Elon Musk adds #Bitcoin to his Twitter bio

[icopress]

Elon can also make some money from his influence if he wants. Imagine buying at a low price then tweet something about it to hype the price up then sold at the peak price.

This is not entirely true, because the SEC will view 40 million Twitter followers as potential investors. Thus, potential investors should be aware of Elon's material involvement. Simply put, Elon cannot use his fame to advertise digital assets to his followers. Below is a quote that summarizes the SEC's position, (btw, he also cannot declare that he bought some coins).

McAfee and Watson also allegedly engaged in a separate scheme to profit from a digital asset, secretly accumulating a large position in McAfee’s accounts, touting the digital asset on Twitter while intending to sell it, and then selling McAfee’s holdings as the price rose.

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[Kong Hey Pakboy]

Really now. A lot of people making assumptions just because Elon Musk tweeted something about bitcoin... We should know that that's not how it really works. There may be some factors about it but I think it's not entirely true. Bitcoin is not affected by this kind of factors alone and we know that it can't be controlled by anyone or any organization, even if it is an influencer or a famous one.

[Dhoe]

Elon Musk is the most influential person today in the world of cryptocurrency, perhaps his position as a successful entrepreneur gives a strong enough reason why all the coins that are tweeted with him are so expensive. Almost people believe with Elon Musk and he get great position in cryptcourrency, just his tweet can make doge coin pump above 1000% and better waiting for his tweet next time to get profit again.

[RickDeckard]

It looks like the world has gone crazy «The Elon Effect», I think the SEC's reaction is not far off ... and by the way, Elon removed #Bitcoin from his Twitter biography_.
Mark Cuban

If I had to choose between buying a lottery ticket and #Dogecoin .....I would buy #Dogecoin.  But please dont ask me to choose between it and anything else

Elon Musk

Dogecoin is the people’s crypto

The last well known public figure to "speak" about BTC was actually Jack Dorsey. He made a tweet basically him running a node - https://twitter.com/jack/status/1357588751757627393

While this is not ideal, it certainty isn't bad by itself. For sure we can't really make any kind of provision / prediction what this may mean for Twitter, mainly because the actions (or personal actions) of his CEO doesn't mean the company should follow, but it's always good to see BTC being spread out like that.

A small step, but a good step in the right direction

[icopress]

A small step, but a good step in the right direction

Elon Musk ^{[Thx for the idea to the cult leader]}

I would understand if Elon was preaching about Bitcoin, although maybe his tweets are directed to the US government (which is also not bad). In any case, I suspect that thousands of people will curse the day they bought DOGE at their peak (decided to listen to "investment advice" on Twitter). Below is a rather interesting comment ...

Yes all very interesting. You'll observe that the address first goes live a couple of months (02-05-2019) before Elon's first Doge tweet (end of march 2019). It's possible Musk mentioned DOGE back in 2017 (in FEB and NOV) as there is google trends data for that "elon musk doge" but I haven't found that evidence yet. Personally I don't think it is all coincidence, but yes the evidence is by no means conclusive. Certainly a massive crypto whale of some sort. To own 20% of DOGE which has floated in the top 25-50 coins for years now, and doesn't have an organization, VC, or DAO behind it, is very notable.

[sayaya17]

After a run to the Doge and Bitcoin, where else will Elon Musk go among these nearly thousands of cryptocurrencies. I also want
to wait for the coin especially the one he tweeted later, it will definitely make a  huge profit  again. Elon Musk is  becoming more
and more popular for now, it's because his tweets are always cool.