Kim Dotcom, the outspoken founder of Megaupload, Mega and other firms, recently tweeted about the Chinese Stock Market. The Chinese stock market experienced turbulence in late July and early August and since global stocks have taken a slide.
Is the China bubble ready to pop? A significant global stock market correction is imminent? Get some #Bitcoin. Just in case. Thank me later.
— Kim Dotcom (@KimDotcom) August 24, 2015
In the tweet, he suggests his Twitter followers “Get some #Bitcoin.”
Dotcom, a German-Finnish Internet entrepreneur, businessman and political activist, was accused of criminal copyright infringement and other charges by the US Department of Justice. He is fighting etradition proceedings in New Zealand. Having founded the file hosting service Megaupload, and Mega, authorities charged that he enabled the file sharing of copyrighted material. His home was raised in 2012 by US authorities.
Also read: Kim Dotcom Gives Bitcoin Boost
His next business venture after Megaupload, Mega, launched in January 2013 – one year after Megaupload was closed down. Mega is a cloud storage service using encryption. When PayPal ceased serving Kim Dotcom’s Mega, he tweeted about Bitcoin.
Dotcom has long supported Bitcoin, as can be seen here.