Me Saying Bitcoin in October 2023 pic.twitter.com/4xLJVzBAD4— Frankie MacDonald (@frankiemacd) October 24, 2023
Internet personality, Frankie MacDonald has caused a rush to buy Bitcoin after he tweeted a video of him shouting the word Bitcoin. Markets rallied 11% following the posting of his video. Both Coinbase and Gemini "went down" as a result in the change in market sentiment.
MacDonald has been known to manipulate markets before. He has caused the price to go down after posting similar videos. Why an internet personality like MacDonald has so much power to move markets is unknown. Jim Cramer has been attempting to do this for decades.
Many are suggesting that MacDonald's video is the official start of the bull market.