Kim Dotcom, the internet entrepreneur and digital rights activist, took to Twitter on August 17, 2020, to congratulate his followers for taking his advice in August 2018 on buying Bitcoin (BTC) and gold (XAU).
While advising his followers in 2018, Dotcom predicted a decline in the value of the U.S. dollar with an imminent collapse of the U.S. economy. As it might pull down other currencies, buying Bitcoin and gold could save them from losing their money, he then suggested.
In his recent tweet, the founder of the now-defunct file storage website Megaupload, shared his views on how his followers got benefitted from gold’s rising prices and made a lot of money.
However, few Twitterati were questioning the usefulness of Bitcoin and gold and claiming that his followers made nothing by listening to his recommendations. Dotcom slammed such opinions and claims.
It was Dotcom’s growing interest in cryptocurrency that the cryptocurrency exchange Bitfinex on October 22, 2019, announced to collaborate with Dotcom and offer the digital content monetization token ‘K.im’ through its Initial Exchange Offering (IEO) platform.
But due to increasing regulations for such tokens, the company was forced to cancel the token sale on November 5, 2019.
Dotcom’s tweet came at a time when Bitcoin and gold have been reported trading above $12,000 and $2,000, respectively.
