Elon Musk’s Love-Hate Relationship with Bitcoin Continues

Elon Musk’s Love-Hate Relationship with Bitcoin Continues

Tesla’s CEO and Space X founder Elon Musk has been making headlines since the start of 2021. His undeniable psych for the crypto world also didn’t go unnoticed.

Elon has also been part of a few angry tweets of the crypto herd after extending support for Bitcoin than later withdrawing from the same. From his initial support, Bitcoin experienced a whopping five-fold increase from the start of 2021.

While the supreme coin soared to a high of $64,000, one tweet from the second richest man in the world (as of the time of writing) diminished the coin’s price to as low as $30,000.

This result paved way for immense hatred towards Tesla’s founder. Some crypto industries were enraged after Elon made the move of dropping support from the king coin. They claimed that Elon’s citation of Bitcoin mining harming the environment was just baloney. And it was his pump and dump strategy to make a profit.

Furthermore, an array of speculations arose from Mr. Musk’s actions and how he could influence Bitcoin’s price.

Elon made the crypto news again when he changed his Twitter profile picture.

bitcoin heartbroken

Only this time, he didn’t reveal for how long he would keep the profile picture live.

His new profile picture gave room to more speculations. While some of his followers suggested the billionaire was trying to influence the price of the king coin once more, others argued that his interest in the first-ever crypto was restored.

Moreover, Elon shared a tweet, where a proficient crypto analyst, Mr. Whale suggested Bitcoiners were in dilemma about him controlling the price of Bitcoin. The tweet read.

bitcoin heartbroken

At the time of writing, the farther coin has fallen back to $35795 again recording a 0.65% drop in the last 24 hours. The market cap of the supreme coin has also dropped. It’s noted at $680 billion during the writing of this post.

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