Son of the legendary musician John Lennon and his spouse multimedia artist Yoko Ono Sean Ono Lennon has taken to Twitter to share his opinion on PayPal, Bitcoin and CBDCs.

Lennon on PayPal and Bitcoin: “Anybody can purchase $1 of BTC”

Sean Lennon has been tweeting supportive posts on Bitcoin over the previous two years, starting when the pandemic kicked off in 2020. Again then, he shared on Twitter that Bitcoin had given him extra optimism than anything in that yr.

Total, he has been supporting not solely the flagship coin in his tweets, but additionally different high cryptos, comparable to Cardano’s ADA.

This time he shared his doubts about central banks striving to construct a nasty imitation of Bitcoin, creating Central Financial institution Digital Currencies (CBDCs) by denying BTC itself. He additionally cited the famend investor Warren Buffett, who has a number of occasions referred to Bitcoin as “rat poison.”

Query: Why are the mainstream detractors of BTC additionally the identical individuals who wish to roll out CBDC? If the previous is ‘rat poison’ why ought to the greenback attempt to imitate it (badly)?

— Seán Ono Lennon (@seanonolennon) December 30, 2022

As for the excessive worth of BTC for a mean purchaser, Lennon believes that it is sufficient to purchase even a fraction of Bitcoin, like a $1 value of it. This was his reply to a remark from a Twitter person who said he doesn’t have the funds for “to even examine crypto.”

You should purchase one greenback of bitcoin on PayPal even. I really feel like lots of people are ready to try this.

— Seán Ono Lennon (@seanonolennon) December 31, 2022

Now, with Bitcoin dropping arduous beneath the $17,000 stage, shopping for $1 value of it has turn into even simpler than earlier than.

PayPal big initially rolled out a possibility to purchase crypto in October 2020, additional permitting to withdraw Bitcoin, Ethereum and different high cash to third-party wallets. These bulletins had a optimistic impression on the BTC worth.

Bitcoin buying and selling beneath 2017 ATH

For the reason that final all-time excessive near $69,000 reached in November final yr, Bitcoin, on the time of this publication, is altering arms beneath the historic peak of 2017 — at $16,561. The value fell sharply from the $18,200 space in early November because the scandal with the chapter of the FTX alternate broke out. Presently, Bitcoin is sitting round 75% beneath the latest all-time excessive.

Total, the crypto market has been bearish this yr because of the geopolitical occasions in Europe and a large rise in costs on power around the globe.