Bitcoin and other crypto skyrocket: three guesses by whom
Crypto coins such as bitcoin, ether and dogecoin briefly became more valuable on Monday after comments from Elon Musk. The ceo of companies such as Tesla and SpaceX said on Twitter that he owns several digital coins and that he does not intend to sell them.
That Elon Musk has a major influence on crypto prices, became clear earlier. For example, this photo of his dog once caused an extreme rise in the memecoin Shiba Inu (SHIB). Now his comment was less cryptic in nature.
Bitcoin skyrockets after tweet Elon Musk
Elon Musk’s comment caused bitcoin to make up for its 2.9 percent loss in a short period of time. Ether rose 2.3 percent after the message from the Tesla boss, after which profits fell back a bit. Dogecoin’s gain of more than 4 percent was the largest among crypto coins in recent hours.
Elon Musk, the world’s richest person ever, is, as mentioned, no stranger to social media posts about cryptos. Last spring, he said he doesn’t have a dogecoin and would sell it. This coin was once created as a joke in 2013, but was partly embraced by Musk. In October, Musk said he owns bitcoin, ether and dogecoin.
