December 6, 2022

Elon Musk’s $69K Bitcoin ($BTC) Price Meme Fetches $28,000 in Auction

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Elon MuskElon Musk

Elon Musk shared a”69-420″meme for Bitcoin and Ethereum price on Wednesday when the top cryptocurrency struck a brand-new ATH simply under$67K. The tweet produced a lot of buzz in the crypto twitter provided Musk hasn’t commented much on BTC because the B-Word conference, although he has actually been tweeting about floki and Doge in between.

The meme was simply reposted by the tech billionaire as he has actually done on numerous events in the past, however the original creator of the meme seems to have actually made thousands of dollars because of Musk’s posting. Eva Beylin, the original developer of the meme and she didn’t have any complaints versus Musk for not offering her the due credit. She said,

“The ultimate reward of memeology is for the ultimate meme lord to utilize your meme,”

Beylin minted the prized meme as an NFT and put it up for auction on NFT market Zora and within two days the meme NFT got an offer for fiver covered ETH which is almost worth $20,000 in present price. However, Beylin herself wasn’t the initial creator of the meme template either and therefore she shared 20% of the NFT sale proceeds with the initial meme template developer.

“As a hobby artist, I ‘d never ever be able to reinvest in art or have my art spent for [without NFTs] So, my thing has actually constantly been reinvesting back into NFTs,” Beylin said.

Elon Musk’s Tesla Rakes in Billion Dollar Profit From Bitcoin

Elon Musk’s Tesla was at the center of the Bitcoin Energy FUD in May this year that saw Tesla suspend BTC payment alternative pointing out ecological concerns. At the time, the back and forth between Musk and Bitcoin advocates led to a heated dispute resulting in Musk threatening to offer Tesla’s $1.5 billion BTC purchase.

However, Tesla held onto its BTC during the bearishness and as an outcome, today they have actually made over $1 billion in make money from simply holding BTC on their balance sheet.

The post Elon Musk’s $69K Bitcoin ($BTC) Price Meme Fetches $28,000 in Auction appeared first on Coingape.