Tesla CEO Elon Musk up to date his profile image on With a full of life dialogue, this meme symbolizes the bullish sentiment in direction of BTC. The change comes simply days earlier than the Bitcoin 2024 convention is scheduled to happen in Nashville from July 25 to 27, the place high-profile figures together with US presidential candidate Donald Trump will converse.
Anticipation surrounding the assembly intensified final week following rumors that Trump may endorse BTC as a possible reserve asset if elected within the upcoming November presidential election. Dennis Porter, founding father of the regulatory advocacy group Satoshi Act Fund, stir pot Additional, he posted unconfirmed information on
Will Elon Musk attend Bitcoin 2024?
Bitcoin Journal CEO David Bailey, organizer of the upcoming convention, teased the occasion’s impression on social media, saying: “I need to apologize upfront for breaking the web.” Concentrating on Musk ’s new profile image, Bailey shared a screenshot and commented with a sequence of suggestive emojis hinting on the massive improvement: “Are you prepared?”
The business’s response was swift and numerous. Dennis Porter commented on Musk’s transfer through #Bitcoin is again in fashion.
Outstanding cryptocurrency analyst Scott Melker, also referred to as “The Wolf of the Streets,” speculated on the that means of Musk’s new avatar, suggesting it may herald a giant announcement: “Musk will Avatar modified to laser eyes. Bitcoin Journal (Bitcoin Convention) CEO Says Are You Prepared? If that is what I feel, this week is about to get even crazier.
— David Bailey🇵🇷 $0.65mm/btc is the ground (@DavidFBailey) July 21, 2024
Fox Enterprise reporter Eleanor Deal with speculative Additional understanding of the opportunity of Musk attending the convention, given his relationship with Trump and his well-known curiosity in Bitcoin, “If it is a teaser for one more necessary visitor announcement, I really feel like that is the one one higher than Trump in the mean time. It additionally is sensible that the largest one that can break the online is Elon Musk, a good friend of Trump who loves Bitcoin. missed events in cryptocurrencies. I am completely speculating, however it could be cool to see Elon come to Nashville.
Nevertheless, not all observers are satisfied that Musk’s new avatar marks a renewed endorsement of BTC. A well known particular person from the X neighborhood Autism Capital urged that the 2 folks’s new avatars Marc Anderson Elon Musk is emblematic of a broader motion that has nothing to do with Bitcoin: “Each Marc Andreessen and Elon had wartime PFP. It’s a brand new daybreak.
Steven Lubka, head of personal purchasers and household places of work at Swan, additionally mentioned: weighingsupplied a distinct clarification: “Elon’s Lazer eye is downstream of Marc Andreessen and affiliated with e/acc. This isn’t a Bitcoin factor.
At press time, BTC was buying and selling at $67,620.
Featured picture from X, chart from TradingView.com
