Musk's Infamous "Buy Bitcoin" Tweet Turns 6
Six years ago today, Tesla's CEO Elon Musk took to Twitter, asking his then 23 million followers if they were interested in buying some Bitcoin. The post was accompanied by an anime-style image featuring a character wearing a Bitcoin-themed outfit.
At the time, Musk's account was temporarily suspended, sparking speculation about whether the billionaire had been hacked or if it was all just a playful move. This marked Musk's very first mention of Bitcoin on the social media platform, which he later went on to acquire in 2022.
Since that now-iconic tweet, Bitcoin has skyrocketed by nearly 1,000%, currently trading at approximately $67,328, according to CoinGecko.
Musk broke his silence on Bitcoin in January 2020, after a lengthy hiatus, with a cheeky and playful tweet that reignited interest in the cryptocurrency. Tesla made headlines in early 2021 when it purchased $1.5 billion worth of Bitcoin, which further fueled the bull run and catapulted Bitcoin's price past the $50,000 mark for the first time.
However, not long after, Musk's enthusiasm for Bitcoin seemed to cool. Tesla halted Bitcoin payments, citing environmental concerns. This decision led to numerous debates between Musk and Bitcoin supporters on Twitter. In 2021, Musk clarified that he was not Satoshi Nakamoto, Bitcoinâs mysterious creator.
His last mention of Bitcoin on Twitter dates back to May 2022, leaving the community wondering if and when the crypto-savvy billionaire will weigh in on Bitcoin again.
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