Kim Dotcom Claims Crypto “Profit Taking Mode Activated”

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Last Updated on 23 March 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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Kim Dotcom, the founder of MegaUpload who now lives in New Zealand and who accuses the US of legally stealing millions from him, has officially joined Bitcoin Cash this week as one of its supporters and users, saying:

I’m herewith officially joining the effort to make Bitcoin Cash the leading electronic cash solution in the world. I will help to accelerate the use of BCH with real world and online vendors and to increase the user base. I know how to do this. Join me.

Now that he’s more into crypto than ever, he’s been tweeting about it incessantly.

Today he revealed that he tried to advise the New Zealand government to:

Park some of his unused COVID relief funds into Bitcoin. That was at a price of US$10,900. NZ could have multiplied those funds 3X by now.

Yesterday he saw the floodgates open for a crypto retrenchment which we had predicted already last week was coming and said:

Profit Taking Mode Activated

Advertentie.

Dotcom millionaire

The German-Finnish entrepreneur and father of five also lashed out at tech companies for censoring several websites and apps over the weekend (something that Cardano CEO Charles Hoskinson also did) but saw opportunities at the same time.

He stated:

Because of the censorship by big tech new opportunities are emerging.

The man who gained notoriety by becoming a dotcom millionaire in the early 2000s is an outspoken crypto defender. Last August he reminded all his fans by saying:

Did you buy Bitcoin and Gold like I said? Congratulations, you have made a lot of money.

At the time, Bitcoin traded around $12,000.

Just two days ago he seems to have made a major investment by purchasing some 30 million XRP for a value of $9.3 million.

When Whale Alert notified the cryptosphere that someone had made the purchase, Kim simply retweeted it and said:

Thank you Ripple.

We’ll let you know if that one turns a profit as well, but if there is anyone who knows a thing or two about lawsuits against the US government and could thus advise XRP CEO Brad Garlinghouse, it is of course Kim Dotcom.

Patryk_Kosmider / Depositphotos.com