Elon Musk’s famous ‘Bitcoin’ 
$66,895It’s been six years since the post ‘ was shared on the X platform. Following this post, the value of Bitcoin increased by nearly 1000%. Although Musk did not explain much about this important cryptocurrency, Dogecoin 
$0.14248It has caused significant fluctuations in the crypto world thanks to its interest in . He has rarely mentioned crypto in the last few years.
The Years of Elon Musk’s Bitcoin Post
It’s been six years since Musk’s famous tweet about Bitcoin on the X platform. This post took place long before he acquired the social media platform.
Would you like to buy Bitcoin? 😉😉
Considering the world’s richest man’s reservations about crypto assets, there are doubts about whether he actually made this post, even though it sounds like a joke. Elon Musk hasn’t been around much since then, and neither has Bitcoin. Since then, the Bitcoin price has risen nearly 1000%; This generated impressive profits for those who tuned in to Musk’s post.
Musk’s Impact on Dogecoin
Elon Musk’s love and indirect support for Dogecoin has had a positive impact on the price of this leading meme coin. Musk’s reference to the meme coin contributed greatly to the rise in 2021. During the SNL Show, DOGE came closer than ever to the $1 target.
Musk’s proposed Department of Government Efficiency (DOGE) under the Donald Trump administration had again caused a recent rise in the Dogecoin price.
Bitcoin Attitude of Companies
Despite Musk’s reservations about Bitcoin, his companies Tesla and SpaceX are known to hold significant amounts of Bitcoin. Tesla has $760 million worth of BTC. SpaceX still continues to hold 8,285 BTC.
Musk’s statements about cryptocurrencies continue to cause fluctuations in the markets. His comments about XRP in particular had recently affected the chart. Musk stated that he believes cryptocurrencies support individual freedom, but did not express clear support or opposition on this issue.
Musk’s relationship with cryptocurrencies poses both opportunities and risks for investors. This may lead to continued fluctuations in the markets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
