June 24, 2021

Elon Musk Changed His Twitter Avatar To Bitcoin: BTC Soars To New ATH Above $56K Immediately

2 min read

The ever-active on social media platforms CEO of Tesla and SpaceX has actually garnered the attention of the crypto community once again by updating his Twitter profile with an avatar of Bitcoin. Just like previous interactions started by Elon Musk, the cost of the property reacted by an immediate sharp boost. Source: Elon Musk’s Twitter Musk is no complete stranger to releasing engaging and somewhat controversial Twitter posts regarding various industries, and his most current favorite seems to

  • be the crypto environment. Minutes earlier, he did it once again by altering his Twitter avatar with the growing craze that includes Bitcoin and said it’s”simply for a day. “Interestingly, Musk had already utilized that exact same avatar back in October 2018. However, Twitter obstructed his account at the time as it believed that it was jeopardized. Nevertheless, the rate of BTC responded in an instant now as it traded at about$54,800 and rapidly spiked – to a brand-new all-time high above$56K. With this$ – 1,500 increase in a matter of minutes, bitcoin’s market capitalization recovered the $1 trillion mark as soon as again.< ul design ="color: # 0e101a; background: transparent; margin-top: 0pt; margin-bottom: 0pt;"> This is actually Musk’s 2nd interaction with the first-ever cryptocurrency today. Earlier, he appeared more negative on the asset, stating that it’s “almost as bs as fiat money,” however adventurous enough for an S&P 500 business.< period design="color: # 0e101a; background: transparent; margin-top: 0pt; margin-bottom: 0pt;" data-preserver-spaces="real" > Additionally, the avatar update is the second profile change that Musk has actually carried out in the previous few weeks to consist of BTC. Previously, the eccentric billionaire put just one word –” #Bitcoin” – on his Twitter bio, which also enhanced the property’s price rather quickly.
  • On January 29, the Bitcoin rate instantly spiked from $ 34K to $ 38K.< li design="color: # 0e101a; background: transparent; margin-top: 0pt; margin-bottom: 0pt;; list-style-type: disc;" > Despite his questionable short-term engagements with the primary cryptocurrency, he appears total bullish on the property as the electrical lorry business that he runs, Tesla, bought $ 1.5 billion worth of BTC in January this year. It’s also worth keeping in mind that some of the most well-known crypto advocates upgraded their Twitter avatars also in a comparable BTC-related style. Those include the host of Keiser Report, Max Keiser, the CEO of MicroStrategy, Michael Saylor, and Anthony Pompliano.