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Bitcoin Rallies After Elon Musk Said “Bitcoin is a Good Thing”

The Kingpin of Main Street has done it again. This time, his mention of “Bitcoin is a good thing” in a audio app broadcast via Clubhouse, brought cheers to the crypto community. Elon Musk also expressed regret that he should have bought Bitcoin many years ago.

Bitcoin surged to a high of US$34,500 almost after the podcast. After hitting a high of US$38,000 last week, Bitcoin has consolidated into the US$32,000 to US$33,000 range. The trigger for last week’s rally was due to Elon Musk who changed his twitter profile to include the word “bitcoin”.

Just earlier today, Ripple’s XRP was rocketing to the moon after some retail investor group formed a telegram channel to create the same “DOGE” rally effect.

It seems that 2021 will be a Power to the People year for investment.

[ Read more: XRP Pumps and Pumps. New Retail Investor Target? ]

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SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

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