• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, June 20, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Trending

Elon Musk applauds Bitcoin’s record high before massive fall.

by Sandra Theres Dony
October 21, 2021
in Trending
Reading Time: 2 mins read
0
Elon Musk

Elon Musk

TwitterWhatsappLinkedin

Cryptocurrency and Elon Musk are two inseparable factors. It is an unwritten yet widely accepted fact that the Tesla and SpaceX CEO is a major game-changer when it comes to cryptocurrency. The 20th of October was a sparkling day for Bitcoin as it hit an all-time high, crossing $65,000. The record high once again helped Bitcoin assert its position as the world’s biggest cryptocurrency. And how can this celebration of victory go without a single tweet from the tech mogul and tweet he did. Now, we know that all that high was just a “calm before the storm” because Bitcoin fell by a huge margin on Binance U.S and several other exchanges just hours after. Volatility is a characteristic innate to Bitcoin and any other cryptocurrency. However, let’s not let that rather dark haze cloud this appreciation tweet from Musk. Perhaps, this tweet might be Bitcoin’s way out of this maze. You never know.

You might also like

Telegram Founder, 40, to Bequeath Entire Fortune to Over 100 Children

Elon Musk’s xAI Hit With Lawsuit Over Unpermitted Gas Turbines at Memphis Data Center

Iran Warns Citizens to Delete WhatsApp and Instagram Amid Spy Claims, Meta Denies Accusations

Elon Musk
Elon Musk

A Meme to Applaud

The record surge of Bitcoin was celebrated by Elon Musk with a tweet. The tweet featured a simple meme of a couple in bed, gazing intently at the screen showing the price of Bitcoin and Ethereum, and another cryptocurrency. The meme could be interpreted in multiple ways and detailed analyses could be found in the thread of responses to this tweet. Let us take a look at the tweet.

https://twitter.com/elonmusk/status/1451015695106560000?s=20

Here are a few responses to the tweet.

https://twitter.com/shibaa_token/status/1451050944339210242?s=20

Why are you manipulating the market?

— MMTÜRK(ALAYLI) (@MuratMmturk) October 21, 2021

It seems like Musk is polishing his skills to row two boats simultaneously.

Elon Musk, u are making crypto look like a sustainab!e p¤nzi scheme; One minute u are endorsing Bitcoin, the next minute u are aga!nst it stating environmental concerns. St¤p manipulat!ng the crypto market, u are hurting investors who lose whenever the prices fall. Tweet w!sely.

— Daniel Regha (@DanielRegha) October 21, 2021

It's still early days Elon.

— OKX Intern (@okx_intern) October 21, 2021

Musk might not have, but somebody sure did!

Elon, don’t crash the market again like last time

— Cobb (@AlexCobb_) October 21, 2021

 

Elon Musk and Bitcoin share a rather shaky relationship. Although it started off well, it hit rough tracks pretty soon. Tesla’s revelation that it had bought $1.5 billion Bitcoin in February had a positive impact on Bitcoin. However, this went downhill after Musk put a halt to accepting Bitcoin payments for car purchases stating environmental concerns. Following this announcement, Bitcoin prices fell by 10 percent. However, Musk maintained his stand that he was convinced about the potential of cryptocurrency to redefine the future. However, he wasn’t exactly in agreement about the impact it would have on the environment. Although Bitcoin fell out of favor with Musk, Dogecoin maintained its place as the tech mogul’s favorite and we are well aware of the impact this preference has had on the cryptocurrency. For the uninformed, Bitcoin prices faced an epic decline of up to 87 percent following the record high. Nobody saw the all-time low coming after the all-time high. Well, you never know when the Bitcoin roller-coaster will rise or fall.

Tags: #CryptobitcoinElon Musktweettwitter
Tweet54SendShare15
Previous Post

Future coming Apple watch to feature bands including stretchable blood pressure cuff

Next Post

Facebook admits to letting users share information on human smuggling

Sandra Theres Dony

Content writer at Techstory, dealing with topics, Artificial Intelligence, Virtual Reality and Augmented Reality.

Recommended For You

Telegram Founder, 40, to Bequeath Entire Fortune to Over 100 Children

by Sneha Singh
June 20, 2025
0
Telegram Founder, 40, to Bequeath Entire Fortune to Over 100 Children

Telegram creator Pavel Durov shocked the world with arguably the most bizarre inheritance announcement in history. The 40-year-old billionaire revealed he will split his entire $13.9 billion fortune...

Read more

Elon Musk’s xAI Hit With Lawsuit Over Unpermitted Gas Turbines at Memphis Data Center

by Sneha Singh
June 20, 2025
0
Elon Musk's xAI Hit With Lawsuit Over Unpermitted Gas Turbines at Memphis Data Center

Elon Musk's artificial intelligence firm xAI is in serious legal jeopardy over its Memphis data center operations. The NAACP and the Southern Environmental Law Center sued the company...

Read more

Iran Warns Citizens to Delete WhatsApp and Instagram Amid Spy Claims, Meta Denies Accusations

by Harikrishnan A
June 20, 2025
0
Meta Introduces Ads to WhatsApp Status

In a warning broadcast on national television, the Iranian government has urged its citizens to remove WhatsApp and Instagram from their smartphones, claiming the popular apps are leaking...

Read more
Next Post
Facebook admits to letting users share information on human smuggling

Facebook admits to letting users share information on human smuggling

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?