Elon Musk changes Twitter bio to #bitcoin, chaos ensues.
Elon Musk changes Twitter bio to #bitcoin, chaos ensues
As the man himself said, it was inevitable.
On Friday, Tesla CEO Elon Musk changed his Twitter bio to "#bitcoin." This alone perhaps wouldn't be that interesting — after all, Musk expressed his interest in Bitcoin and cryptocurrencies before — but Musk followed up with a cryptic tweet that might indicate he's actually bought some Bitcoin.
"In retrospect, it was inevitable," Musk tweeted.
However, cryptocurrency Twitter immediately started speculating about Musk buying Bitcoin, or even Tesla investing a part of its cash pile into the cryptocurrency. Software company MicroStrategy has invested a massive amount of money into Bitcoin in recent months, and its CEO Michael Saylor has been vocal about Bitcoin being a better alternative than cash for a company's reserves.
In December, Saylor actually offered Musk — through Twitter — some advice on how to purchase large amounts of Bitcoin in a company's name.
SEE ALSO: Learn the basics of Bitcoin with some help from a pro
At this point, we don't know what, exactly, Musk has referred to in his latest tweet, or whether he or Tesla own, or plan to own, any Bitcoin. But that didn't stop speculators from driving the price of Bitcoin up by 19 percent in less than an hour, up from roughly $32,000 to just short of $38,000. The pump has now subsided, and the price is sitting at around $36,000.
Musk's tweet came at an extremely volatile and frankly, just plain weird time for financial markets. First, it came after a major options expiry for Bitcoin, which arguably made it easier for the price to move in either direction.
Also, Musk's comments came amid a trading war between a bunch of Reddit traders and some massive hedge funds, which pushed the price of GameStop stock up to unprecedented levels. The battle is still raging on, with volatility forcing some trading platforms, including Robinhood, to temporarily halt buying of GameStop and several other stocks.
Musk is no stranger to wreaking havoc on the financial markets. His infamous "taking Tesla private" tweet caused the company shares to surge, landing Musk in trouble with the U.S. Securities and Exchange Commission.
So thats what happened!!
ReplyDeleteHi sir ellon... How to become or to learned of what you said in bitcoin. I want to know more abouts.. thank you ang more power
ReplyDeletetext me if you wanna know more
DeleteInbox me
Delete🚀🚀🚀
ReplyDeletehttps://media1.tenor.co/images/4230d4a77f58f7b8cf4abf3b0a79c09d/tenor.gif?itemid=14161744
https://rollercoin.com/?r=kk8ch0el
ReplyDeleteDestroying commi liberals wallets one day at a time. Dudes awesome
ReplyDeleteThe hell are you talking about? You can go both long and short on bitcoin futures or options and people from both sides of the isles play.
DeleteDogecoin GIF
ReplyDeletehttps://gph.is/g/aeYRgGM
https://thefederalist.com/.../treasury-secretary-janet.../
ReplyDeleteIts all well and good until we get onna them big solar events that kill all the computers and tech , then they lose the lot .
ReplyDeleteThey will have much bigger problems than lost Bitcoin if it ever comes to that
DeleteMost money is digital these days anyway, bank balances are as much ephemera as Bitcoin.
DeleteUnlessyour money is all in gold, that type of event would destroy ALL forms of currency.
DeleteFiat is still nothing without digital numbers behind it.
DeleteMoney was all based on gold, then greed came along and made some coins , followed by decimalization so it could be broken into smaller bits, now bitcoin has come along and devalued it further .It all end up in the hands of the rich .
DeleteIt's all backed up in the cloud if it rains we'll all be rich.
DeleteThanks Elon!!!!
ReplyDeleteI started earning up to $25k the day i took the courage to give a try now im glad and looking good because I've found the best platform. You can also monitor your trading account and make successful withdrawal as Agreed earned good profits already
ReplyDeletehttps://www.facebook.com/ElianaMitchellf
Manipulation at its best!
ReplyDeleteTry using Mrs Helen Jen platform, Awesome team of people works with expert trade and are straight on the case of growing more profit and all will be sweet thank you very much Mrs Helen Jen for trading of my Cryptocurrency If interested contact her using the Facebook link below https://www.facebook.com/HelenFX1 take a look, thoroughly recommended.
DeletePeople think he's funny, but he's just trying to further destabilized what little control we have left in this economy. Him and his friends will always make out no matter which way this country turns, the people who find him funny will always lose.
ReplyDeleteTwitter is going to ban him for Inciting chaos you watch
ReplyDelete