Coin World News Report:
Today marks the one-year anniversary of Elon Musk’s first public endorsement of Bitcoin on social media, during which time the value of Bitcoin has soared by over 1,000%.
Six years ago, the trading price of Bitcoin was as low as $6,400. Around this time, Elon Musk, the famous tech billionaire, made a witty comment on X (formerly Twitter), asking commenters if they wanted to buy some Bitcoin.
This was Musk’s first mention of “Bitcoin” on his social media account. At that time, Bitcoin was even in a bear market, and a few weeks later its price dropped by about $3,000.
Since Musk mentioned Bitcoin, its price has skyrocketed by 10 times.
Fast forward to today, since Musk first mentioned Bitcoin, its price has increased by over ten times. Prominent figures in the cryptocurrency field continue to commemorate this moment, highlighting the significant rise in the value of Bitcoin over the past six years.
In an article published today on X, Pete Rizzo, editor at Kraken, emphasized Musk’s historic mention. He suggested that Musk cleverly encouraged the public to consider investing in Bitcoin six years ago, which has brought over 1,000% returns to those who took action.
✨ Elon Musk suggests you buy Bitcoin for $6,000 six years ago. Since then, it has risen by 1,000%.