This Friday morning, we can see that Elon Musk tweeted about Bitcoin again and posted an innuendo-filled tweet joking that Bitcoin is “not” his safe word. If you are new to all of this, the cryptonews show that Musk’s tweet has already gone viral by Crypto Twitter standards and garnered more than 46,000 likes at the time of writing this.
Bitcoin is *not* my safe word
— Elon Musk (@elonmusk) January 10, 2020
Coming straight out of left field, the tweet has unsurprisingly riled up the cryptocurrency community. Bitcoin 2020 is the Twitter account for the event by the same time, which responded to Musk’s random tweet with a thinking emoji – watching the tech billionaire entrepreneur responding with a winky face.
A popular cryptocurrency analyst named The Moon commented as Elon Musk tweeted about Bitcoin again and took everything as an opportunity to promote Bitcoin to Musk’s 30 million followers. He replied to Musk’s quip by posting his thesis on what makes BTC valuable.
Peter McCormack is another prominent analyst known for his posts in the Bitcoin news. He tried to poke Musk into joining him on his podcast. However, the price of Bitcoin has not reacted to the tweet and if Musk tweeted “buy BTC” maybe this would have been a different story. However, he seemingly cannot do this to his previous tweets such as the infamous “Taking Tesla Private at $420” tweet.
Am considering taking Tesla private at $420. Funding secured.
— Elon Musk (@elonmusk) August 7, 2018
Even though he often refers to Bitcoin and other cryptocurrencies. One time, he joked that he was the CEO of Dogecoin during April Fool’s Day in 2019 – and in another event he tweeted “Ethereum” as a joke. Anyways, we can certainly see that Musk is a fan of the technology behind Bitcoin and other digital assets.
According to previous reports, Elon Musk tweeted about Bitcoin a couple of times and from what we can take out, he once said that he thinks Bitcoin’s structure is “quite brilliant” before adding that Ethereum and “maybe some of the others” have merit, too. Musk did not admit, however, that he is not too enamored with Bitcoin and the Proof of Work (PoW) consensus mechanism, noting that this is an energy intensive process.
The Tesla chief executive has also been spotted holding a Bitcoin-related book at a conference, though it is unclear whether or not he was reading it.
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