Bitcoin surges as Elon Musk changes his Twitter bio to #bitcoin

Bitcoin surged early on Friday after Elon Musk tagged the cryptocurrency in his Twitter biography.

The worth of bitcoin
BTCUSD,
+4.88%
was final up 12.3% at $37,351, in accordance with CoinDesk costs, after the Tesla
TSLA,
-4.34%
chief government appeared to precise help for the cryptocurrency. After altering his Twitter
TWTR,
-1.54%
bio to #bitcoin, he then tweeted “Looking back, it was inevitable.”

Twitter Chief Government Jack Dorsey — a vocal supporter of bitcoin — had the identical bio as Musk early on Friday however it’s unclear when the platform’s founder made the change.

Earlier this week, Musk waded into the battle between brief sellers and retail merchants over videogames retailer GameStop
GME,
+62.52%,
tweeting a hyperlink to Reddit’s WallStreetBets discussion board together with the phrase “Gamestonk!!”

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