Skip to main content

Elon Musk Changes Twitter Profile to Bitcoin, Tweets ‘It Was Inevitable’ — BTC Price Skyrockets

Elon Musk Changes Twitter Profile to Bitcoin, Tweets 'It Was Inevitable' — BTC Price Skyrockets

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.

Elon Musk’s Bitcoin Twitter Profile and Tweets

Spacex and Tesla CEO Elon Musk changed his Twitter profile to “#bitcoin” on Friday morning. 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. The billionaire entrepreneur has about 43.8 million followers on Twitter.

Elon Musk Changes Twitter Profile to Bitcoin, Tweets 'It Was Inevitable' — BTC Price Skyrockets
Elon Musk’s Twitter profile and latest tweet. Source: Twitter

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. 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. The current BTC price stands at $36,965.

Elon Musk Changes Twitter Profile to Bitcoin, Tweets 'It Was Inevitable' — BTC Price Skyrockets
Bitcoin’s price chart on Jan. 29 based on data from markets.Bitcoin.com showing a price spike after Elon Musk changed his Twitter profile to #bitcoin and tweeted, “In retrospect, it was inevitable.”

Many people on Twitter see Musk’s tweet and profile change as a massive endorsement for bitcoin. 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.

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. Another billionaire, Twitter CEO Jack Dorsey also has his Twitter profile set to just #bitcoin.

Musk has been tweeting about bitcoin regularly. He had repeatedly said before that he only owns 0.25 BTC which was gifted to him by a friend. In December, he pondered about putting some of Tesla’s treasury into bitcoin.

He has also been tweeting plenty about dogecoin and recently participated in a doge pump. His Twitter profile used to display: “Former CEO of Dogecoin.”

What do you think about Elon Musk changing his Twitter profile to #bitcoin? Let us know in the comments section below.



from Bitcoin News https://ift.tt/2YnQbjV

Comments

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...

Seven UK Companies Form Cryptocurrency Trade Body

Seven major crypto companies operating in the UK have announced the formation an independent cryptocurrency trade body. The group, Crypto UK, has stated that its principal aim is to “improve industry standards and engage policymakers.” Also Read:   Independent Ratings Agency Alerts Investors About Dangers of Tether Leading Cryptocurrency Companies form Crypto UK Trade Body Seven leading cryptocurrency companies operating the UK have formed an independent trade body tasked with developing self-regulatory standards for the cryptocurrency industry, in addition to “engag[ing] policymakers.” The members of Crypto UK are Coinbase, Etoro, Cex.io, Blockex, Commerceblock, Coinshares, and Cryptocompare – comprising trading platforms, exchanges, asset managers, merchants, comparison websites, and intermediaries from the cryptocurrency sector. “Regulation is Imminent” The Crypto UK chairman and managing director of Etoro, Iqbal Gandham, described the trade body’s mission as “promot[in...

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...