Musk is no stranger to wreaking havoc on the financial markets. Or it could be related to something that's not crypto-related. Before the weekend, the Tesla CEO changed his Twitter account biography to read "#Bitcoin," sending social media into a frenzy. South African entrepreneur Elon Musk recently stated on Twitter that bitcoin was going to the moon, which caused it to hit almost $60,000. as he only added the word ‘Bitcoin’ in his bio on the social media platform which was enough to propel Bitcoin to rise. Gold | QC: BTC 15 | r/Stocks 13. Jack has been an advocate for Bitcoin for years and recently criticized the proposed cryptocurrency regulations stating that they will create “unnecessary friction and perverse incentives for cryptocurrency customers to avoid regulated entities for cryptocurrency transactions.”. While the exact reason for the bullish move is hard to define, prices surged after Tesla and SpaceX CEO Elon Musk changed his Twitter bio to mention the cryptocurrency. Copyright © 2014 - 2021 Coinspeaker Ltd. All rights reserved. We're using cookies to improve your experience. Musk got into a legal battle with the SEC, for tweeting about Tesla private shares which he stated was selling at $420 which got him a $20 million fine from the SEC and subsequent legal issues. It could be related to DOGE, a joke cryptocurrency Musk is a fan of and has recently been tweeting about. As the man himself said, it … “One Word: Doge,” the tweet read, before proceeding to call bitcoin ‘BS’ in subsequent tweets. The price of bitcoin BTCUSD, -2.68% was last up … On Friday, Tesla CEO Elon Musk changed his Twitter bio to "#bitcoin." Jan. 29, 2021 10:11 am ET Order Reprints Print Article Text size. 2 4 9 2 6. Elon Musk changes his Twitter bio to Bitcoin. 40. He added the title to already existing ‘Technoking of Tesla’ that he updated about himself three weeks ago. If previously his bio on the social network read ‘CEO of Dogecoin’, it now includes the hashtag #bitcoin. This isn’t the first time that Musk has had the name of a cryptocurrency in his Twitter bio. Elon Musk updated his Twitter bio to “#Bitcoin” earlier today—kicking off a $6,000 rally in Bitcoin's price—and now more big names from in and out of the crypto bubble are following his lead. On Jan. 29, Musk altered his Twitter bio to #bitcoin. Reproduction in whole or in part in any form or medium without express written permission of Coinspeaker Ltd. is prohibited. On top of that, consider that the announcement came immediately after the largest options expiry in bitcoin's history, not giving traders much chance to reestablish their long exposure or close their short hedges. While the … Mashable, MashBash and Mashable House are among the federally registered trademarks of Ziff Davis, LLC and may not be used by third parties without explicit permission. Better Business Bureau Accredited Business. In December, Saylor actually offered Musk — through Twitter — some advice on how to purchase large amounts of Bitcoin in a company's name. Bitcoin jumped as much as 14% on Friday (January 29) to a two-week high after Tesla Inc chief Elon Musk tagged the cryptocurrency in his Twitter biography. The thing we call money is just an information system for labor allocation. In December 2020, he tweeted “Bitcoin is my safe word,” along with, “Bitcoin is almost as bs as fiat money.” The price of Bitcoin surged 18% after Elon Musk, the CEO of Tesla and SpaceX, added “Bitcoin” to his Twitter bio. Elon Musk, the CEO of Tesla has put Bitcoin as the only word in his Twitter bio. — Alex Krüger (@krugermacro) January 29, 2021. By mentioning the Imperator of Mars in his bio, Elon has reiterated his long time passion for developing the neighbouring planet and making it habitable for humans over the years. Bitcoin is already rising, similar to Musk’s tweet effect on Dogecoin. Mashable, Inc. All Rights Reserved. Elon Musk has added a Bitcoin hashtag on his Twitter bio. Bitcoin finally saw an upward action this week after Elon Musk mentioned the cryptocurrency in his Twitter Bio. The high-ranked executive also tweeted … "In retrospect, it was inevitable," Musk tweeted. Elon Musk has been a vibrant voice in the world of cryptocurrency and finance as a whole, often expressing his somewhat controversial opinions on social media networks especially Twitter. The world`s biggest cryptocurrency was up 10.2% at $36,901 as of 1005 GMT.
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