The 5 Elon Musk Tweets That Rocked the Crypto World This YearThe billionaire certainly did not hold back this year when it came to his hot takes and cheeky memes.
ByEmily Rella•
It was a year of Tweeting seemingly nonsense from Tesla CEO and billionaire Elon Musk, who often sent the internet into a frenzy with his contentious takes and memes.
But to the dismay (or perhaps pleasure) of many, Musk's social media antics had real life consequences.
Specifically within the realm of cryptocurrency, the billionaire's hot takes often sent valuation of certain coins or stocks plummeting or skyrocketing, depending on what mood he seemed to be in.
Here were 5 of Musk's Tweets this year that shook the market.
That said, BTC & ETH do seem high lol
— Elon Musk (@elonmusk)February 20, 2021
ManyattributedMusk's Tweet from February to Bitcoin dropping nearly 10% to below $53,000 in valuation.
出于好奇,我获得一些ascii哈希撑gs called "Bitcoin, Ethereum & Doge". That's it.
— Elon Musk (@elonmusk)October 24, 2021
As I've said before, don't bet the farm on crypto! True value is building products & providing services to your fellow human beings, not money in any form.
Musk took this hot take following up a Tweet about how he currently was holding no Shiba Inu Coin. As a result, Shibaplummetednearly 7%.
ur welcomepic.twitter.com/e2KF57KLxb
— Elon Musk (@elonmusk)February 4, 2021
Thischeeky memewas more than just a joke the billionaire played on Twitter. He followed the Doge inspired photo with "Dogecoin is the people's crypto" and "No highs, no lows, only Doge." The crypto coin skyrocketed nearly 50% following his Tweets.
Floki Frunkpuppypic.twitter.com/xAr8T0Jfdf
— Elon Musk (@elonmusk)October 4, 2021
This adorable photo of Musk's Shiba Inu dog, Floki, may have seemed like just a quick snap of a beloved pet, but crypto traders thought there was a hidden message about thenamesake coininferred. Over the seven days following this post, the valuation of Shiba jumped nearly 65%.
Tesla & Bitcoinpic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk)May 12, 2021
Muskshook Tesla loversand crypto fans when he announced that his company would no lon ger be accpeting payment in Bitcoin due to environmental concerns. Valuation of the coin plummeted nearly 14%.
