Considering the influence Elon Musk wields currently, it should come as no surprise to anyone that his support towards Bitcoin would raise the latter’s price. On Monday, the Chief Executive of Tesla and the world’s richest person stated that he believed Bitcoin to be quite a good thing. What is surprising is his stand- for Elon Musk has usually been very polarized about cryptocurrency in general. On Clubhouse, an app for social audio, the founder of PayPal mentioned that he was quite late in funding his support to the cryptocurrency- after the craze has shot through the roof.
Elon Musk’s Tweet About Bitcoin- We Are NOT Surprised It Got Viral!
Interestingly, a single statement from this billionaire led to the cryptocurrency surging more than $38,000. And this happened days after Elon Musk changed his Twitter bio to just #bitcoin. One can observe a pattern in Musk’s actions, as just the previous week he was rushing the bandwagon on GameStop. He called it Gamestonk- a popular meme currently coursing through Reddit. He also shares a couple of links- while broadcasting it with wallstreetbets- a group on Reddit.
Elon Musk didn’t just stop there- he also put in his thoughts about Dogecoin. What he stated was quite astonishing- dogecoin was supposedly created as a joke. Ironic then- that every time Musk tweeted about Dogecoin, the value of this meme currency skyrocketed. His first appearance on Clubhouse was certainly memorable- since he brought up Neuralink in his statements. He mentioned how this company had already implanted a monkey’s brain with microchips- so that it could enjoy video games.
The start of 2021 saw Elon Musk jump to the top of the wealthy list- as the share price of Tesla went up. Over the subsequent weeks, he has mellowed down by talking about his other investments.
