Elon Musk tweet immortalised on the Bitcoin blockchain

In block 668,197 of the Bitcoin network, the text of one of Elon Musk’s tweets, founder of Tesla and SpaceX, was inserted.

«In retrospect, it was inevitable»

Recorded on the #Bitcoin blockchain in block 668,197. https://t.co/iPCxM2Fz5a pic.twitter.com/9S0NTN0Vpj

— Rafael Schultze-Kraft (@n3ocortex) January 29, 2021

“Looking back, it was inevitable,” he wrote.

Most users viewed this as a continuation of the Dogecoin (DOGE) storyline.

Earlier Musk again supported the cryptocurrency by posting an image of a dog.

pic.twitter.com/a6kmk0PEgM

— Elon Musk (@elonmusk) January 28, 2021

This occurred amid a rapid rise in the coin’s price, sparked by members of the r/SatoshiStreetBets community on Reddit. In 24 hours the cryptocurrency rose roughly tenfold, reaching a new all-time high of $0.078.

The Tesla chief has not been the first to draw attention to DOGE. In July 2020, Musk posted a tweet about the prospects for using Dogecoin technology as a global financial system. The coin rose 17%.

In December the entrepreneur again mentioned the cryptocurrency — DOGE’s price reacted with a rise.

Today, January 29, Musk added the Bitcoin hashtag to the description of his Twitter account, which has 44 million followers. After this the leading cryptocurrency rose by $6,250 in an hour, topping $38,000.

+$6,250 in one hour pic.twitter.com/snWkV7OS9C

— Crypto₿ull (@CryptoBull) January 29, 2021

In the comments on the blockchain-embedded tweet, a user asked Musk to mention Ethereum somehow, apparently hoping for a pump.

“We only need $2,000,” he clarified the target.

On January 19, Ethereum’s price reached a new high of around $1,440. At the time of writing the second-largest cryptocurrency was trading around $1,410 (CoinGecko).

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