Bitcoin has risen in price by 14% after being mentioned on Twitter by Elon Musk

The head of Tesla only had to mark the hashtag #bitcoin in his account profile, and the world’s largest cryptocurrency rose in price by 10.2% to $ 36,901 as of 13:05 Moscow time, continuing to grow to 14%.

Comments from a billionaire entrepreneur, whose Twitter audience is 43.8 million, often cause changes in stock prices in the market. On the r / WallStreetBets subreddit, which brought together private investors, supporters of the head of Tesla affectionately call him “Papa Musk.” On Tuesday this week, shares of online stores selling video games and game consoles GameStop Corp surged 50%, after Musk wrote on Twitter «Gamestonk !!» along with a link to this group on the Reddit forum. And while Musk most likely wanted to play a trick on investors who thought they could get rich from investing in GameStop, it backfired.

Bitcoin has gained more than 300% in price last year as larger US investors and corporations began investing in cryptocurrency. This month Bitcoin overcame a record level of $ 40,000.