Bitcoin prices soared as Tesla’s CEO Elon Musk mentioned Bitcoin on his Twitter account.
Musk changed the self-introduction section on his Twitter account to bitcoin on the 28th local time and left the word, “It was inevitable.”
The capital market interpreted Musk’s remarks as a buy signal, and the price of bitcoin soared by 14% to 38,000 dollars apiece and 4246 million dollars in our money.
Yahoo Finance reported that as the price of bitcoin surged, short-selling forces hadtily liquidated 400 billion won worth of supplies to avoid losses.
Yahoo Finance said, “Musk may not have intended to liquidate the bitcoin short sale, but Musk, who did not hide his aversion to the short sale, may have burst a bottle of champagne after seeing the short sale massacre brought by his tweet.”
Musk caused a surge in stock prices by posting tweets referring to specific companies such as’Game Stop’ and’CD Project’, which had short selling forces, and directly attacked hedge funds, saying, “Short selling is a fraud.”
With Musk’s tweet, the share price of certain stocks surged, and the bitcoin market was shaken, and there were voices calling for regulators to intervene, CNBC broadcast said.
Dan Lane, an analyst at the stock information provider FreeTrade, suggested that “Musk moves the market while attacking the short-selling forces, and we need to discuss whether it’s justified.” I don’t mean it.”