Post
Topic
Board Bitcoin Discussion
Re: Elon Musk adds #Bitcoin to his Twitter bio
by
macson
on 03/02/2021, 16:17:19 UTC
Besides Elon, there are several accounts that I follow on my Twitter that change their bio with the Bitcoin BTC symbol

https://i.imgur.com/tU5jtdP.png

https://i.imgur.com/kSyKP02.png

https://i.imgur.com/8cAgBJ7.png

https://i.imgur.com/h2Ir4e7.png

Elon Musk adding #Bitcoin to his twitter bio does not really influence mass adoption of Bitcoin. It will just made people buy bitcoin without understanding why they are buying it or what bitcoin is  and its purpose in the financial ecosystem. This will just make people lose money since they are just going to invest without knowing that Bitcoin market is very volatile. Not all of his followers have in-depth knowledge about Bitcoin investment and trading.
true to the risks that will be faced by his followers if they buy Bitcoin just because they are inspired by Elon without knowing the risks behind.  but as long as those who buy Bitcoin don't sell their Bitcoin at a low price, the amount of Bitcoin they have will not change, only its value against fiat which fluctuate.