Tesla mastermind Elon Musk has sent the crypto world into a fresh frenzy with his latest Twitter activity – adding bitcoin (BTC) to his profile, and making a comment that scores of dogecoin (DOGE) advocates have taken as a ringing approval of the token. But it seems it was about BTC.
BTC is up by 11% in the past hour, hitting USD 36,054 (09:06 UTC). It jumped by 16% in a day and a week.
At the time of writing, Musk’s profile on the social media platform reads simply “#bitcoin,” and features the bitcoin symbol emoji.
And a cryptic tweet that read, “In retrospect, it was inevitable” appears to have been interpreted by many as a reference to the phenomenal recent performance of DOGE.
DOGE has come out of relative obscurity to rocket into the top 10 tokens per market cap in what appears to be an unprecedented community-led pump for the meme-powered token.
Twitter-based DOGE users have flocked to Musk’s tweet in their droves, posting all-too-familiar meme images of the dogecoin pooch clad in astronaut gear, preparing for a journey “to the moon.”
But some Twitter commenters have claimed Musk’s tweet was actually a reference to his own bitcoin-related profile update – a factor that has quite probably helped the BTC price to skyrocket yet again.
— TULIP FARMER (@Qryptonaut90) January 29, 2021
Musk, a famous Twitter trickster, has dropped hints about his interest in bitcoin and other tokens in the past, suggesting via a meme that he may be open to the idea of bitcoin buying as an investment strategy. Late last year he sparked a Twitter storm by tweeting, “Bitcoin is my safe word” – later going on to say he was “just kidding.”
His firm’s Gigafactory 1 plant in Navada, the United States, reportedly has been fitted with a number of bitcoin ATMs, although Musk claimed that he did not think this was really the case.
Inb4 a “I was just kidding #Bitcoin is just my safe word” tweet and it goes back below 32
$2,000 bleed in hours prior to settlement to suppress the price for expiry.
I would absolutely not fomo long in to $BTC right now because of Elon Musk.
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