Elon Musk Tweet Favors Cryptocurrency Over Fiat
Musk has in the past compared Bitcoin to fiat currency and frequently tweets about cryptocurrencies
Elon Musk has done it again. Tesla’s CEO was asked what he thinks about the population who are angry with him for the turmoil among cryptocurrencies. Musk tweeted an answer on Saturday stating, “The true battle is between fiat and crypto. On balance, I support the latter.” The BTC price jumped close to $38,000 after Elon’s tweet about where his support goes.
What does Elon Musk do in his spare moments between putting up spaceships and a hyperloop transport system and managing Tesla? He tweets about cryptocurrencies. Every time the billionaire has made a tweet about crypto, he dramatically creates a financial commotion.
His impact is noticeable because he manages two industrial powerhouses, which can arrange to allow cryptocurrency transactions. It is also due to his social media influence and the excessive impression of opinion on cryptocurrency values. With more than 47M Twitter followers, Elon Musk’s tweets get a fair share of public attention.
Musk has in the past compared Bitcoin to fiat currency and frequently tweets about cryptocurrencies that have sent values of Bitcoin and the memecoin DOGE on a roller coaster ride. Regardless of the motivation, Musk is generating a commotion, 280-characters at a time.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Comments
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals