Elon Musk, who has recently become the richest name in the world, has officially announced that he supports Bitcoin (BTC) as of press hour. Elon Musk 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. Musk, who clearly took the side of the individual investor in the WallStreetBets events that started a few days ago and whose effect is still ongoing, was also effective in the rise in the price of Dogecoin. DOGE has increased by almost 800% since these events started. Elon Musk had fixed the words “Dogecoin” or “CEO of Dogecoin” on his profile in previous years. Musk, who has not given such a signal for Bitcoin before, may have started a serious breakthrough.
Elon Musk Make the Bitcoin Price Green
Bitcoin price moved as expected after Elon Musk’s move. The BTC / USD trading pair was pushing $ 34,000 as of press hour and suddenly saw a 9% increase.
However, it can be said that this is very, very low compared to the 800% increase in the “DOGE operation”, which Elon has recently joined.
Elon Musk had previously received advice to invest in Bitcoin. MicroStrategy CEO Michael Saylor’s proposal on Twitter revealed something even Elon didn’t know. Saylor,
He stated that with net reserves of the company, 1 million dollars of BTC could be bought. Elon Musk stated that he did not even know that such a thing was possible. Now, Elon’s putting the phrase Bitcoin in his profile on Twitter suggests that he may have made such a move.