Tesla CEO’s Top Tweets Of 2021 That Sent The Crypto Market Crazy

December 30, 2021 admin Dogecoin 0

Tesla’s CEO Elon Musk has been a frequent tweeter about cryptocurrencies. And more often than not, his tweets plus memes surrounding crypto have not just become the talk of the town, but rather toyed with the Crypto market itself. 

With a massive following of over 68 million on Twitter, Elon Musk leaves no stone unturned to leave his followers scratching their heads with his out-of-the-world tweets. And especially when it comes to crypto, it can be rightly said that-As Elon Musk Tweets Go, So Goes The Crypto Market. And that seems true to a great extent too. 

The instant impact that his tweets have on the crypto market often raises questions about the solidity of the market which can be so easily swayed by his tweets. Nonetheless, there have been dozens of tweets by Elon Musk in 2021 too, which sent the crypto market crazy. 

Read on as we look back at some of his top crypto tweets of 2021 and how they impacted the crypto market.

His Undying Love For Dogecoin

Elon Musk has not once, but repeatedly signalled his undying love for the cryptocurrency dogecoin. Especially in the year 2021, Musk tweeted in favour of dogecoin several times. Here are some of his tweets depicting the same.

On 4th Feb 2021, this tweet by him sent the dogecoin price flying nearly 10% within just an hour, and over 50% within a day!

Then on 28th April 2021, Elon Musk referred to himself as the “dogefather”. This tweet preceded his appearance as the host of “Saturday Night Live.” While that tweet, alongside endorsements from billionaire investor Mark Cuban, sent dogecoin prices to surge as much as 30%. Musk’s eventual appearance on SNL, though, led to a dogecoin dip.

Also Read: Elon Musk Says Dogecoin Is Better For Transactions Than Bitcoin

Next, in August 2021, After Mark Cuban, an American billionaire entrepreneur, told CNBC that dogecoin is the best cryptocurrency as a medium of exchange, Musk chimed in on Twitter to say, “I’ve been saying this for a while”. This tweet, which further reinstated his love for dogecoin, resulted in Dogecoin’s price soaring 20% in the next 24 hours.

And that’s not all!

Even recently on 14th December 2021, Elon Musk announced that his electric car maker company Tesla would trial run accepting dogecoin for merchandise. This sent the crypto’s price to jump 43% over the next two hours!

The rollercoaster of decisions surrounding the purchase of Tesla through Bitcoin

In March 2021, Elon Musk had announced in a series of tweets that people could begin buying Tesla with bitcoin, after which the prices of bitcoin rose about 5% after his tweets. He also clarified that amount paid in Bitcoin to Tesla will be retained as Bitcoin, and not converted to fiat currency.

But just after 2 months of announcing this, Musk reneged on the plan. Explaining in a series of tweets, he raised his concerns over the energy usage and impact on the environment related to processing transactions and mining bitcoin. This U-turn by Musk triggered a 17% slump in Bitcoin’s prices.

No, the rollercoaster isn’t over yet! After his U-turn in May 2021 that caused a slump in Bitcoin prices, another tweet by Musk resulted in its prices jumping next month.

In June 2021, he tweeted that Tesla would begin accepting bitcoin once “there’s confirmation of reasonable (~50%) clean energy usage by miners with a positive future trend.” This tweet sent Bitcoin’s price up 8%-12%, reaching a three week high on the next day of his tweet.

Also Read: Elon Musk Trolled Twitter’s Jack Dorsey On Bitcoin, Calling Him Bicurious

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