Quick take:
- Anthony Pompliano sees Tesla and SpaceX adding Bitcoin to their balance sheet
- This comes after Elon Musk changed his Twitter bio to simply read ‘Bitcoin’
- Bitcoin has since rallied from the $32k price area to around $38k
- Back in late December, Michael Saylor had suggested that Elon convert Tesla’s balance sheet to Bitcoin
Popular Bitcoin bull and crypto personality, Anthony Pompliano, has forecasted that it is ‘now inevitable’ that Tesla and SpaceX will add Bitcoin to their Balance sheet. Below is the tweet by Mr. Pompliano making the bullish remarks regarding the future of Bitcoin, Tesla and SpaceX.
Tesla and SpaceX adding Bitcoin to their balance sheet is now inevitable.
— Pomp 🌪 (@APompliano) January 29, 2021
Elon Musk Changes His Twitter Bio to ‘Bitcoin’
Mr. Pompliano’s comments were in response to Elon Musk changing his Twitter bio to simply read ‘Bitcoin’. Mr. Musk went on to Tweet a cryptic message that read ‘In retrospect, it was inevitable’. Below is a screenshot of Elon’s current Twitter bio together with his most recent tweet.
Elon’s Twitter Bio Propels Bitcoin Towards $38k
Elon Musk’s actions on Twitter had an instant effect on the price of Bitcoin. Before the crypto-verse was made aware of the changes he had made, Bitcoin was consolidating around the $32k price area.
At the time of writing, Bitcoin is trading at $37,600 (a 17.5% increment) which is $400 shy of the important $38k resistance zone. If Bitcoin can break this short term resistance area, it could very well be on a path towards $50k with the new month of February.
Michael Saylor had Pitched Bitcoin to Elon Musk
Elon Musk embracing Bitcoin on his Twitter bio comes a few weeks after the CEO of Microstrategy, Michael Saylor, suggested that he convert the Tesla balance sheet from USD to BTC. Mr. Saylor’s recommendation was in response to Elon Musk Tweeting a meme on Bitcoin and can be found below.
If you want to do your shareholders a $100 billion favor, convert the $TSLA balance sheet from USD to #BTC. Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor.
Elon Musk Responds to Stock Brokers Halting Trading of GME and AMC
Elon Musk embracing Bitcoin might also be as a result of popular stock market brokers, including Robinhood, halting the trading of Gamestop (GME) and AMC Entertainment Holdings (AMC), due to retail traders pumping them in unison via the Wall Street Bets Community. These events led Elon Musk to tweet the following.
u can’t sell houses
u don’t own
u can’t sell cars
u don’t own but
u *can* sell stock
u don’t own!?
this is bs – shorting is a scam
legal only for vestigial reasons
