2025-02-10 07:47:52

✏️Crypto History Lesson : Elon Musk’s Effect

😮‍💨December 2020
Musk tweets “Bitcoin is as bs as fiat money,” sparking chaos. A month later, he adds #bitcoin to his X bio (formerly Twitter), eventually starting a bull run.

🧐Connection to #bitcoin - January 2021
Two weeks later after the #bitcoin move, Tesla invests $1.5B in BTC. Bitcoin jumps from $44k to $58k, marking the first Musk-Crypto butterfly effect.

🥳February 2021 - Musk Approves Dogecoin
Musk’s single tweet sends Dogecoin up +50% in hours. Its market hits $10B. Later, Musk was accused of manipulation but won the lawsuit in 2024.

🙏May 2021 - Musk And His On And Off Relationship With BTC
Musk says Tesla won’t accept BTC due to environmental concerns, causing a 5% drop. He reassures Tesla won’t sell its BTC holdings. (which they eventually did)

🤨December 2021 - When It All Stopped Being Funny
$DOGE was expected as the new Tesla payment, but only merch could be bought, not cars as announced by Musk. After an initial spike, the price tumbled when buyers realised no Model S would be available for them.

Were your bags ever influenced by Musk? 🤔 ✏️Crypto History Lesson : Elon Musk’s Effect

😮‍💨December 2020
Musk tweets “Bitcoin is as bs as fiat money,” sparking chaos. A month later, he adds #bitcoin to his X bio (formerly Twitter), eventually starting a bull run.

🧐Connection to #bitcoin - January 2021
Two weeks later after the #bitcoin move, Tesla invests $1.5B in BTC. Bitcoin jumps from $44k to $58k, marking the first Musk-Crypto butterfly effect.

🥳February 2021 - Musk Approves Dogecoin
Musk’s single tweet sends Dogecoin up +50% in hours. Its market hits $10B. Later, Musk was accused of manipulation but won the lawsuit in 2024.

🙏May 2021 - Musk And His On And Off Relationship With BTC
Musk says Tesla won’t accept BTC due to environmental concerns, causing a 5% drop. He reassures Tesla won’t sell its BTC holdings. (which they eventually did)

🤨December 2021 - When It All Stopped Being Funny
$DOGE was expected as the new Tesla payment, but only merch could be bought, not cars as announced by Musk. After an initial spike, the price tumbled when buyers realised no Model S would be available for them.

Were your bags ever influenced by Musk? 🤔

ELON-0.03%

S-3.5%

BTC-0.49%

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