Elon Musk's tweet is certainly a lot surprising about cryptocurrency even the current trend on social media with the hashtag Elon Musk, of course big investors will be sure what Elon Musk said they believe bitcoi will be a valuable asset even as an investment in the future but is this? the price will stick up to $40k?
Some famous people are also now eyeing bitcoin after Elon Musk wrote Bitcoin in his bio. Will this change the finances that hold crypto? or just part of it and it doesn't apply to altcoins? Ah this is a sharp increase in a short period of time.
Wouldn't say it is surprising. As far as I know, Elon Musk is a huge fan of crypto currencies. It wasn't long ago he had his bio set to "Doge Coin CEO". Every time he tweeted a meme about doge coin, we saw a surge in the price. He told everyone to use "signal" and people started investing in the wrong signal stocks, causing it to skyrocket. This time he sets his bio to #Bitcoin, we see more people are now interested in bitcoin. In other words, his actions does have an effect everywhere. Would be stupid to deny it and people know that. Hence, people start investing as soon as they can knowing that others will enter the market to follow the trend.