In a transfer that has ignited fervent dialogue around the Bitcoin neighborhood, Tesla CEO Elon Musk up to date his profile image on X (previously Twitter) to characteristic the notable “laser eyes,” a meme symbolizing bullish sentiment against BTC. This transformation befell simply days earlier than the Bitcoin 2024 convention scheduled in Nashville from July 25-27, the place distinguished figures, together with US presidential candidate Donald Trump, are slated to talk.
The anticipation across the convention intensified after rumors surfaced closing week, suggesting that Trump may endorse BTC as a possible reserve asset will have to he be elected within the upcoming November presidential elections. Dennis Porter, founding father of the regulatory advocacy workforce Satoshi Act Fund, stirred the pot additional through posting on X about an unverified leak that Trump plans to “announce a USA bitcoin strategic reserve in Nashville,” mentioning resources who selected to stay nameless.
Elon Musk Appearing Up At Bitcoin 2024?
David Bailey, CEO of Bitcoin Mag, the organizer of the approaching convention, teased the development’s affect on social media, declaring, “I wish to express regret prematurely for breaking the web.” Responding to Musk’s new profile symbol, Bailey shared a screenshot and commented with a sequence of suggestive emojis, hinting at primary tendencies: “ARE YOU READY?”
Business reactions have been swift and sundry. Dennis Porter commented on Musk’s transfer by the use of X, “HUGE: Indicators are appearing Elon might be returning to Bitcoin.” Michael Saylor, CEO of MicroStrategy and a vocal BTC proponent, tweeted, “Laser Eyes are again in taste. #Bitcoin.”
Famend cryptocurrency analyst Scott Melker, sometimes called “The Wolf Of All Streets,” speculated concerning the implications of Musk’s new profile image, suggesting that it might usher in a vital announcement: “Musk adjustments profile % to laser eyes. CEO of Bitcoin Mag (Bitcoin convention) says ARE YOU READY. If this implies what I feel it does then this week is set to get even wilder.”
— David Bailey🇵🇷 $0.65mm/btc is the ground (@DavidFBailey) July 21, 2024
Fox Industry journalist Eleanor Terrett speculated additional about Musk’s doable look on the convention, bearing in mind his ties with Trump and his identified pastime in Bitcoin, “If this can be a teaser for every other large visitor announcement, I believe like the one particular person larger than Trump that would wreck the web at this level is Elon Musk. It will make sense too. He’s buddies with Trump, loves Bitcoin, and this match is popping out to be the most important fomo match in crypto. I’m totally speculating however it could be tremendous cool to peer Elon come to Nashville.”
Then again, no longer all observers are satisfied that Musk’s new profile symbol indicators a renewed endorsement of BTC. A distinguished voice from the X neighborhood, Autism Capital, advised that the brand new profile photos of each Marc Andreessen and Elon Musk signify a broader motion, unrelated in particular to BTC: “Each Marc Andreessen and Elon have the wartime PFPs. It’s a brand new morning time.”
Steven Lubka, Head of Personal Shoppers & Circle of relatives Places of work at Swan, additionally weighed in, suggesting a unique interpretation: “Elon’s Lazer eyes are downstream of Marc Andreessen and are e/acc affiliated. This isn’t a Bitcoin factor.”
At press time, BTC traded at $67,620.
Featured symbol from X, chart from TradingView.com