🚨🚨 Bitcoin's 1,000% Surge Since Elon Musk’s First Tweet! 🚨🚨
Today marks the anniversary of Elon Musk’s first public endorsement of Bitcoin on X (formerly Twitter). Over the past six years, Bitcoin has experienced a stunning surge of more than 1,000%! Let’s break down the impact of this historic moment:
📅 Six Years Ago:
In October 2018, Bitcoin was trading at $6,400 when Musk made his first public comment on Bitcoin, asking a witty question about buying BTC.
Despite being in a bear market back then, this moment signaled the start of a journey that would revolutionize Bitcoin’s place in the financial world.
💥 Bitcoin’s 10X Surge:
Since Musk’s initial tweet, Bitcoin has surged by more than 1,000%, reaching an all-time high of $73,750 in March 2024.
Although Bitcoin trades at $67,500 today, it still reflects an impressive gain of over 900% compared to its price in 2018.
✨ Key Milestones Along the Way:
Tesla's Support: In 2021, Musk’s company, Tesla, began accepting Bitcoin as payment for electric cars, boosting BTC’s visibility.
Hodling Strong: Tesla currently holds 9,720 BTC, valued at over $699 million—a testament to Musk’s continued belief in Bitcoin’s potential.
💡 Musk’s Bitcoin Philosophy:
Musk has repeatedly highlighted Bitcoin’s store of value in an era of negative real interest rates on fiat currencies.
Despite acknowledging some flaws in Bitcoin, he considers it a powerful alternative to traditional money.
🔑 Historical Impact:
In a recent post, Pete Rizzo, editor at Kraken, commemorated Musk’s original tweet, noting how it subtly pushed people to consider investing in Bitcoin—resulting in massive gains for early adopters.
💸 Bitcoin’s Journey:
1,052% growth from Musk’s October 2018 tweet to its all-time high.
Today’s price of $67,500 reflects the transformative power of crypto and how Musk’s endorsement helped shape Bitcoin’s rise.
⚠️ Disclaimer: This content is for informational purposes only and should not be considered financial advice.