As the boy himself said, it’s inevitable.
On Friday, Tesla CEO Elon Musk replaced his Twitter biography with “#bitcoin. “That alone might not be so attractive; After all, Musk has already expressed interest in Bitcoin and cryptocurrencies, but Musk continued with a cryptic tweet that could imply that he bought Bitcoin.
“In retrospect, it’s inevitable,” Musk tweeted.
– Elon Musk (@elonmusk) January 29, 2021
It can mean anything. This may be similar to DOGE, a cryptocurrency joke that Musk is a fan of and that he recently tweeted, or it may be similar to anything that is similar to cryptography.
However, the Twitter cryptocurrency without delay began to speculate on Musk’s acquisition of Bitcoin, or even about Tesla making an investment, some of its currencies are stacked in the cryptocurrency. Software company MicroStrategy has invested an abundant amount of coins in Bitcoin in recent months, and its CEO. Michael Saylor said Bitcoin is a better choice for currencies for corporate bookings.
– Michael Saylor (@michael_saylor) December 20, 2020
In December, Saylor presented Musk, via Twitter, with a recommendation on how to buy giant amounts of Bitcoin on behalf of a company.
At this point, we don’t know exactly what Musk referred to in his last tweet, or whether he or Tesla owns or plans to own a Bitcoin, but that didn’t stop speculators from increasing the value of Bitcoin by 19% by less than an hour, from about $32,000 to just under $38,000. The bomb now collapsed and the value is around $36,000.
– Alex Kroger (@krugermacro) January 29, 2021
Musk’s tweet came at an incredibly volatile and, frankly, fair moment for money markets. First, this came after a primary expiration of functions for Bitcoin, which probably facilitated the movement of value in both directions.
In addition, Musk’s comments came in the midst of an industry war between a Reddit industry organization and large hedge funds, which took GameStop’s percentage value to unprecedented levels. The war continues, with volatility forcing some trading platforms, adding Robinhood, to temporarily stop. acquisition of GameStop and several other percentages.
Musk is no stranger to the devastation in money markets. His notorious “privatize Tesla” tweet boosted the company’s stock upwards, placing Musk on the U. S. Securities and Exchange Commission.
Disclosure: The content of this text has, or has recently owned, a number of cryptocurrencies, adding BTC and ETH.