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Elon Musk provoked the growth of bitcoin by his Twitter hashtag

The CEO of Tesla Musk changed his Twitter bio, adding #bitcoin, and provoked the growth of the cryptocurrency by 20%. The media portal CoinDesk writes about it.

This morning, on January 29, Musk added the hashtag “bitcoin” to his Twitter bio and the cryptocurrency began to rise sharply. Plus, he sent out a cryptic tweet in which he said: “In retrospect, I realize it was inevitable.”

At about 3:30 a.m. ET, the cryptocurrency rose from $32,000 an hour to $37,299, and later to $38,020.

Thus, the new value of the cryptocurrency reached its highest in the last 10 days.

This isn't the first time Musk's tweet has led to a jump in the price of an asset. He recently helped continue GameStop's share price rise after business hours on Tuesday, after tweeting "GameStonk" and creating a link to the WallStreetBets Reddit community.

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