Some of those watching Elon Musk's Twitter profile may have noticed that the Tesla creator added the word "Bitcoin" to his "biography" on his profile on the portal. The latter, in turn, is followed by as many as 43.7 million observers. Elon Musk and Bitcoin are buzzwords that have been intermingling more and more often lately. Elon Musk and Bitcoin When the richest man in the world, Elon Musk, writes about Bitcoin, know that something is going on. This time, the Tesla creator dedicated his Twitter description to the king of cryptocurrencies. He did so on Friday, January 29. He simply added the word "Bitcoin." Almost immediately, the cryptocurrency's price spiked. In addition to the above, he published a mysterious post: Some assumed that the tweet was a reference to the surge in the price of Dogecoin (DOGE), which was initiated by traders from r/wallstreetbet. Others, however, believe that it was about BTC. Either way, Bitcoin's price suddenly began to rise. In the 30 minutes after the post was published, the price of BTC rose by 13.9 percent, starting at around $32,194. According to CoinMarketCap data, currently, 1 BTC already costs around $36,200. So far (as of 11:30 a.m.), BTC has cost the most expensive at $37,420, a more than 20 percent increase over the past 24 hours. In contrast, Dogecoin rose 25 percent in December 2020 after Musk published a meme about the controversial cryptocurrency. He previously tweeted about BTC, writing about the digital currency as his "safe word." The richest people are tweeting about BTC However, Musk is not the first billionaire to add the word "Bitcoin" to his Twitter description. The social network's CEO, Jack Dorsey, did the same in mid-2020. Dorsey is also the CEO of Square, the fintech company responsible for the app that also serves Bitcoin users. Almost 80 percent of its revenue came from trading BTC itself. You can always check the current exchange rate of Bitcoin and other cryptocurrencies at bitcoin.co.uk. A place where you can buy BTC and other coins is the BitBay.net cryptocurrency exchange. If you don't have an account on BitBay yet, this article will show you how you can create one efficiently: LINK. Tags bitcoin btc Elon Musk
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