CandleFocus

Bitcoin Has Surged Over 1,000% Since Elon Musk’s First Tweet on BTC

Six years ago, Elon Musk mentioned Bitcoin on social media, sparking a surge in the cryptocurrency's value. At the time, Bitcoin was trading at $6,400, and since Musk's endorsement, it has increased by over 1,000%. Bitcoin reached an all-time high of $73,750 in March 2024, reflecting a growth of approximately 1,052% from when Musk made his endorsement. Musk has reinforced his support for Bitcoin over the years, particularly when Tesla started accepting it as payment for cars. However, Tesla later discontinued accepting Bitcoin, but the company still holds a significant amount of Bitcoin.

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