There was a development that caused intense debate in the Bitcoin community: Tesla CEO Elon Musk updated his X (formerly Twitter) profile picture with “laser eyes” symbolizing bullish sentiment towards BTC. This change comes just days before the Bitcoin 2024 conference, which will be held in Nashville from July 25-27. Important names such as US presidential candidate Donald Trump are expected to speak at the conference. Here are the details…
Bitcoin community mobilized with Elon Musk’s move
Rumors that emerged last week increased expectations around the conference. Allegedly, Trump may consider BTC as a potential reserve asset if he wins the presidential elections in November. Satoshi Act Fund founder Dennis Porter, in a post on
Bitcoin Magazine CEO David Bailey, who exaggerated the impact of the upcoming conference on social media, made a statement saying, “I apologize in advance for crashing the internet.” In response to Musk’s new profile picture, Bailey shared a screenshot and wrote, “ARE YOU READY?” along with a series of meaningful emojis. he said. Industry reactions were swift and varied. Commenting on Musk’s move on X, Dennis Porter said, “BIG: Signals show Elon may return to Bitcoin.” MicroStrategy CEO and BTC advocate Michael Saylor said: “Laser Eyes are back in style. #Bitcoin,” he tweeted.
What do experts say?
Famous cryptocurrency analyst Scott Melker, aka “The Wolf Of All Streets”, speculated about the possible consequences of Musk’s new profile picture, suggesting that this change could herald an important announcement: “Musk changed his profile picture to laser eyes. CEO of Bitcoin Magazine (Bitcoin conference) says ARE YOU READY? “If it’s what I think it is, this week is going to get even crazier.” said.
Fox Business reporter Eleanor Terrett speculated about Musk’s possible attendance at the conference, saying, “If this is a sign of another big guest announcement, the only person bigger than Trump who could break the internet at this point is Elon Musk.” It would also make sense. Trump’s friend loves Bitcoin and this event is poised to be the biggest fomo event in crypto. “I’m completely speculating, but it would be great to have Elon come to Nashville,” he said.
BTC move may not happen
However, some observers think that Musk’s new profile picture does not indicate renewed support for BTC. Autism Capital, one of the leading names in the A new dawn.” said. Steven Lubka, Head of Private Clients and Family Offices at Swan, also made a different comment and said, “Elon’s Laser eyes follow Marc Andreessen and are connected to e/acc. “This is not a Bitcoin thing,” he said. As of press time, BTC was trading at $67,620.
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