Elon Musk Changes Twitter Bio to ‘#bitcoin’ After Apparent Nod to Dogecoin With Meme

Elon Musk Changes Twitter Bio to ‘#bitcoin’ After Apparent Nod to Dogecoin With Meme

Fans of meme cryptocurrency Dogecoin rejoiced on Thursday after it was referenced by Elon Musk, but the billionaire CEO caused markets to trend in a different direction on Friday by changing his Twitter bio to promote bitcoin.The change by Musk was enough to cause bitcoin's price to surge by up to 20 percent, CNBC reported as real-time price tracking data from CoinMarketCap showed the value spiked from around $32,000 to more than $37,000 in a matter of hours. At the time of writing, Musk's latest tweet reads: "In retrospect, it was inevitable." But it was not clear if that was directly related to his posts about cryptocurrencies. On Thursday, a tweet from the Tesla and SpaceX boss showed magazine titled "Dogue" that prominently showed a dog on the cover. In the Dogecoin community on Twitter and Reddit, it was interpreted as being yet another nod of support from Musk.The value of Dogecoin, listed on the crypto-markets as DOGE, increased by more than 800 percent on Thursday, reaching about $0.082 per coin according to CoinDesk data. Dogecoin later dropped, priced around $0.05 per coin at the time of writing.The Twitter account of the crypto, which launched as a joke in 2013