In a transfer that has ignited fervent dialogue throughout the Bitcoin group, 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 in the direction of BTC. This variation occurred 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 final week, suggesting that Trump would possibly endorse BTC as a possible reserve asset ought to he be elected within the upcoming November presidential elections. Dennis Porter, founding father of the regulatory advocacy group Satoshi Act Fund, stirred the pot additional by posting on X about an unverified leak that Trump plans to “announce a USA bitcoin strategic reserve in Nashville,” citing sources who selected to stay nameless.
Elon Musk Exhibiting Up At Bitcoin 2024?
David Bailey, CEO of Bitcoin Journal, the organizer of the upcoming convention, teased the occasion’s influence on social media, stating, “I need to apologize upfront for breaking the web.” Responding to Musk’s new profile picture, Bailey shared a screenshot and commented with a collection of suggestive emojis, hinting at main developments: “ARE YOU READY?”
Trade reactions have been swift and assorted. Dennis Porter commented on Musk’s transfer by way of X, “HUGE: Alerts are exhibiting Elon may very well be returning to Bitcoin.” Michael Saylor, CEO of MicroStrategy and a vocal BTC proponent, tweeted, “Laser Eyes are again in fashion. #Bitcoin.”
Famend cryptocurrency analyst Scott Melker, also referred to as “The Wolf Of All Streets,” speculated concerning the implications of Musk’s new profile image, suggesting that it may herald a big announcement: “Musk modifications profile pic to laser eyes. CEO of Bitcoin Journal (Bitcoin convention) says ARE YOU READY. If this implies what I believe it does then this week is about to get even wilder.”
— David Bailey $0.65mm/btc is the ground (@DavidFBailey) July 21, 2024
Fox Enterprise journalist Eleanor Terrett speculated additional about Musk’s potential look on the convention, contemplating his ties with Trump and his recognized curiosity in Bitcoin, “If this can be a teaser for an additional huge visitor announcement, I really feel like the one individual greater than Trump that might break the web at this level is Elon Musk. It might make sense too. He’s buddies with Trump, loves Bitcoin, and this occasion is popping out to be the most important fomo occasion in crypto. I’m fully speculating however it could be tremendous cool to see Elon come to Nashville.”
Nevertheless, not all observers are satisfied that Musk’s new profile picture alerts a renewed endorsement of BTC. A distinguished voice from the X group, Autism Capital, recommended that the brand new profile footage of each Marc Andreessen and Elon Musk symbolize a broader motion, unrelated particularly to BTC: “Each Marc Andreessen and Elon have the wartime PFPs. It’s a brand new daybreak.”
Steven Lubka, Head of Non-public Shoppers & Household Places of work at Swan, additionally weighed in, suggesting a special 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 picture from X, chart from TradingView.com
