There are people who should be given access to social media. These include the president of the USA Donald Trump, but also a well-known businessman. Yeah, it’s Elon Musk. He dropped a new atomic bomb on Twitter yesterday, guilty of God Bitcoin. “Bitcoin is not my security password.”
Elon Musk doesn’t think about BTC in intimate situations?
Musk used the phrase “safe word” in his tweet (you guys google yourself what’s going on, if you don’t know it, we’re ashamed to explain it to you).
Bitcoin is *not* my safe word
— Buff Mage (@elonmusk) January 10, 2020
During one of the Polish stands a performer suggested that the biggest problem of social media is that people decided that they should publish everything they think about in them. And there is a lot of truth in that, and Musk is a great example of that. The truth is that it’s hard to even figure out what the new tweet is about (you know, the text about the atomic bomb in the introduction was written with a wink in the eye).
Anyway, the price of Bitcoin did not react to this tweet. If Musk had written on Twitter: “buy BTC,” maybe it would have been a different story.
Musk loves BTC?
Much as he often jokes about Bitcoin and other crypts, Musk himself is rather a fan of new technologies and blockchain. He already joked that he would like to become CEO of Dogecoin, another time he mentioned something about Ethereum. As you can see, he keeps his hand on the pulse and is interested in what is happening on the market.
During the ARK Invest podcast, Musk also said that he thinks Bitcoin’s structure is “quite brilliant”, then he added that Ethereum and “maybe some other” cryptographers also have advantages. He admitted, however, that he is not a fan of Bitcoin’s Proof of Work (PoW) algorithm, noting that this is a very energy-intensive process.
Nevertheless, it’s good that the creator of Tesla and one of the most ugly cars in the history of the world mentions cryptocurrency from time to time. Today, his Twitter account follows about 31 million ushers. Thus, each of his posts leads to an increase in awareness among Internet users about BTC.