Elon Musk, Tesla and SpaceX Ceo, has updated his Twitter bio. Musk, who recently became the richest name in the world, he only wrote ‘Bitcoin’ to his bio. He repeated a move similar to a previous move by typing “#Bitcoin” in the profile section of his Twitter account, which is followed by 43.7 million people.
Elon Musk emphasized that this was “inevitable” in his post before fixing the Bitcoin expression on his profile. After this move of Musk, there was a movement in the Bitcoin price. BTC has gained %15 in the past 1 hour.
Similar to Jack Dorsey
Twitter CEO Jack Dorsey, who has since long been a bitcoin supporter, has changed to ‘#bitcoin’ almost one year ago. He is known as one of the biggest advocates of cryptocurrency. Musk’s move is similar to Jack Dorsey. Dorsey also runs Square, another public company focused on payment solutions.
His Tweets Affect the Market
Elon Musk rose to first place in the list of the richest people in the world, thanks to the extraordinary rise in tesla shares. His posts on social media, cause sharp fluctuations in many products in the financial market, including his company’s shares.
Musk, who clearly sided with the individual investor in the WallStreetBets discussions, which still had an effect, was also instrumental in the rise in the price of Dogecoin. DOGE has increased by almost 800% since the inception of these events.
Elon Musk had fixed the words “Dogecoin” or “CEO of Dogecoin” in his previous bio. Musk, who has not given such a signal for Bitcoin before, may have started a serious breakthrough. Bitcoin rose within 1 hour after his tweet seems to be giving this signal.
Elon Musk Asked Micheal Saylor
Last month Elon Musk in a Twitter exchange with Microstrategy CEO Micheal Saylor. Michael Saylor replied to Elon Musk’s funny tweet about bitcoin as ‘If you want to do your shareholders a $100 billion favor, convert the $TSLA balance sheet from USD to #BTC. Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor.’
Musk asked Michael Saylor if it was possible to convert Tesla’s balance sheet to Bitcoin. Elon Musk’s question about this change has sparked speculation. He tweeted that he prefers bitcoin, right after the conversation: “Bitcoin is my safe word.” Also Musk, in his post before fixing the Bitcoin expression to his bio, he wrote, “In retrospect, it was inevitable.”
The crypto money increased by 15% within 1 hour after Elon Musk’s tweet. After the support of Elon Musk, the value of Bitcoin increased from $ 32,000 to $ 36,000 within one hour. The virtual currency is currently trading at $ 37.000