Even though the Bitcoin price is still 4.5% away from reaching the meme-worthy $69,000 level at the time of writing, this is not stopping Tesla CEO Elon Musk from tweeting about the raunchy number.
The eccentric entrepreneur posted a picture of a couple staring at the prices of Bitcoin and Ether from their bed, pushing the two largest coins slightly higher.
As reported by U.Today, Bitcoin peaked just above $67,000 before bulls lost some steam. It is currently changing hands just below $65,000.
Notably, Musk missed the opportunity to mention the $69,420 price tag that could potentially break the internet, according to some crypto influencers.
The number 420 is now commonly associated with Tesla after its boss tweeted about taking the company private at $420 (and got sued by the U.S. Securities and Exchange Commission for doing that). April 20 has since been declared Elon Musk Day by Tesla’s cult-like community.
The number 69 also appears to hold some special significance for Musk based on his earlier tweets.
Last October, the price of the Tesla Model S was changed to (you guessed it) $69,420.
It’s safe to say that the cryptocurrency community can expect more cory 69/420 jokes from the centibillionaire.
Source: https://u.today/elon-musk-sees-bitcoin-price-reaching-69000?__cf_chl_captcha_tk__=pmd_O1zCanWVUx1kNjvXjM0eXcRpu3R_oIRm_56EpAUX3Ho-1634795210-0-gqNtZGzNAxCjcnBszQiR
The eccentric entrepreneur posted a picture of a couple staring at the prices of Bitcoin and Ether from their bed, pushing the two largest coins slightly higher.
As reported by U.Today, Bitcoin peaked just above $67,000 before bulls lost some steam. It is currently changing hands just below $65,000.
Notably, Musk missed the opportunity to mention the $69,420 price tag that could potentially break the internet, according to some crypto influencers.
The number 420 is now commonly associated with Tesla after its boss tweeted about taking the company private at $420 (and got sued by the U.S. Securities and Exchange Commission for doing that). April 20 has since been declared Elon Musk Day by Tesla’s cult-like community.
The number 69 also appears to hold some special significance for Musk based on his earlier tweets.
Last October, the price of the Tesla Model S was changed to (you guessed it) $69,420.
It’s safe to say that the cryptocurrency community can expect more cory 69/420 jokes from the centibillionaire.
Source: https://u.today/elon-musk-sees-bitcoin-price-reaching-69000?__cf_chl_captcha_tk__=pmd_O1zCanWVUx1kNjvXjM0eXcRpu3R_oIRm_56EpAUX3Ho-1634795210-0-gqNtZGzNAxCjcnBszQiR
Elon Musk is really an influential man. He can make the crowd go mad because of his opinion on twitter. No wonder the market has been moving because he has recently just spilled some tea that some of the holders and investors enjoy. I mentioned "some" because not everyone is fond of him and his predictions given his history about saying something negative about bitcoin before. And of course, there are still a lot of people that are doing a legitimate technical analysis than following someone's remarks on the future price position of any coin there is.
I can't really tell if this is bad or good because it can be both. I think you should still have the knowledge and skills needed so that you can know if it's still wise to invest and when to exit. Because most of the time, people get FOMO-ed and later they end up losing instead of gaining. You just have to be careful to avoid regret later on. After all, the final decision is still yours on whether to invest or not.