Photo via Hacker Noon
Today the price of Bitcoin has risen again, and the merit for this is being sprinkled to the CEO of Tesla and SpaceX Elon Musk. He added to his bio on Twitter account # bitcoin₿. He also likely backed it up with a tweet that "it was inevitable."
Musk changed his Twitter bio on Friday morning. He also wrote a mysterious tweet “In retrospect, it was inevitable." While no one knows exactly what the tweet meant, crypto and bitcoin fans took it as a message about bitcoin.
In retrospect, it was inevitable— Elon Musk (@elonmusk) January 29, 2021
At the time of writing, his tweet has received over 363K, 44.7K retweets, and his profile photo and tweet have already been published in all major publications that write about cryptocurrencies. Musk has over 44 million Twitter followers, and among them, there are many who invest in bitcoin.
The tweet and profile changes were made around 3:22 AM EST on January 29, when the price of Bitcoin hovered around $32,200. Right after the tweet, the price of bitcoin skyrocketed, peaking at around $37,803, which was a more than 17% jump. During the day, the price has dropped slightly, and is currently around $37,470.
Many people on Twitter see Musk's tweet and profile change as support for Bitcoin, especially since he has already written about it on numerous occasions, and expressed his interest. Musk also previously admitted that he owns 0.25 BTC that a friend gave him. However, do not forget that these actions can be just a joke, so you should not make any financial decisions based on this.
© 2021, Eva Fox. All rights reserved.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.