{"id":114124,"date":"2021-01-29T12:44:17","date_gmt":"2021-01-29T17:44:17","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=114124"},"modified":"2021-01-31T11:12:23","modified_gmt":"2021-01-31T16:12:23","slug":"elon-musk-adds-bitcoin-to-his-twitter-bio-bitcoin-surges-by-20","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-adds-bitcoin-to-his-twitter-bio-bitcoin-surges-by-20\/","title":{"rendered":"Elon Musk Adds \u2018#bitcoin\u2019 To His Twitter Bio, Bitcoin Surges By 20%"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Felon-musk-adds-bitcoin-to-his-twitter-bio-bitcoin-surges-by-20%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=114124&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><span style=\"font-weight: 400\">In an already turbulent and volatile week for the financial markets, with the shorted stock prices of companies like GameStop surging, eyes returned to the world of Bitcoin after Elon Musk added \u201c#bitcoin\u201d to his Twitter bio.<\/span><\/p>\n<p><span style=\"font-weight: 400\">After the CEO of SpaceX and Tesla, Inc., added the hashtag early on Friday morning, Bitcoin prices skyrocketed by as much as 20%, climbing suddenly in the early hours of the morning. According to cryptocurrency site CoinDesk, Bitcoin prices rose $5,000 in an hour to $37,299, increasing further to $37,653 by 8.00 a.m. ET.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In addition to updating his Twitter bio to include #bitcoin, Musk also sent out a \u201ccryptic tweet,\u201d saying, \u201cIn retrospect, it was inevitable.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">In retrospect, it was inevitable<\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1355068728128516101?ref_src=twsrc%5Etfw\">January 29, 2021<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Bitcoin wasn\u2019t the only cryptocurrency to witness sudden changes recently, with the subreddit group SatoshiStreetBets leading investors to <\/span><a href=\"https:\/\/www.cnbc.com\/2021\/01\/29\/dogecoin-cryptocurrency-rises-over-400percent-after-reddit-group-talks-it-up.html\"><span style=\"font-weight: 400\">drive up the price of Dogecoin<\/span><\/a><span style=\"font-weight: 400\">, \u201ca cryptocurrency inspired by the popular \u2018doge\u2019 meme,\u201d with Dogecoin up 800% at one point in the past 24 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Earlier this month, Bitcoin hit an all-time-high of $41,940, and briefly fell below $30,000 last week. The world\u2019s most valuable cryptocurrency is \u201c<\/span><span style=\"font-weight: 400\">still about 13% off its all-time high but up around 25% since the start of the year.\u201d As reported by <\/span><a href=\"https:\/\/www.cnbc.com\/2021\/01\/29\/bitcoin-spikes-20percent-after-elon-musk-adds-bitcoin-to-his-twitter-bio.html\"><span style=\"font-weight: 400\">CNBC<\/span><\/a><span style=\"font-weight: 400\">, \u201cBitcoin more than quadrupled over the course of 2020, with crypto bulls citing increased institutional investment as a driving force of the rally.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Elon Musk has fueled price spikes in the past with his Twitter account, having \u201chelped extend a rally in GameStop\u2019s share price after hours Tuesday, after tweeting \u201cGameStonk\u201d and linking to the WallStreetBets Reddit community.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Gamestonk!! <a href=\"https:\/\/t.co\/RZtkDzAewJ\">https:\/\/t.co\/RZtkDzAewJ<\/a><\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1354174279894642703?ref_src=twsrc%5Etfw\">January 26, 2021<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/www.reuters.com\/article\/us-crypto-currencies\/bitcoin-soars-11-after-elon-musk-namecheck-on-twitter-idUSKBN29Y0ZX\"><span style=\"font-weight: 400\">Reuters<\/span><\/a><span style=\"font-weight: 400\">, \u201c<\/span><span style=\"font-weight: 400\">Shares of fast-growing Polish game developer CD Projekt soared 16% on Thursday after Musk tweeted: \u201cThe esthetics of Cyberpunk are incredible btw\u2026\u201d and \u201conline retailing platform Etsy\u2019s stock jumped 9% on Tuesday right after Musk tweeted: \u2018I kinda love Etsy.\u2019\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">On January 12, Elon Musk \u201c<\/span><span style=\"font-weight: 400\">gave his 42 million Twitter followers a two-word directive\u201d to \u201cUse Signal,\u201d after which investors <\/span><a href=\"https:\/\/www.dailywire.com\/news\/elon-musk-two-word-tweet-sends-wrong-stock-soaring-438\"><span style=\"font-weight: 400\">rushed<\/span><\/a><span style=\"font-weight: 400\"> to buy shares in the wrong company, Signal Advance Inc., \u201ca small Texas-based company that manufactures devices used to diagnose health issues.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Use Signal<\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1347165127036977153?ref_src=twsrc%5Etfw\">January 7, 2021<\/a><\/p>\n<\/blockquote>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400\">Bitcoin \u2014 a decentralized digital currency \u2014 was invented in 2008, and was first used in 2009 after its implementation was released as open-source software.\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400\">The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <\/span><\/i><a href=\"https:\/\/www.dailywire.com\/subscribe\"><i><span style=\"font-weight: 400\">member<\/span><\/i><\/a><i><span style=\"font-weight: 400\">.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an already turbulent and volatile week for the financial markets, with the shorted stock prices of companies like GameStop surging, eyes returned to the world of Bitcoin after Elon &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1892278,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[4251,4254,4249,4250,4256,4253],"class_list":["post-114124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-adds","tag-bitcoin","tag-elon","tag-musk","tag-surges","tag-twitter"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/114124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=114124"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/114124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1892278"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=114124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=114124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=114124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}