Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTAnand SinhaMon, July 27, 2026 at 8:30 PM GMT+2 2 min readSocial media influencer and investor Carl Runefelt is best known on the internet for posting crypto-focused content and showcasing his lavish lifestyle.Known online as "The Moon," he claims he dropped out of high school and worked as a supermarket cashier in Sweden before investing in Bitcoin (BTC). He attributes much of his wealth to crypto investments and other business ventures.Related: Exclusive: Tether co-founder says Bitcoin volatility proves why stablecoins have already wonOn July 24, Runefelt revealed on his The Moon Show podcast that he sold two Ferraris worth a total of $2.5 million to buy Bitcoin. The crypto influencer said the leading cryptocurrency is entering the "most reliable" signal in the cycle.Pointing to Bitcoin's 200-week moving average (MA), he said the current dip offers an opportunity to accumulate more Bitcoin. He gave several previous instances when Bitcoin traded around the 200-week MA before its price surged significantly.For instance, Bitcoin fell below $4,000 during the coronavirus pandemic panic selling in March 2020, but it reached $64,860 more than a year later in April 2021.More News:Popular crypto stock jumps after acquiring nearly 1,000 patents