In Retrospect, It Was Inevitable: Elon Musk Pumps Bitcoin to Space


The cost activity is enjoyable, however the bigger relevance has to do with decentralized choices to today’s economic system.

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Last evening, Tesla and also Space X creator Elon Musk transformed his Twitter account to a solitary word: “bitcoin.” He likewise tweeted a puzzling message: “In Retrospect, It Was Inevitable.”

The cost of bitcoin rose following the tweet, as did Google look for “bitcoin.” The cost boosts sold off some $387 million simply put placements.

In this episode, NLW breaks down the marketplace response to Musk, the relevance of the tweet and also why all of it links to the bigger tale of WallStreetBets, Robinhood and also changing economic power.

See likewise: Elon Musk-Prompted Bitcoin Price Surge Causes Liquidation of $387M in Shorts

Image credit score: Kevork Djansezian/Getty Images News