Coin World News Report:
Today marks the anniversary of Elon Musk’s first public endorsement of Bitcoin on social media, during which time the value of Bitcoin has skyrocketed by over 1000%.
Six years ago, the trading price of Bitcoin was as low as $6,400. Around this time, the renowned tech billionaire Elon Musk, through his former Twitter account, made a humorous comment asking if anyone wanted to buy some Bitcoin.
This was Musk’s first mention of “Bitcoin” on his social media account. At the time, Bitcoin was even in a bear market, and a few weeks later its price dropped by around $3,000.
Since Musk mentioned Bitcoin, its price has increased tenfold. Fast forward to today, and the price of Bitcoin has risen over ten times since Musk’s initial mention. Prominent figures in the cryptocurrency field continue to commemorate this moment, pointing out the significant surge in Bitcoin’s value over the past six years.
In an article published today by Pete Rizzo, the editor at Kraken, he emphasized the historic mention made by Musk. He suggested that Musk cleverly encouraged the public to consider investing in Bitcoin six years ago, which has resulted in over 1000% returns for those who took action.
✨ Elon Musk suggested you buy Bitcoin for $6,000 six years ago. Since then, it has risen by 1000%.
