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The surge in Bitcoin due to a single tweet

Posted By Damian on News

Once a person said, “Never become a philosopher until you are rich”. But now you see whosoever is rich is followed by the people as a philosopher. Same in the case of Elon Musk. Now, he generates trends on Social media.



For now, Bitcoin is not the only cryptocurrency in this world of ever-changing market trends. This week another cryptocurrency named Dogecoin started as a joke but it managed itself to be a part of the top 10 cryptocurrencies of the world.



Super survival of Bitcoin:



It all caused damage to Bitcoin’s value in the market from almost $42000 to $34500. But Elon Musk plunged into the matter as a super-hero to save Bitcoin. Bitcoin’s value increase by 16% after he changed his Twitter profile to #bitcoin. Bitcoin’s value surged to $38000 by the end of the week..



References



Musk Says He's a Bitcoin 'Supporter,' Buffeting



Bitcoin climbs 15%



Elon Musk-Prompted Bitcoin Price


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