Bitcoin pumping because of Tesla boy?

[veleten]

I think the recent price rise of bitcoin stemmed from tensions between the US and Iran. The people of Iran seek an alternative currency to keep their assets amid fears of war, in some local exchanges of Iran bitcoin even reaches $ 25,000.
I remember not having seen a tweet from Elon Musk saying that he supported bitcoin recently, so I think that Elon Musk has not affected the price of bitcoin in recent days.

I think that recent tensions between the US and Iran have no impact on the price
same as Ilon Musks's tweets , zero influence or less
I doubt that anyone takes what Musk says seriously after all of his failures and broken promises
and the stories of some local exchanges putting 25.0004 tags on bitcoin doesn't mean people are buying it

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[buwaytress]

So an almost 2% overperformance is considered explosive growth these days? What's Bitcoin doing 15% on a regular day then? Mega super explosive?

Musk is the kind of guy who calls people paedos when they're busy rescuing children, donates a million to a treeplanting cause on youtube (instead of to a project actually planting trees) and yeah they've all got to be crazy to be successful, so I don't begrudge them that but what exactly has he got to do with Bitcoin?

[rdbase]

Got to be one of the most pathetic and straw grabbing articles so far and there are billions to choose from.

And is the author so dim that he's mistaken all those fake Elons doing 'giveaways' as the real man's support? I most certainly would not be surprised if that were the case.

My sediments exactly!
Didnt they know elon supports doge instead.
He did tweet one time he was the new ceo of doge coin a year ago. I posted about that somewhere around here.

[jhontwis]

Elon Musk is after big dreams. I don't know what kind of affinity it has with Dogecoin. But he tried something fun. What will happen now. One day mankind can colonize Mars. I don't think we can use paper money on Mars.

[sureshnsnet]

The current surge is most probably fueled by the fresh tension mounting up between Iran and US! While a lot of people are actually expecting war, they are also looking for alternatives to safeguard their wealth. As a result, Gold and Bitcoin prices are rising fast!

Yes mate you right the current situation on going between  us vs Iran it will be favorable of investors find the way to make their funds in safe for saving so they are find alternative ways like investing in bitcoin or gold because we can see the price hike in gold around 15% within two days  and some also bitcoin got more than 10% hike now and we can expect more it will depending on the situation.

[yulionoo]

Elon Musk definitely supports bitcoin but I don't remember any recent tweet from him about bitcoin. I belive, the last tweet he made about bitcoin was back in early 2019. Which doesn't have any relation with the current surge! Neither it has any relation with the current car sales of Tesla.

The current surge is most probably fueled by the fresh tension mounting up between Iran and US! While a lot of people are actually expecting war, they are also looking for alternatives to safeguard their wealth. As a result, Gold and Bitcoin prices are rising fast!

Yes, I agree with you that the increase in bitcoin these days has nothing to do with Elon Musk's tweet. His support for bitcoin will not affect the price of bitcoin. I think the current rise in bitcoin is due to the impact of the conflict between Iran and the United States. we know since this conflict heats up the price of gold and oil began to increase. investors will secure their assets to gold and maybe also bitcoin. because I also heard that some Middle Eastern countries will support cryptocurrency.

[Getmon]

This is another lame attempt to attribute the rise of Bitcoin, which is being bought and sold every second all over the world, to someone popular. This is another far-fetched theory trying to connect one man and his little action to the rise of the price of Bitcoin which is affected by so many factors all around us.

[Xxmodded]

How did you know bitcoin pumping because of Tesla Boy and who is Tesla Boy and where his come from, what his reputation can make bitcoin have higher price? I think bitcoin can't manipulated and control by some one else when to make bitcoin pumping or dumping, depend on investor's hand how to make bitcoin way to higher or lower price.

[TEX-LXRY]

No direct correlation between Musk/Tesla and Bitcoin. However, any mention or awareness of Bitcoin and blockchain will increase overall sentiment-which is net positive for the space.

[xZork]

I think the recent price rise of bitcoin stemmed from tensions between the US and Iran. The people of Iran seek an alternative currency to keep their assets amid fears of war, in some local exchanges of Iran bitcoin even reaches $ 25,000.
I remember not having seen a tweet from Elon Musk saying that he supported bitcoin recently, so I think that Elon Musk has not affected the price of bitcoin in recent days.

I think that recent tensions between the US and Iran have no impact on the price
same as Ilon Musks's tweets , zero influence or less
I doubt that anyone takes what Musk says seriously after all of his failures and broken promises
and the stories of some local exchanges putting 25.0004 tags on bitcoin doesn't mean people are buying it

I have seen a lot of analysis saying that the price of bitcoin has increased in recent days due to tensions between the US and Iran, and I really cannot find another reason for the price increase.
However, your opinion is also worth noting, so in your opinion, the price of bitcoin increased in recent days for what reason?

[senne]

Those tweets of Elon Musk were more of a fun thing. Don't take it as him supporting Bitcoin rigorously. Regarding the pump, it has nothing to do with any positive/negative news. Whenever the price pumps up people start relating it to one or other thing. But if you had gone through the technicals, this pump was more than expected.
After testing the support of $6800 multiple times, price was expected to pump up as bears lost the grip.

[Sadlife]

I dont see any links in elon musk contribution to bitcoin pump and also wouldn't it be logical if elon musk's and with his billions of dollars worth of money invest it in his own companies instead, to further develop and support his projects rather than investing to other assets. I think most likely the pump was caused by good fundamentals such as hashrate, bitcoin halving and bitcoin being a safe haven due to uncertainty from rising tensions globally example the coming war between Iran vs Us that could lead to a financial crisis.

[whore-ray]

So suddenly a well known CEO of a huge Company (who is also a Bitcoin Hodler), gets his product to the masses, stocks markets rise and Bitcoin rises with it?

wish it would be so easy, a traders dream. 

[MURONDI]

in my opinion that's not the reason why bitcoin can go up, could be a rise in bitcoin due to the influence of the beginning of the year, but no one knows the exact reason maybe because the price is already saturated.

[Doell]

I see when bitcoin starts to rise a bit ,before that in old altcoin there was a slight rise and then a decrease and same in the old altcoin different name too repeated can't say what this alt ,for sure to grow bitcoin there is a small community has managed use alt profits to grow price of bitcoin mate still nothing to do with musk ,when you look at market then you will surely know its still normal trader behavior

[bobyhodob]

Because elon musk ? Lol i dont think so but if you know how much he have bitcoin . I think bitcoin pumping because it's time to move the market has been bored for almost 3 months before
I don't really know because of what happened but I have a good feeling about this and get ready to welcome bitcoin halving

[bounceback]

Could this be the reason Bitcoin keeps pumping?

Of course, Elon Musk a.k.a. Tesla Boy is supporting Bitcoin at all costs on one of his tweets. Now he has other reasons why, and I think it’s a good thing as well that would really contribute to Bitcoin’s recent pump.

I have never heard that the recent rise in bitcoin prices was caused by Elon Musk. Is that true? but in my opinion it doesn't affect the price of bitcoin at all because the Tesla company is not linked to bitcoin, but I believe the rise in bitcoin prices in the last few days is due to geopolitical conflicts between the US and Iran which caused all investors to move their investments from conventional currencies to bitcoin because they are very worried about economic uncertainty.

[Pamadar]

in my opinion that's not the reason why bitcoin can go up, could be a rise in bitcoin due to the influence of the beginning of the year, but no one knows the exact reason maybe because the price is already saturated.

Or maybe because of the incoming Chinese new year though. Who knows what's happening behind this small rise from the market. But with how the threads title there's no concrete significance between this ideas.
Whatever reason for this current move hopefully it will continue the good bounce and bring much higher value to bitcoin.

[Kemarit]

This is what the media thinks is the reason of the pump:

(1) Elon Musk tweet, obviously as the OP pointed out in the link article
(2) Cyber criminals asking BTC as ransom (ransomware)
(3) US vs Iran looming war.

LOL, crypto journalism is spinning out of control again, how are those three be a contributing factors to the recent growth of the price? There might be whales again, purportedly trying to manipulate the price for all we know. Let's wait and see, maybe we can find "logical" explanation as things settle down in the next 48 hours. But the above are non-factors, IMHO.

[piebeyb]

there are no tweets about bitcoin, I don't know if you want to say he is a Tesla boy, but little did I know he might have bitcoin but in my opinion he separates bitcoin with his company like Tesla, bitcoin goes up apparently not because of Elon Musk maybe because it's time to see Another surprise from bitcoin after a long time waiting for price uncertainty, let's watch well