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| With the support of Elon Musk Bitcoin rose sharply |
After Elon Musk changed his Twitter bio to #bitcoin (Elon Musk) on Friday, Bitcoin's value rose by more than 20% to $ 38,600, although the price subsequently decreased slightly.
In January of this year, the bitcoin price rose much higher than before. Despite another drop, the coin has crossed $ 40,000 this year.
While users of the RedSit platform are encouraging users to buy shares of troubled game goods companies to disrupt hedge funds, with the release of GameStop, interest in other financial instruments has increased and cryptocurrencies appear to benefit from them.
Since then, nearly all cryptocurrencies have risen sharply, including Dogecoin, a free-to-charge traditional bank dongle that rose 370% last week.
Musk has 43.8 million followers on Twitter and posts influential comments in the market through the platform.
After Musk tweeted the fictional term "Gameston" and a link to stock market discussion group Reddit Wallstreetbets, GameStop shares were up 50% on Tuesday.
Gametonk's incorrect word is a combination of GameStop and the term "smelly," which is often used for stocks on social media.
In December of last year, while chatting with well-known digital currency advocates on Twitter, Musk asked about the possibility of converting large transactions from Tesla's balance sheet into Bitcoin.
Traders also cited positive comments from hedge fund manager Ray Dalio on Bitcoin, which boosted market sentiment.
The founder of investment management firm Bridgewater Associates wrote that the cryptocurrency is an invention of a new type of currency through a computer programmed system, adding that it is an alternative asset similar to gold.
Smaller digital currencies (including Ether and XRP, which tend to sync with Bitcoin) rose 5% and 8%, respectively.
Less than 24 hours ago, the billionaire seemed to be claiming to participate in CD Projekt, causing Cyberpunk 2077's stock price to rise by more than 12%. He previously said on Twitter: Model S Plaid allows riders to play games.