elon musk bitcoin

"Does this mean he's buying? He also made a cryptic tweet that says, “In retrospect, it was inevitable.” At the time of writing, his tweet has been liked over 152.6K times, retweeted 22.2K times, and commented on 12.8K times. Bitcoin had closed the day before at $30,023 with a daily high of $31,891, but made a bullish correction today, and is now trading at $37,713. Decentralized Storage Market Launches on Crust Network. The billionaire entrepreneur has about 43.8 million followers on Twitter. The top cryptocurrency surged to a new all-time high above $58,000 on Sunday but fell to just above $46,000 in early trading Tuesday morning. In a discussion on the popular Clubhouse audio chat app, Musk … Start your trading here. Many people on Twitter see Musk’s tweet and profile change as a massive endorsement for bitcoin. Spacex and Tesla CEO Elon Musk changed his Twitter profile to “#bitcoin” on Friday morning. The tweet was made at 3:22 AM EST on Jan. 29 when the price of bitcoin was hovering around $32,212 based on data from markets.Bitcoin.com. Tesla CEO Elon Musk was involved in another Twitter storm overnight, tweeting that Bitcoin is “almost as BS as fiat money” in spite of Tesla’s recent $1.5 billion investment. Or does he simply think it's a good thing," he wrote in a note, adding that Musk's record on Twitter with Tesla shares is "chequered. Disclaimer | Read More: As Redditors flood the stock market, UBS breaks down 6 options strategies investors can use right now to protect their portfolios, It's not quite apparent what the material difference is between Elon Musk having bitcoin in his Twitter bio and not having it there, according to Neil Wilson, chief market analyst at Markets.com. Stock quotes by finanzen.net, Bitcoin surged as much as 15% on Friday after Tesla founder Elon Musk changed his Twitter bio to "#bitcoin.". Elon Musk added #bitcoin to his Twitter bio last week, helping push the digital currency's price up by as much as 20%. From Gold to Greenbacks: A Look at the US Dollar’s Devaluation, Manipulation and Militant Backing. "It is important to note that much of the work being done in the blockchain space has been inspired by these barriers," said Paolo Ardoino, CTO at Bitfinex. Elon Musk called Tesla Inc.’s $1.5 billion Bitcoin bet an “adventurous enough” investment for the company, after one of the industry’s loudest acolytes called out the billionaire’s advocacy of lesser-known Dogecoin. Bitcoin's roller coaster ride continues. Bitcoin jumped as much as 14% on Friday to a two-week high after Tesla Inc chief Elon Musk tagged the cryptocurrency in his Twitter biography. What do you think about Elon Musk changing his Twitter profile to #bitcoin? On Wednesday, his "Gamestonk!!" Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. 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Bitcoin.com does not provide investment, tax, legal, or accounting advice. Bitcoin witnessed a sudden spike to 10-day highs around $37,000 on Friday, after Elon Musk changed his Twitter bio to say 'Bitcoin.' Bitcoin surged as much as 15%, to $38,089.94, on Friday after billionaire Elon Musk updated his Twitter bio to "#bitcoin." Yesterday, the crypto community watched in awe as the Winklevoss Twins met with Barstool Sports founder Dave Portnoy to inform him about Bitcoin. if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } }); The Tesla CEO overtook Amazon CEO Jeff Bezos as the world’s richest man early this month but has since fallen back to second place, according to Forbes’ real-time billionaire list. Elon Musk has changed his Twitter profile to just “#bitcoin.” The Spacex and Tesla CEO also tweeted, “In retrospect, it was inevitable.” The price of bitcoin immediately soared. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Its ascendance is also being driven by advocates for Reddit traders and retail investors. Another billionaire, Twitter CEO Jack Dorsey also has his Twitter profile set to just #bitcoin. Musk later posted a tweet saying: "In retrospect, it was inevitable.". The digital token has … He had repeatedly said before that he only owns 0.25 BTC which was gifted to him by a friend. Made In NYC | Morgan Creek Digital partner Anthony Pompliano commented: Elon Musk, one of the richest men in the world and the greatest innovator of our time, has only one word in his Twitter bio: bitcoin … Tesla and Spacex adding bitcoin to their balance sheet is now inevitable. Elon Musk’s Tesla (TSLA) has purchased $1.5 billion in bitcoin as a treasury reserve asset. 76.4% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our, Sign up here for our daily newsletter, 10 Things Before the Opening Bell, Bitcoin will eventually be a global currency - and a $1 million price target within the next 10 years is 'very reasonable,' Kraken CEO says », 10 things in tech you need to know today », Bitcoin surged as much as 15%, to $38,089.94, on Friday after billionaire Elon Musk updated his Twitter bio to "#bitcoin.". Elon Musk and Snoop Dogg Push Cryptocurrencies to Record Highs Bitcoin and even Dogecoin, which began as a playful experiment, are soaring in value as … Boost to Bitcoin: Elon Musk confirms asteroid mining is a risk to gold prices. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read More: MORGAN STANLEY: Buy these 17 stocks with strong earnings that are expected to outperform into 2022 even if the broader market sinks, Plus500. The singular act of changing his Twitter bio to “#Bitcoin,” has sent the Cryptocurrency up by 11%. Elon Musk has once again changed the course of the crypto market for the better. Moreover since 1971, after being backed by precious metals for decades, American dollars have been ... read more. Bitcoin jumped as much as 11per cent on Friday, touching its highest for 10 days, with traders citing a move by Tesla Inc chief Elon Musk tagging the cryptocurrency in his Twitter biography. Elon Musk, the billionaire chief executive of electric car-maker Tesla TSLA, shook Wall Street this week when he revealed his company had bought $1.5 billion of bitcoin. The digital asset spiked to $38,089.94 following the billionaire's update, after having spent most of the week in a range between $31,000 and $33,000. tweet along with a link to the popular WallStreetBets subreddit also helped power a 157% rally in GameStop's shares. The token hit an all-time high of over $41,000 earlier this month, driven by a record amount of economic stimulus and inflationary fears. ", "Clearly the move is being cheered by the Bitcoin bulls," he said, and called the market's feverish trading around hot securities like Bitcoin and GameStop "risky. His Twitter profile used to display: “Former CEO of Dogecoin.”. Elon Musk's Twitter Bio Update Sends Bitcoin and Memes Flying, Twitter Calls it 'Musk Effect' File image of Elon Musk. Additionally, the company will soon be allowing people to pay for Teslas with bitcoin. Let us know in the comments section below. Musk has been tweeting about bitcoin regularly. Image Credits: Shutterstock, Pixabay, Wiki Commons. 2 min read → Bitcoin rising after such anger against financial elites represents a "beacon of hope for a fairer and more equitable financial system," he said. In Spain, an investment company has begun to promote what they called the “first crypto hedge fund.” The product has been registered in Malta by Avenue Investment Crypto, headed by a crypto advocate, Martin Huete. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Musk wrote simply "#bitcoin" in … The current BTC price stands at $36,965. All rights reserved. Musk simply wrote '#bitcoin' in his Twitter bio on the microblogging site following which the cryptocurrency jumped as much as 14% on Friday to a two-week high. Bitcoin's ascendance is also indirectly being driven by advocates for Reddit traders and retail investors railing against Wall Street's structure and practices of financial markets. Commerce Policy | Disclaimer: This article is for informational purposes only. In December, he pondered about putting some of Tesla’s treasury into bitcoin. It's getting wild out there.". © 2021 Insider Inc. and finanzen.net GmbH (Imprint). Immediately after the tweet, the price of bitcoin shot up and peaked at about $37,803, which was more than a 17% surge before retreating slightly. Investments Allocated Mainly in Bitcoin ... read more. The digital token has hovered in a range between $31,000 and $33,000 for most of the week. ", He also noted that "assets that can be moved this easily by social media, whether Twitter or Reddit, are liable for large intra-day moves and subsequently could be too hot to handle for many. 228 years ago the U.S. dollar was created and ever since then, the national currency has been both powerful and controversial at the same time. Bitcoin jumped 14 percent to a two-week high on Friday after Tesla CEO Elon Musk tagged the cryptocurrency in his Twitter biography. He has also been tweeting plenty about dogecoin and recently participated in a doge pump. Investment Firm Launches the First 'Crypto Hedge Fund' in Spain- Plans to Expand Across Europe, Latin America. Elon Musk has changed his Twitter profile to just “#bitcoin.” The Spacex and Tesla CEO also tweeted, “In retrospect, it was inevitable.” The price of bitcoin immediately soared.

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