How Elon Musk possibly raised the price of bitcoin.

  • How Bitcoin can be the best asset for your wallet

Elon Musk is one of the most important people that affects not only the cryptocurrency rate, but also the stock value. Any of his statements in recent months are considered in the economic world.

“The community that monitors the rates of currencies, shares, stock exchanges, responds positively to some developments, technologies, such as blockchains. And Elon Musk is the main indicator of the rate of almost all cryptocurrencies, especially bitcoins.
Added the expert.
According to Khudokormov, recently the understanding of cryptocurrency is shifting in a positive direction. People understand that it has already entered our life”.

“Cryptocurrency has entered our lives at the right point. The same main people in development and major world powers accumulate all the news and say that cryptocurrency is good and cannot be denied. This affects the bitcoin rate and makes us understand that cryptocurrency and blockchain are good things that have recently emerged in our lives ”


Bitcoin was valued in December and January. The cryptocurrency did not stop in February. On Tuesday, February 9, she broke the record four times in a few hours. The course started with $ 44,000, then increased by another $ 1,000. A few hours later, the cost of bitcoin rose to $ 47,550,000, exceeding the 48,000 mark.

The Bitcoin advertising campaign came on February 8, following the announcement by American automaker Tesla Elon Musk. He said his company acquired a $ 1.5 billion cryptocurrency and will also continue to invest in digital assets over the long term.

Tesla’s announcement and the subsequent rise in bitcoin prices caused such an increase in commercial activity that major cryptocurrency exchanges, including Binance, Coinbase, Gemini and Kraken, faced technical difficulties.

Quotes in the past few days have increased not only due to Elon Musk’s statements, but also to news about the Ethereum cryptocurrency. She started trading on the Chicago Mercantile Exchange.

Recently, any mention of cryptocurrency by Elon Musk has led to a sharp increase in the rate. In late January, the bitcoin rate was also influenced by the entrepreneur, that is, his post and the bitcoin hashtag on Twitter. That day, the cost of bitcoin exceeded $ 37,000.

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Post Written and created by Bruno Costa