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What Elon Musk’s investment could mean for Twitter’s crypto plans

04/05/2022

Less than a minute

2022.04.05 16:16

What Elon Musk’s investment could mean for Twitter’s crypto plans

Whenever Elon Musk does something on Twitter (NYSE:TWTR), the crypto market moves in response. Publishing a tweet, changing his profile picture or adding “#Bitcoin” on his bio affects the markets — the latter even more so, sending Bitcoin (BTC) price up by 20%. This is why the community lies in anticipation of what Musk‘s Twitter investment could mean for the crypto industry.

Recent filings show that Tesla (NASDAQ:TSLA) CEO Elon Musk purchased a 9.2% stake on Twitter. This makes him the largest stakeholder in the platform. The news instantly pumped Twitter shares by more than 22% in early trading and sent Dogecoin (DOGE) near its two-month highs.

04/05/2022

Less than a minute

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