Bitcoin surges as Elon Musk changes his Twitter bio to #bitcoin

Last Updated: Jan. 29, 2021 at 7:40 a.m. ET First Published: Jan. 29, 2021 at 6:33 a.m. ET The Tesla chief executive said ‘in retrospect, it was inevitable’ SpaceX owner and Tesla CEO Elon Musk appeared to support bitcoin on Twitter on Friday Pool/Getty Images Bitcoin surged early on Friday after Elon Musk tagged the cryptocurrency in his Twitter biography. The price of bitcoin BTCUSD, +13.19% was last up 12.3% at $37,351, according to CoinDesk prices, after the Tesla TSLA, -3.32% chief executive appeared to express support for the cryptocurrency. After changing his Twitter TWTR, +7.01% bio to #bitcoin, he then tweeted “In retrospect, it was inevitable.” Twitter CEO Jack Dorsey — a vocal supporter of bitcoin — had the same bio as Musk early on Friday but it’s unclear when the platform’s founder made the change. Earlier this week, Musk waded into the battle between short sellers and retail traders over videogames retailer GameStop GME, -44.29%, tweeting a link to Reddit’s WallStreetBets forum along with the word “Gamestonk!!”
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