Tesla and SpaceX’s CEO Elon Musk put the Bitcoin tag and emoji in his Twitter profile description. After he did this, bitcoin prices rose sharply to over $ 36,000.
After Elon Musk put the Bitcoin tag and emoji on his Twitter profile statement, the cryptocurrency rose 10 percent to over $ 36,000. Bitcoin, the largest cryptocurrency, is now back at around $ 36,800 after rising 15 percent in London transactions.
Earlier in the day, Musk had also fired the Dogecoin rally on Twitter. Musk shared the magazine “Dogue” with a dog on the cover of his Twitter account. Originally created as a joke, Dogecoin has increased 300 percent in the last 24 hours. Bitpanda CEO Eric Demuth said about Musk, “The world is listening now and big names like Elon Musk are fueling this excitement with their Twitter posts. This means that next weekend will be a lot of fun. ” said.
After the sharing of Musk supporting small investors in the GameStop case, the value increase in the company’s shares had accelerated. This time, Musk announced that he supports Bitcoin. Musk, who can also mobilize the markets with his shares, made a surprise move about ‘bitcoin‘, which has been discussed frequently in recent years.
Musk, who pinned Bitcoin to his profile on Twitter, gave the message “It was inevitable when looking back” in his last post. Musk, who clearly took the side of the individual investor in the WallStreetBets events that started a few days ago and whose effects are still ongoing, was also effective in the rise in the price of Dogecoin. Musk’s sharing also reflected Bitcoin. As a result, Bitcoin exceeded 36 thousand dollars.
Elon Musk takes a break from Twitter after Bitcoin
Elon Musk, the CEO of SpaceX and Tesla, announced that he will stop using the application on Twitter for a while after his recent posts about Bitcoin, other cryptocurrencies and the GameStop incident.
Elon Musk, CEO of SpaceX and Tesla, announced that he will take a break from Twitter for a while. Again, in his post on Twitter, “I leave it to Twitter for a while.” Musk said, with his posts, he had a serious impact on the crypto money market.
Off Twitter for a while— Elon Musk (@elonmusk) February 2, 2021
At Musk Clubhouse, “I should have bought Bitcoin 8 years ago, I was late to the party.” he said. Stating that Bitcoin is a good thing and is a supporter, Musk said, “It would be fun for Dogecoin to be a global currency.” he added.
After Musk put the Bitcoin tag and emoji on his Twitter profile statement last week, the cryptocurrency rose 10 percent to over $ 36,000.
Bitcoin, the largest cryptocurrency, instantly rose 15 percent in London transactions.
Earlier on Friday, Musk also sparked the Dogecoin rally with the “Dogue” magazine, which he shared on Twitter and featured a dog on the cover. Originally created as a joke, Dogecoin has surged 300 percent last Friday.
Elon Musk asked to move his balance sheet to Bitcoin
During a Twitter conversation, Elon Musk asked if it was possible to convert Tesla’s balance sheet to Bitcoin.
In a conversation with Musk on Twitter, MicroStrategy CEO Michael Saylor told Musk that he needed to move the company’s balance sheet to Bitcoin.
“If you want to do a $ 100 billion favor to your shareholders, you should move your balance sheet from dollars to Bitcoin.” Saylor said, “Other companies in the S&P 500 will follow you, and over time this favor can reach up to $ 1 trillion.” he added.
Musk asked if such a large transaction was possible, and Saylor stated that it was possible and that he had bought $ 1.3 billion of Bitcoin in the past months and could share his tactics offline if he wanted.