The crypto market has always been a bitter subject among investors and people who see it as a speculative industry and not worthy of their time and investment. But the recent move by the Coca-Cola investors might have just set the record straight by vindicating the crypto market for good. This might have been fueled by Cristiano Ronaldo, who is the second-highest-paid footballer currently.
The whole thing transpired at the EURO 2020 conference, where all the star footballers were invited to share their thoughts about the interview and answer the interviewers’ questions. Cristiano Ronaldo was there to do the same, and he was getting all ready to answer the questions of the interviewers in relation to the event and his and his team’s preparations to coin it. But when he arrived at the interview station, he was only greeted with two Coca-Cola bottles present before him. He slid the chair gently and sat before the microphone and two bottles of Coca-Cola staring him right in the face. He picked up both and slid them under the table and said “Agua” and “No Coca Cola”,
Coca Cola and the Stock Market Seems to be Influenced by Cristiano Ronaldo without even Intention of the Star Footballer
Agua means water in Spanish, could it be the fact that the footballer was asking for water for himself instead of Coca-Cola, the soft drink because, being an athlete, he must be in proper shape and thus need to steer clear of all soft drinks bearing tons of sugar. But given the fact that cameras were rolling and the whole thing was being telecasted to the rest of the world, the argument was painted as if Cristiano Ronaldo is saying to his fans to drink water and leave Coca-Cola. As indicated by the NASDAQ index, not long after this event Coca Cola stock’s plummeted and recorded a $4 billion decrease at the very moment.
The share price of Coca-Cola dropped from $56.10 t $55.22 before anyone could breathe. The crypto enthusiasts have reacted to this incident to cater to those who only blame the crypto market for volatility and are biased with influencers towards the speculative nature of the stock market and its highs and lows with respect to influence. This might have just cleared the name of the crypto market as being the only volatile market to ever exist for good.