MultiversX Tracker is Live!

Whales should distribute crypto strategically in the world

All Cryptocurrencies

by COINS NEWS 133 Views

I was just wondering, do people like Michael Saylor gift Bitcoin to people?

Each new crypto owner becomes basically a stakeholder and in self interest automatically promotes crypto to their surroundings.

It the distribution is strategic, the recipients would be selected such that the cost is minimal and the impact maximized (e.g. people close to politics or with large social networks).

People in remote regions of the world can be made happy with tiny amounts of money. So say 10 Bitcoins could make for a decent campaign.

It can be presented as an humanitarian campaign, which is good for PR.

This increases adoption, and adoption increases the price of crypto, and the gifters profit.

Is that a thing (if it is it's not visible enough, as I've not come across of it)?

Edit: some people are reading this as philanthropic. It's not. It's basically just marketing. Marketing costs money. The only difference is that here you're transferring the money itself as part of the marketing (for obvious reasons). Also, you can attach conditions to the transfer, like a time lock and transferring it only if it's above a certain price, incentivizing people to promote it more, so it reaches that price.

submitted by /u/Accomplished_Ad_8814
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments