Elon Musk takes Bitcoin conversations to new highs on Twitter - News-Credit-Mortgage-Coin


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Monday, February 8, 2021

Elon Musk takes Bitcoin conversations to new highs on Twitter

 Following several recommendations from Tesla's CEO Elon Musk, Bitcoin's social sentiment on Twitter has increased. The number of Bitcoin-related conversations on the social media website has exceeded 140,000 in the past 24 hours.

Joshua Frank, co-founder and CEO of crypto data provider The TIE, made the reveal while speaking with Cointelegraph. He pointed out that the new high of 143,000 beats the previous record of 140,000 set on January 3, 2021.

As reported by BTC PEERS, Musk changed his Twitter bio to "#Bitcoin" on January 29th. An act that caused the price of Bitcoin to rise by over 20%. Just yesterday it was discovered that its electric car company Tesla (NASDAQ: TSLA) invested $ 1.5 billion in Bitcoin in January. This brought Bitcoin prices to a high of over 47,000.

With such bold moves, it's no surprise that Musk sparked Bitcoin conversations. Frank commented on the rise in social engagement as follows:

I think it's definitely clear that retail is here. We are seeing absolutely massive spikes across the board in Twitter activity, trading activity and price movements for altcoins that do not affect the institutions. Today's movement can absolutely be attributed to Elon Musk, but BTC's social activity has gotten a rift all year round.

Elon Musk takes Bitcoin
Elon Musk takes Bitcoin

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