Musk's view on cryptocurrency: not just for fun!
On July 22, Musk changed his account avatar to LaserRay at the request of Chriswinig, a user on the X platform.
Due to the existence of the Bitcoin Meme LaserRayUntil100K (which means that the laser eye avatar will remain until the Bitcoin price exceeds $100,000), this move is seen as Musk's clear support for the cryptocurrency industry again (although he has now changed back to his original avatar).
In 2018, after experiencing a surge in prices at the beginning of the year, ETH gradually fell from $1,410 to less than $300 at the end of August, and industry insiders' belief in ETH and cryptocurrency ushered in the first wave of major tests.
Although Musk's attitude towards cryptocurrency is ambiguous and even mostly ridiculed, he has indeed paid close attention to cryptocurrencies including ETH.
On August 29, Musk tweeted, "At this point in time, even if it's a scam, I want ETH." Although the price of ETH continued to decline and even fell below the $100 mark at the end of the year, Musk's "friendly attitude" towards cryptocurrencies did help promote education and popularization of cryptocurrencies including ETH and BTC to a certain extent.
