Bitcoin price gets a boost from the world’s richest man, Elon Musk.
The GameStop debacle raised many questions about big parties’ trustworthiness and exchanges, after which more and more people started to claim that decentralization is the future.
Among these people is Elon Musk who is worth nearly $183 billion, according to Forbes making him the world’s richest person. The Tesla CEO included #Bitcoin in his Twitter profile and also wrote “in retrospect, it was inevitable.” A very cryptic message to his 44 million followers, which some may interpret as Musk investing in Bitcoin.
Now see the twit below
In retrospect, it was inevitable
— Elon Musk (@elonmusk) January 29, 2021
However, this tweet and profile change from Elon Musk prompted a new rally on Jan. 29 with price surging from $32,500 to $38,000 in a matter of minutes. The primary questions now are: does this mean the bull market is continuing and will BTC see new all-time highs?
Well, as of the time of publishing this, Bitcoin price is down to $33,730. We still look forward to more updates from the Worlds richest man.