— Elon Musk (@elonmusk) March 24, 2021. "Bitcoin is almost as bs as fiat money," Musk tweeted. Tesla CEO Elon Musk on Wednesday tweeted, "You can now buy a Tesla with Bitcoin." Did Elon Musk’s ‘Jet Fuel’ Destroy the Gametop (and Bitcoin)? Elon Musk and Chamath Palihapitiya have been accused of pouring “jet fuel” on the GameStop short squeeze by a Wall Street hedge fund manager. Please see our terms for use of feeds. Why it matters: Musk is going where other companies have failed — trying to transform bitcoin from a speculative investment to a form of payment. Ontario expands vaccine rollout to family doctors, pharmacy pilot to start Friday. On Jan. 26, shortly after GME stock was pumped 91% in a single day, Musk tweeted the phrase “Gamestonk! 3. Elon Musk turns his attention to Dogecoin after short Twitter break originally appeared on Autoblog on Thu, 4 Feb 2021 09:30:00 EST. According to the Glassnode CTO and founder, Rafael Schultze-Kraft, traders on Binance have liquidated a staggering $57 million in Bitcoin futures short positions in just ten minutes. 3. Musk knew the short position in Bitcoin was the largest it had ever been, and he saw another opportunity to build on the Millennial’s rebellion against the established order that began with Game Stop. Click here to find out more about our partners. Tesla founder Elon Musk has sent the price of bitcoin soaring after the billionaire tagged the cryptocurrency in his Twitter bio on Friday.Musk’s move saw the price of bitcoin, which dipped below $30,000 (£21,880) earlier this week, soar nearly 19% to over $37,000 per bitcoin. The Tesla CEO also said that he isn't an investor and doesn't even own any publicly traded stock aside from Tesla. For Elon Musk, whose hatred for short-sellers blazes hot enough to reforge Mjölnir a dozen times over, the millions in losses suffered by shorts after the Tesla CEO changed his Twitter bio to “Bitcoin” must make it feel like Christmas and his birthday rolled into one. Prominent crypto analyst PlanB believes that Elon Musk has bought the dip, while previously the Tesla CEO only admitted to owning 0.25 BTC. It hasn't taken off in the decade-plus that the digital currency has been around. !” accompanied by a link to the WallStreetBets sub-reddit. Elon Musk-Prompted Bitcoin Price Surge Causes Liquidation of $387M in Shorts. In another tweet, Musk said, "Tesla is using only internal & open source software & operates Bitcoin nodes directly. Elon Musk Bitcoin Pump Liquidates Short Positions. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Now, the report has revealed that Elon Musk has sparked the liquidation of $1.2 Billion worth of bitcoin price short. April 16, 2021 Depending on where you stand on the GameStop saga that asked organized retail traders to withdraw $ 6 billion from Wall Street overnight, you might think that someone should either take the matches away from Elon Musk , Or he should give more. — Elon Musk (@elonmusk) February 23, 2021 Schiff’s tweet followed bitcoin’s volatile start to the week, with the cryptocurrency dropping from $58,000 to as low as $46,000 on Tuesday. Depending on where you stand on the GameStop saga, which saw organized retail traders extract $6 billion from Wall Street overnight, you may think someone should either take the matches away from Elon Musk, or give him more. After Elon did that, Bitcoin showed a massive rise, surging from the $32,000 zone to over $36,000. Yup Elon bought the dip. According to the Glassnode CTO and founder, Rafael Schultze-Kraft, traders on Binance have liquidated a staggering $57 million in Bitcoin futures short positions in just ten minutes. Fortunately, Musk has perfected the art of meme marketing, first driving up the price of Tesla stock, then recently dogecoin and bitcoin. Dogecoin. The short list of what you can buy with bitcoin is about to get a tad longer, courtesy of Elon Musk.Why it matters: Musk is going where other companies have failed — trying to transform bitcoin from a speculative investment to a form of payment. Elon Musk and Chamath Palihapitiya have been accused of pouring “jet fuel” on the GameStop short squeeze by a Wall Street hedge fund manager. Depending on where you stand on the GameStop saga, which saw organized retail traders extract $6 billion from Wall Street overnight, you may think someone should either take the matches away from Elon Musk, or give him more. The old guard worked so hard to hold onto power in D.C., Brussels and London in 2020. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency." 1. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the World Wide Web), in whole or in part, is strictly prohibited without the express written permission of Akselerator, LLC, Court Denies SEC’s Request to Disclose Ripple’s Garlinghouse's and Larsen’s Personal Financial Records, MicroStrategy Directors Now Paid in Bitcoin, Bitcoin Reaches New All-Time High of $62,700: Possible Reasons, Multiplays: Blockchain Gaming Reinvented Using NFTs, World's First Ethereum ETF Approved by Canadian Regulators, SEC Goes After Ripple's Foreign Business Partners, Acala and Karura Announce Tie-Up with Gauntlet Network, Robinhood and Coinbase Surpass TikTok, YouTube and Instagram on Apple's U.S. App Store, Dogecoin Storms Into Top 5, Beating Tether, Cardano, and Polkadot, Bitcoiner Max Keiser Explains How DOGE Rally Impacts XRP, ADA, ETH, DOT, Number of Institutions and Individuals Holding Bitcoin Long-Term Skyrockets: Glassnode, Bitcoin Fund Galaxy Digital Hires Ex-Goldman Sachs Michael Daffey to Replace Novogratz, Lagarde on Digital Euro: Consumers Want Privacy Protected But They Don’t Want Anonymous CBDC, Binance Burns Record $595.3 Million Worth of BNB, Reaching New Milestone, Ripple, Binance, Bitfinex Move 160 Million XRP As Interest to Coin Reemerges, Dogecoin's Market Cap Surpasses Southwest Airlines After 300 Percent Pump, Turkey Bans Use of Cryptocurrencies for Payments, CNBC's Jim Cramer Calls Bitcoin "Phony Money" After Cashing Out Half of His Stash, Joe Biden Supports Janet Yellen's Anti-Crypto Stance, Brevan Howard's $5.6 Billion Hedge Fund Gets Into Crypto, Cardano Introduces Registry for Native Tokens, Long-Term Bitcoin Holders Start Accumulating BTC First Time Since It Was $12,000: Glassnode, BlackRock CEO Says Crypto Could Become "Great Asset Class", $25 Million in Bitcoin Lost as Ukrainian Politician Can't Access His Wallet, Here’s What Happened. — Elon Musk (@elonmusk) February 23, 2021 Schiff’s tweet followed bitcoin’s volatile start to the week, with the cryptocurrency dropping from $58,000 to as low as $46,000 on Tuesday. How many gallons of jet fuel does it take to send GameStop, Bitcoin and Dogecoin to the moon? He mentioned that this was the result of "a single word," obviously hinting at Elon Musk adding "Bitcoin" to his Twitter bio line earlier today. The news made headlines immediately. Elon Musk tweeted about GameStop, and the way finance works now is that things are valuable not based on their cash flows but on their proximity to Elon Musk… The news made headlines immediately. Elon Musk has you by the short and curlys. The switch to Bitcoin in the past week even by Elon Musk may be attributed to the appreciation of the decentralized and censor-free provisions of Bitcoin and cryptocurrencies in general. He mentioned that this was the result of "a single word," obviously hinting at Elon Musk adding "Bitcoin" to his Twitter bio line earlier today. This comes after Tesla invested $1.5 billion in Bitcoin in February. He has been in crypto since 2017. An Elon Musk tweet can move markets. The endorsement led to a an instant surge in Bitcoin’s price, with the asset jumping from the $32,000 level to over $35,000 over the span of 15 minutes. Colas examined Elon Musk’s decision to invest in Bitcoin from three angles. 2. Who have provinces pegged to receive COVID-19 vaccines in the coming weeks? Tesla and SpaceX CEO Elon Musk made headlines overnight after updating his Twitter bio to include the Bitcoin hashtag. I’m not Elon Musk’s biggest fan. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. Musk’s announcement has created a major buzz in the crypto space. Tesla’s Bitcoin Buy Is a Reckless, Destructive Troll Elon Musk’s car company quietly bought $1.5 billion worth of Bitcoin while he hyped the digital currency on Twitter. Tesla CEO Elon Musk says he’s “late to the party” on bitcoin, but he’s a supporter now. At press time, BTC is trading at $37,101, as per data from CoinMarketCap. Conduct your own research by contacting financial experts before making any investment decisions. BTC $60,881 ETH $2,389 Elon Musk, Bitcoin, and Michael Saylor are Taking Down the Short Sellers Once and For All!!! Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency. Einhorn said Elon Musk and venture capitalist Chamath Palihapitiya were the real instigators behind the short-squeeze, claiming both had supplied “the real jet fuel” for the pump with their tweets and TV appearances. Did Elon Musk’s ‘jet fuel’ set GameStop (and Bitcoin) ablaze? "You can now buy a Tesla with Bitcoin...Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency," Musk had tweeted. On February 8, electric car maker Elon Musk revealed Tesla’s (NASDAQ:TSLA) US$1.5 billion investment in Bitcoin. This comes amidst the drama that ensued between Institutional short-sellers on Wall Street and a group of Redditors organized in a chatroom dubbed r/wallstreetbets. He mentioned that this was the result of "a single word," obviously hinting at Elon Musk … According to the Glassnode CTO and founder, Rafael Schultze-Kraft, traders on Binance have liquidated a staggering $57 million in Bitcoin futures short positions in just ten minutes. Bitcoin jumps after Elon Musk says Tesla will accept it as payment short by Hiral Goyal / 08:25 pm on 24 Mar 2021,Wednesday The world's largest cryptocurrency Bitcoin on Wednesday briefly regained the $57,000-mark after Elon Musk said Tesla cars can now be bought using Bitcoin. At best, I see him as equal parts huckster and visionary. [ad_1] For Elon Musk, whose hatred for short-sellers blazes sizzling sufficient to reforge Mjölnir a dozen instances over, the tens of millions in losses suffered by shorts after the Tesla CEO modified his Twitter bio to “Bitcoin” it should really feel like Christmas and his birthday rolled into one. April 16, 2021 Depending on where you stand on the GameStop saga that asked organized retail traders to withdraw $ 6 billion from Wall Street overnight, you might think that someone should either take the matches away from Elon Musk , Or he should give more. Elon Musk Says “ Toss a bitcoin to ur Witcher” Elon Musk , the billionaire genius who is quite active on Twitter and is often seen engaging with his followers through memes came to Williams rescue and advised her in his own way and said, “ Toss a bitcoin to ur Witcher” referring to … Elon Musk's $6,000 Bitcoin Pump Just Liquidated $420 Million of Shorts When the Tesla CEO changed his Twitter bio to “Bitcoin,” it pumped its price to $38,000 and squeezed out short sellers. The switch to Bitcoin in the past week even by Elon Musk may be attributed to the appreciation of the decentralized and censor-free provisions of Bitcoin and cryptocurrencies in general. This is a new #Shorts video that YouTube is pushing so apologies for the vertical video if you're on desktop, on mobile, it's cool tho. Image via Twitter. It’s a no-brainer that Elon Musk fans went into herd mentality and started buying Bitcoin. Elon Musk's $1.5 billion bet on bitcoin has exposed Tesla to 'immense' risk that could wipe out its profits, analysts say Harry Robertson Feb 10, 2021, 3:37 AM The 'meme cryptocurrency' is now valued at … Well, again Elon Musk is playing … Now, the report has revealed that Elon Musk has sparked the liquidation of $1.2 Billion worth of bitcoin price short. TRENDING. Arya Stark Asks Twitter About Going Long or Short on Bitcoin, Elon Musk Advised. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency." NEWS . 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