Carl Runefelt, better known within the crypto community and perhaps beyond it for his social media name – The Moon – is one of the most popular influencers in the field. He has over 500K subscribers on YouTube and has recently crossed the one million followers milestone on Twitter.
From wild Bitcoin predictions to million dollar NFT purchases, to his recent payment app Kasta, and what he thinks of the criticism he received from his community after showing off his new Bugatti while the market began to collapse in December 2021.
From Sorting Groceries to The Moon in Four Years
Runefelt started his Youtube channel in 2017. Before diving into crypto, he was working at a groceries store in Sweden – where he’s originally from.
“I used to work in a grocery store in Sweden. I wasn’t very happy with my life – I thought it was a bit boring. I felt like I wasn’t doing what I was supposed to. »
It was the Law of Attraction and how visualizing his goals helped him achieve the lavish lifestyle that he lives today – in Dubai.
Before getting into crypto, he invested the money he had in physical gold and silver. As he began his career at 22, it was the inefficient banking system that drove him to seek an alternative.
“I was looking for ways to make money on the stupidity and the corruption of the central bankers and I thought that was gold. But then I saw one YouTube video – someone had made a video about YouTube and I saw it and I just immediately thought it was extremely interesting.”
That’s when TheMoon’s channel was born. Now he’s a crypto investor, but he also does everything imaginable in the industry, whether it’s providing liquidity and farming returns, investing in startups or co-founding own project – Kasta, which is a payment application. Kasta presents itself as an alternative to traditional payment solutions that are part of the system that Runefelt wanted to oppose.
Bitcoin Will Never Go Back Below $10K
In December 2019, CryptoPotato had an interview with The Moon. He then predicted that BTC’s price would go to $200,000 as a great hedge against inflation. Back then, the price was hovering around $7,000.
Since 2019, and especially around the COVID-19 crash of March 20, we have seen Bitcoin trade strongly in correlation with global markets, challenging the narrative in many people’s eyes.
Nowadays, he maintains that Bitcoin is still a “fantastic hedge against inflation.”
“Bitcoin is the rarest asset in the entire universe. There is nothing out there that can compete. However, in the short term, if the stock markets crash completely, obviously everything will crash. That’s how markets work.
I think that long-term, Bitcoin is uncorrelated to the stock market and other markets out there.”
Discussing the possibility of bitcoin falling to zero, TheMoon strongly refuted it and even stated that he believes BTC “will never go back below $10,000”.
Speaking on his 2019 prediction, Runefelt believes that $200K in the next three years is ‘very possible.’
Buying a CryptoPunk was a stupid mistake
Runefelt has been talking a lot about spending $1 million on his CryptoPunk NFT.
“The CryptoPunk I did buy, kind of at the top of the market, and that was a stupid mistake.
I kind of regret that I bought it because first of all, I paid a million dollars for it which is way too much for a JPEG, you can say. I have no clue of what its value is right now and I try to maximize its value by at least trying to do some promotion out of it.”
Controversy and criticism after buying his Bugatti
At the end of 2021, when the crypto markets were in steep declines, Runefelt shared on his Twitter profile that he bought a new Bugatti – his dream car – after selling some of his ETH. Many people criticized this decision and suggested that it was done for bragging rights.
In response to this, he explained that the decision came after seeing how much money he made out of Ethereum and that it was time to take some profits and buy his dream car.
“I had a lot of money that was stored in Ethereum and I thought – why not take profit, why not buy something I’ve been dreaming about for years now?”
He argued that none of it is to brag but rather to inspire other people. Did he convince his followers? Time will tell.
