If that’s not bullish, I don’t know what is.
Only ~15% of Americans own crypto vs over 50% owning stocks. Crypto appeals to a wider range of people for it’s variety of use cases, and these massive companies are clearly aware there is a much larger market of people available to flow into the space.
A few superb owl ads may not immediately double the price, but it’s impressive how invested so many multi-billion dollar organizations are in spreading awareness of a new technology that most people are either unaware of or uneducated on.
HODL tight fam, crypto ads becoming mainstream is the first step in crypto use becoming mainstream.
Side note: Crypto companies have really good marketing teams, that Coinbase ad was one of the most clever and effective I’ve ever seen.
4 thoughts on “There’s a significant amount of companies spending a ton of money to advertise your investment to more people.”
Bullish on superb owls
Look up the term confirmation bias.
Just because companies are burning cash to advertise means they think they’ll have success. There is no guarantee. Have you been alive long enough to see advertisement campaigns for stuff that failed? There are lots. And lots.
15% seems inflated. I’d venture to say it’s less than 10%
Companies that make money selling cryptocurrencies are spending advertising dollars to try to get more new money flowing into cryptocurrencies.