Elon Musk definitely has the art and the way to move the markets with his Twitter account.
On Friday, the billionaire entrepreneur simply marked #Bitcoin followed by his emoji, and the price of the cryptocurrency saw a surge of 14% in the process.
Elon Musk's account is followed by 44 million Twitter users to date.
The cryptocurrency price surged soon after Elon Musk's biography change on Twitter.
Screenshot of the Coindesk site
Last December, the entrepreneur, during an exchange with a supporter of cryptocurrency, questioned the possibility of converting the "large transactions" of Tesla's balance sheet into bitcoin.
READ - In 2020, Bitcoin is taking root in the global currency landscape
Admittedly, the very high volatility of the Bitcoin price does not allow us to affirm with certainty a cause and effect link.
This new episode rather confirms the billionaire's power of influence on the platform, because the examples of statements followed by real effects have multiplied in recent times.
Earlier this week, his tweet mentioning e-commerce company Etsy had seen the stock gain some 18% in a single day.
Elon Musk then specified to have bought there a knitted wool helmet for his dog.
The effect of his declaration of love did not last, and the course fell almost as quickly as it had gone up, but still.
Tuesday, in the middle of the GameStop affair, his tweet "Gamestonk !!"
(a term used to refer to a stock), with a link to the Reddit Wallstreetbets discussion group, participated in the 50% jump in the value of the American company.
Three weeks earlier, Elon Musk had invited his followers to use the Signal encrypted messaging app, following the WhatsApp general terms of service change case.
After him, Jack Dorsey, the boss of Twitter and Edward Snowden will also publicly show their support for the messaging.
Result: the Signal application became the most downloaded on the AppStore and GooglePlay.
And another company, unknown to the battalion, called Signal Advance took advantage of the mistake of certain investors to experience a spectacular jump in its listed share.
Of course, all of its movements are also further proof of the certain dose of irrationality that hangs over all these markets.
The fact remains that they attest to the status of a unique influencer of its kind of the boss of Tesla, who has become the richest man in the world.