Since the birth of Cryptocurrency, it is in 2020 that we see significant growth and rise in this form of virtual trading. And along with the growth of Crypto, a man who has turned to be the face of it is Tesla’s CEO Elon Musk. As Harshad Mehta ruled the Indian Stock market similarly Elon Musk is Harshad Mehta of the Crypto trading. His statements and tweets are responsible for every possible fluctuation in Bitcoin or Dogecoin trading. Here we will introduce you to every plunge that will be indicative of How Is Elon Musk Influencing Bitcoin And Other Crypto Markets.
Also Read: Top 10 Elon Musk Quotes That Shook The Crypto Market; Have A Look
Let Us See How Is Elon Musk Influencing Bitcoin And Other Crypto Markets
This graph says everything, every of Elon Musk’s tweet has resulted in changing the trend of Bitcoin price every time. This is an unequivocal proof of Elon Musk Influencing Bitcoin And Other Crypto Markets. But not just his statements his emojis too rule the crypto market, isn’t that insane. A single person is globally ruling the crypto trade.
Now let us see how has his statements have influenced the Bitcoin.
“You can now buy a Tesla with Bitcoin” This Tweet Let To a significant rise of bitcoin after a fall
“Cryptocurrency is promising, but please invest with caution!” he tweeted because people were on the footmark of Elon Musk and spending their savings on it and this created great respect for him.
Post this tweet the price of Bitcoin dropped sharply as the graph suggests.
Also Read: Is It Good Or Bad To Invest In Cryptocurrencies In India?
To Sum Up
So these were some of Elon Musk’s tweets that are proof of him being a strong influencer when it comes to online virtual trading over Bitcoin or other cryptocurrencies.
Stay tuned to talepost for more updates on Crypto market.