually.

Whilst it may impact Millennial’s avocado toast purchasing power, it is surely good news for bitcoin. As we have seen, Trump’s random scattergun approach to diplomacy has driven investors away from the dollar and right into our hands.

Also, I can’t help but think Millennials would be better off buying just the bitcoin anyway. You can’t pay a house deposit with avocado toast.

Are millennials driving up prices of both avocado and bitcoin? Share your thoughts below!


Images via Shutterstock, Chart from Twitter:@tracyalloway, Coin.dance

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Emilio Janus

Emilio Janus

Related Posts

Friend.tech

New Report Dives Into The Good, The Bad, And The Ugly Side Of Friend.Tech

11 hours ago
Bitcoin

Six And Counting: The Global Bitcoin Billionaire Phenomenon Unveiled

14 hours ago
Bitcoin price Fed

How Has The Fed’s Decision Impacted The Bitcoin Price? Crypto CEO Weighs In

20 hours ago
Bitcoin

Bitcoin Next Moonshot? Santiment’s Intriguing Insights For Crypto Enthusiasts

1 day ago
crypto

Crypto Clients In China Targeted As Singapore Expands Money Laundering Probe

2 days ago
Bitcoin shorters

Bullish Signal: Bitcoin Could Reach $30,000 As BTC Continues To Defy Shorters

2 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit

Press Releases

  • Analysts Predict Polkadot (DOT) to Stabilize, While QUBE is...

    3 hours ago
  • Seize the Opportunity:Domini.art Could Offer 50X Returns...

    4 hours ago
  • 3 Tokens Under $1 to Buy Now – September 2023 Rising...

    6 hours ago
  • Was Solana’s FTX Fear A ‘Buy The Fear’...

    6 hours ago
  • 3 Undervalued Gems in September 2023: $DOMI, $ARB, $LINK

    9 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.