Elon Musk ‘Buy Bitcoin’ Tweet Hits 6 Years With 1000% BTC Price Surge

Today marks exactly half a decade since Elon Musk captured the attention of the world and posted a BTC symbol, after which its price has risen approximately 1000 percent. It’s been six years since Elon Musk tweeted asking his followers whether they wanted to Elon Musk Buy Bitcoin. Since then, BTC has grown almost a thousandfold in value and continues to rise to this very day. The owner of Tesla could also be the secret weapon for the Dogecoin run-up.

It is now six years since Elon Musk made his famous ‘Bitcoin’ X post. Notably, BTC is up about 1,000% since the world’s richest man was claimed to have made that post in X. Musk has since said little about what he thinks about the flagship crypto. But he is still considered a crypto darling thanks to his affection for the original memecoin – Dogecoin (DOGE).

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Elon Musk Buy Bitcoin Post Is Six Years Old

It has been six years since Musk’s X platform engaged in that famous ‘Bitcoin’ tweet where he asked his followers if they wanted to buy the flagship crypto. This was long before he purchased this social media. However, there are questions about whether the world’s richest man authored the post, given his uncertainty about cryptocurrencies. Since then, the Bitcoin price has up by over 1,000%, and now has become a dream for those who considered Elon Musk’s X post as a joke and invested in BTC.

Since the 2018 X post, Musk has never come out in the open to endorse the flagship crypto. In the earlier part of this year, he said, he wouldn’t endorse Bitcoin or any crypto and that the maximum he could do was discuss them in jest. But he went on to add that there is merit in cryptocurrencies. At the same time, he said that he has a “special liking” for DOGE because he likes dogs and memes.

In any case, it is worth noting that despite the certain scepticism reflected by Musk, both, Tesla and SpaceX, owned one of the flagship cryptos – Bitcoin. CoinGape published an article in the past that Tesla moved out its $760 million BTC into multiple unknown wallets. However, according to the data of Arkham Intelligence, SpaceX keeps 8,285 BTC ($558M) in its public wallet.

Musk’s Impact On Dogecoin Price

Hence,

has shown support but has been indirect – opening for Dogecoin, the foremost meme coin of the cryptocurrency community. To some extent, the Dogecoin price boomed when it enjoyed the frenzy of the 2021 bull run, where Musk seemed to humorously refer to the meme coin. Again Musk could have a major influence on the Dogecoin and this time with his outlined Department of Government Efficiency (D.O.G.E) in the Trump administration.

The names are believed to have been inspired by Dogecoin, particularly the proposed department’s name. Naturally, due to the resemblance between the acronym ‘D.O.G.E’ and the ticker for the meme coin, Dogecoin last week rose to its highest level since late July after the richest man in the world mentioned the acronym ‘D.O.G.E’ during a town hall meeting in Pennsylvania.

He also discussed XRP in a town hall meeting in Pennsylvania. One participant of the audience asked whether he assumed that the XRP Ledger could be integrated into the structures of financial companies later on. He categorically stated that the statement cannot be interpreted as endorsement or non-endorsement of crypto, but he definitely thinks that anything crypto is indeed excellent for freedom.