Elon Musk changes his Twitter feed, and drives up the price of Bitcoin.

Elon Musk changes his Twitter feed, and drives up the price of Bitcoin.

The eccentric billionaire keeps playing with the stock market. Elon Musk, Tesla’s boss, added this Friday the mention « #bitcoin » accompanied by the logo of the virtual currency on the organic of
his Twitter account, followed by more than 44 million people.

That was all it took for the price of bitcoin to soar, allowing the cryptomony to exceed the $37,000 mark. The currency’s price soared 17% in 24 hours. By late Friday morning, Bitcoin was trading at $36,861, according to sites specializing in virtual currencies.

A highly volatile currency

Tesla’s boss himself commented on this surge in the price of Bitcoin, saying that « in retrospect, it was inevitable ».

Bitcoin, a highly volatile currency, broke a record in early 2021. In recent weeks, it has almost passed the $40,000 mark, before falling back and stabilizing at around $30,000. In recent months, it has benefited from the growing enthusiasm of large multinationals, in particular the Paypal payment service, which since the end of 2020 accepts exchanges in cryptomoney.

In retrospect, it was inevitable

This is not the first time that the billionaire’s tweets have had such an impact on stock market prices. At the beginning of the week, his tweet mentioning the e-commerce company Etsy had helped the stock gain 18% in a single day.

In early January, after Facebook announced a change in WhatsApp’s general terms of use,
Elon Musk had also invited his followers to use the encrypted messaging application Signal. The effects were immediate: Signal quickly became the most downloaded app on the AppStore and GooglePlay. As a side effect, the share price of Signal Advance, a Texan healthcare company – which is not at all a messaging system – had risen by more than 6,000% between January 6 and 11.

Why is Elon Musk off twitter?

Why is Elon Musk off twitter?

Elon Musk says he’s taking a Twitter break ‘for a while’ His most recent tweets focused on progress made at Tesla’s upcoming production plant in Berlin, his work on SpaceX and projects such as the Neuralink, a brain interface, and singing the praises of Reddit traders pushing GameStop shares higher.

Is Elon Musk twitter real?

Is Elon Musk twitter real?

Elon Musk (@elonmusk) Twitter.

Who is owner of Tesla?

Who is the second richest person in the world?

After a brief stint as the wealthiest person on the planet, Tesla billionaire Elon Musk is again the second-richest person in the world after his fortune fell by nearly $14 billion in one day.

Why is Tesla stock so high?

Tesla’s share price has increased by over 650% in 2020 with several key events helping to lift the company’s stock. In May, Tesla started production at its California factory following a pandemic-related shutdown and legal battle with the state.

What is Elon Musk’s IQ?

What is Elon Musk's IQ?

"Elon Musk IQ is estimated as 155, based primarily on his earlier aptitude tests, his ability to read and apply technical information, and his ability to use numbers to make process changes unique in the history of a complicated industry.

What was Steve Jobs IQ?

Steve Jobs’ IQ was on par with Einstein’s Wai has estimated that Jobs had a high IQ of 160, based upon Jobs having once said that as a fourth grader, he tested at a level equivalent to a high school sophomore.

What is Albert Einstein IQ?

Albert Einstein had an IQ of about 160. A 12-year-old girl in Cheshire County, England, has scored 162 on an IQ test, putting her in the top 99.998 percentile of test takers.

Elon Musk changes his Twitter feed, and drives up the price of Bitcoin.
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