Elon Musk Doubles Down on Bitcoin
1 Feb, 2021 CryptoParrot
The crypto world has a new billionaire enthusiast. After years of avoiding the topic, it seems that Elon Musk has joined the crypto world. On Friday, the CEO of SpaceX created a BTC pump by simply changing his Twitter bio to simply "#Bitcoin" and posting shortly afterward that "it was inevitable".
The so-called "Elon Pump" completely reversed the story on BTC, which was trading downwards until that moment. After Musk's public endorsement, the King of Crypto rallied more than 14% in less than an hour and has kept the $32,000 level stable ever since.
His support of cryptocurrencies did not stop with a single tweet. In an audio conversation streamed through the Clubhouse platform, Tesla's CEO made a series of positive remarks about cryptos. Claiming he was "late to the party" but now is a Bitcoin supporter, Musk pointed out that BTC might be "on the verge of getting broad acceptance by conventional finance."
Cryptos acceptance by traditional markets would be a massive boost towards popularization, and with the World's richest person backing it, it seems that Bitcoin has some bright days ahead of itself.
Bitcoin at a Tipping Point?
With increased adoption, major rallies with all-time highs, BTC has certainly been a winner thus far in 2021. Will BTC become the "chosen one" for international trade?…2mins 2 Mar, 2021 CryptoParrot
Demand for crypto debit cards surges 194% in 12 months
As the cryptocurrency sector matures, debit cards are gaining popularity while helping push for mainstream adoption of digital assets. Consequently, interest in crypto debit cards has been growing in recent months. …2mins 24 Feb, 2021 CryptoParrot