Will Bitocoin Soar More Because of Musk's action?

btaliat

VIP Contributor
In Elon Musk's tweet yesterday, he threw his weight behind bitcoin. This may be the reason for the slight increment of bitcoins today. Though this is just an assumption but the fact is that there is always some factors that influence the volatility of cryptocurrencies. For instance, the American election and the activites of Donald Trump affected the price of bitcoin.
Also, when Elon Musk bought the dodge coins sow months ago, the price of dodge coins also rose. This is to show that some people's activites at times can determine the price of bitcoins and other cryptocurrency.
My question now is that do you see the price of bitcoin soaring because of the activity of Elon Musk.
 
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