Elon Musk’s tweets result in higher crypto value

Elon Musk

Elon Musk has always been known as a man who makes a huge difference in the market by his tweets. While his old tweet resulted in a fall of the cryptocurrency, the tweet he posted on May 25, 2021, has been totally in favor of Bitcoin all over again. Furthermore, his previous tweets were against the effects of crypto on the environment. At the same time, his most recent one says about managing and handling the matter in a greener and environment-friendly way. The live mint has well reported the details of this. Truly, Elon Musk can shake the entire market just by ty[ing a few words on Twitter.

Elon Musk’s tweet and the market:

A single tweet of Elon Musk has resulted in a 19% advancement of the world’s largest cryptocurrency, Bitcoin. The tweet mentioned how Musk has spoken to the American minors of Bitcoin and how they have promised to make the currency greener by considering the environment and reduce the risks they have always surged on the environment. The same person had caused a sudden fall in the market value of Bitcoin through a tweet saying that Tesla would not take Bitcoins for cars anymore due to the amount of energy and threat it poses on Nature. The tweet was compensated for by another tweet that mentioned the trust of Musk in Bitcoin even after it being not so efficient in the environment. His tweets have surely always affected the market price of Bitcoin and will do so even soon.

The main moto:

The main moto of the Bitcoin minors is to get the best attention of Musk by making environmentally sustainable coins. Their business depends a lot on Elon Musk’s tweets. Thus they would never want to be challenged by those tweets all over again and would try their bests to remain at best influence and as positive outcomes in the view of Musk.

About the Author

Camelia is an intern for PanAsiaBiz studying at the Amity University, Kolkata [B. Tech (biotechnology)]. She is fond of writing on Science, Health, and Biotechnology topics.

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