Tesla CEO Elon Musk Just Sent Bitcoin Sharply Higher, Boosting Its Price Over 20%

Elon Musk, the billionaire founder of Tesla

TSLA
who’s ridden the electric car-marker’s soaring share price toward to the top of the world’s rich lists this year, has boosted the price of bitcoin.

The bitcoin price, after dipping under $30,000 per bitcoin this week, suddenly leaped 20% higher after Musk changed his Twitter bio to “#bitcoin” and posted: “In retrospect, it was inevitable.”

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