Prominent figures from the crypto industry on Forbes covers raise interest and questions. Is there a link between their appearances and market changes?
History of Forbes Covers and Crypto Market
The appearance of a famous crypto figure on the Forbes cover fuels discussions. It started with Changpeng Zhao in February 2018, when the bear market began, leading to a more than 50% drop in Bitcoin's value. Next, in October 2021, Sam Bankman-Fried appeared, marking the start of a new downtrend, with the market eventually falling 77%. In January 2025, Michael Saylor graced the cover, resulting in a 30% dip in Bitcoin prices.
Impact on Famous Crypto Figures
Each appearance results in a series of market events. Sam Bankman-Fried witnessed FTX's bankruptcy a year after the magazine's release. Remarkably, despite seeming randomness, the market dropped in three out of three cases.
Coincidence or Prediction?
Can Forbes really predict the market? One hypothesis is that the magazine captures peak popularity, often aligning with market highs. The next mystery: what will be the outcome of Justin Sun's March 2025 appearance?
The link between Forbes covers and market trends remains an intriguing mystery. Will Justin Sun break the chain of coincidences or become the fourth in line? Only time will tell.
