On February 9, 2021, Bitcoin again hit its all-time high at $47,131.35 according to the data of Coinmarketcap. This is a massive milestone for the whole cryptocurrency industry.
The fact is, did you know that only 0.27% of the global population can own a single Bitcoin each? Well, total Bitcoins are limited to 21 Million. However, there are some interesting facts likely caused this Bitcoin all-time high.
The major fact is the Elon pump. Yes, it is real! He just messing up with cryptocurrencies by Twitter tweets. As you might know, he started tweeting memes about Dogecoin and it also rose to an all-time high.
For Bitcoin, Elon Musk’s owns electric vehicle maker Tesla had added Bitcoin to its balance sheet on February 8, 2021, by showing a $1.5 billion allocation to Bitcoin. It represents 7.7% on gross cash.
With that news, one of the largest social media platforms Twitter went insane on Bitcoin news. There’s another all-time high for social media activity for Bitcoin. According to a report by Cointelegraph, Co-founder and CEO of crypto data provider the TIE, Joshua Frank mentioned there have been 143K tweets over the last 24 hours. And those didn’t come from bot-accounts.
The new records beat the previous one which was 140K tweets within 24 hours.
Reportedly, He left and statement including they are seeing absolutely massive surges across the board in twitter activity, trading, and price movement for altcoins. The all-time high movement can absolutely be attributed to Tesla CEO, Elon Musk. Further mentioned by Frank.