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Elon Musk Triggers Massive Bitcoin Breakout After Changing Twitter Bio

Elon Musk Triggers Massive Bitcoin Breakout After Changing Twitter Bio


Bitcoin is breaking through a weeks-long slumber thanks to a big shout-out from billionaire tech entrepreneur Elon Musk.

On Friday, Musk modified his Twitter bio to a simple statement – “#Bitcoin”. The price of the top cryptocurrency promptly went vertical, rising from $32,119 to $38,415 at time of publishing.

Musk also joined the recent Dogecoin frenzy, tweeting a picture of the cover of “Dogue” magazine as the meme-centered crypto-asset surged on Thursday.

This is far from the first time Musk has dabbled in the crypto craze. Two weeks ago, he agreed that Bitcoin fixes “inflationary insanity”.

In December, he asked crypto enthusiasts how feasible it was to move large amounts of money using BTC.

Musk has also flirted with Ethereum, stating in 2018 that he wants ETH “even if it is a scam”.

In July of last year, he confirmed he’s not building anything on the smart contract platform, saying he’s neither for nor against it.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Gonin/MicroOne





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