ELON MUSK'S LOVE-HATE RELATIONSHIP WITH BITCOIN

Elon Musk's love-hate relationship with Bitcoin persists.

Elon Musk’s love-hate relationship with Bitcoin persists

Tesla’s founder, Elon Musk, had made big news throughout this year, particularly concerning the crypto-verse. Musk was part of several angry tweets of the crypto community after extending support for Bitcoin [BTC] to withdrawing the same. As a result, the price of Bitcoin witnessed a whopping five-fold increase just from the start of 2021. While the king coin soared to a high of $64K, one tweet from the tech billionaire diminished the coin’s price to a low of $32K.

This paved the way for immense hatred towards the SpaceX founder. Several crypto industry members were enraged after Tesla dropped support for the king coin citing issues pertaining to the environment. An array of speculations started to surface about how Musk could influence the price of cryptocurrencies, particularly Bitcoin.

Once again, Elon Musk made headlines after he changed his Twitter profile picture.

Elon Musk’s new profile picture related to Bitcoin

In February, Elon Musk changed his Twitter profile picture to an anime character; however, this was with a twist. The photo was of a Japanese anime girl with a Bitcoin logo dress. However, he revealed that this picture would stay just for a day. Earlier today, the tech billionaire put up the same image.

Elon Musk

This time, Musk did not reveal how long he would keep this picture.

The picture gave room to an array of speculations. While some suggested that the billionaire was trying to influence the price once again, a few others noted that his interest in Bitcoin was restored.

Additionally, Elon Musk shared a tweet yesterday, where a prominent crypto analyst, Mr.Whale, suggested that Bitcoincoiners were in a dilemma about Musk manipulating the price of Bitcoin. The tweet read,

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At the time of writing, Bitcoin had fallen back to $36K once again as it recorded a 1.34% drop in the last 24-hours. The market cap of the king also slipped. It was noted at $680 billion, during press time.


Hennessy Ajang

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