Bitcoin is an utterly politically independent cryptocurrency complex with a peer-to-peer network. The peer-to-peer network of bitcoin is subjected to computing capital which is named as nodes.
Despite the fact that bitcoin is a decentralized cryptocurrency, the value of bitcoin is affected to an exceeding extent subsequent to the announcement of government authorities and renowned personalities.
Considering the fact, the tweets of Elon musk have correspondingly affected the value of bitcoin as a tweet of Elon musk in favor of bitcoin surged bitcoin, and a tweet of Elon against bitcoin declined the value of bitcoin and even crashed it. There are websites like www.altcoinsidekick.com which can help you in getting gigantic results in your cryptocurrency journey. Here is an utter timeline of Elon musk’s tweet regarding bitcoin and dogecoin.
Who Is Elon Musk?
Elon musk was the co-founder of PayPal in the very first place, and he acquired an exceeding extent of attention and limelight while being the co-founder of PayPal. Subsequent to an explicit time span, musk decided to sell his share of PayPal. After selling off PayPal, the entire group was parted from each other, and Elon musk blazed the trail of his electronic automobile company named tesla motors.
The fact might amaze you that the foremost events and phases of tesla motors were exceedingly choppy. However, later, people acknowledged the potential of tesla’s company and started utilizing the products and services of his company. Elon musk is claimed to manipulate the value of bitcoin via just his Twitter handle the more; he acquired a threatening video from an anonymous hacking legion. However, the hacker group was not the original or legit anonymous group.
Timeline Of Elon Musk Statement On Bitcoin!
Elon musk passed several bitcoin and its aspect alongside viable components of the bitcoin complex. Elon musk the very first statement in the year 2020 December, he posted a meme regarding bitcoin. As a reply to that explicit meme, the co-founder of micro strategy asked him to invest in bitcoin.
Michael Saylor actually stated that if musk converts the balance sheet of tesla motors from USD to bitcoin, it will turn the entire cryptocurrency market upside. As a reply to the tweet of Michael Saylor, musk tweeted is bitcoin potential enough to carry out that amount of transaction. Subsequent to these incidents on a social media forum named clubhouse, musk supported bitcoin to an exceeding extent.
In December 2020, he announced that tesla motors had invested $1.5 billion in bitcoin. The announcement of Elon musk utterly turned the entire cryptocurrency industry upside down. Subsequent to this incident, the value of bitcoin surged by 15% in the very first event of January 2021.
Tesla Accepting Bitcoin As A Payment Method!
The price of bitcoin was correspondingly boosted by another tweet of Elon musk. In March 2021, Elon musk announced that tesla motors would be accepting bitcoin as a payment method for goods and services. In the tweet, he stated that bitcoin accepted by the tesla motors would neither be converted in any fiat currencies nor any other digital currency. In a nutshell, bitcoin will be retained as bitcoin as per the tweet of Elon musk.
The tweet of Elon musk bitcoin is achieving the highest of all time. After the tweet of Elon musk, bitcoin touched the value of $65000 USD in the midst of April, which highest of all time. However, after reaching the highest point, bitcoin was stuck on average price.
Elon Musk Reversal Tweet!
Elon musk’s reversal tweet shattered the utter cryptocurrency marketplace. On the 13th of May, Elon musk made a shocking announcement regarding bitcoin. The tweet of Elon musk stated that bitcoin is consuming an exceeding extent of power in the mining progression, which harming the environmental aspects extremely.
All the more, it emits coal fuel, which is the worst emission; the tweet was concluded to tesla motors suspending the acceptance of bitcoin as a payment method. Tweet of Elon musk announcing tesla motors not accepting bitcoin as a payment method anymore just declined the value of bitcoin to an exceeding extent. He confronted ample allegations, and after a single week of the tweet, the cryptocurrency market crashed.
This is the timeline of Elon musk’s tweet regarding bitcoin.