Tesla founder Elon Musk managed to make bitcoin prices rise again. Whereas previously the price of this cryptocurrency fell to below $30,000 per chip.
This increase occurred after Musk changed the bio on his Twitter account to #bitcoin and posted a tweet “In retrospect, it was inevitable”.
Quoting Forbes, Musk’s tweet came after the Robinhood application restricted users from GameStop GME-44.3%.
With the ban, traders have flocked to the cryptocurrency market that can be used by everyone, such as Dogecoin or a competitor to bitcoin that was Musk’s previous favorite.
This change in Musk’s Twitter bio has indeed made the price of bitcoin recorded increase and is welcomed by the bitcoin and cryptocurrency communities.
One technology investor and former Coinbase chairman Balaji Srinivasan said that currently bitcoin could be a ‘flag’ for technology.
“All web services will gradually be able to use crypto. Then return to encryption, privacy, peer to peer, individual rights, freedom of expression and decentralization,” he said.
Musk has long been in the cryptocurrency world by using bitcoin and Dogecoin. This week Musk has managed to make bitcoin prices go up and he also said he would never refuse payments in bitcoin. There is even wild speculation that Tesla will add bitcoin to its balance sheet.
Quoted from bitcoin.com on January 28, 2021, the value of bitcoin was recorded at US $ 29,533. Currently, the value of bitcoin has reached $36,850.
