2024

Bitcoin

Elon Musk

<ul>
 <li><strong>Elon Musk has sparked excitement in the Bitcoin community by updating his profile picture to “laser eyes,” a bullish symbol for Bitcoin, ahead of the Bitcoin 2024 Conference.</strong></li>
 <li><strong>Industry experts and prominent figures, including Michael Saylor and Scott Melker, have weighed in on Musk’s new profile picture, fueling anticipation of significant announcements at the upcoming Bitcoin conference.</strong></li>
</ul>
<p>Elon Musk has been teasing the Bitcoin community as the world’s richest man updated his profile picture on X with “laser eyes,” a symbol of having a bullish sentiment for Bitcoin. Elon Musk updated his profile picture on Sunday, just a few days before the scheduled Bitcoin 2024 Conference from July 25 -27, where prominent personalities including former US President Donald Trump would be addressing the audience.</p>
<p>As <a href="https://www.crypto-news-flash.com/bitcoin-price-explodes-to-68000-as-donald-trump-might-use-btc-as-strategic-reserve-for-the-u-s/" target="_blank" rel="noopener noreferrer nofollow">reported</a> by CNF, the anticipation around the conference has sparked excitement that Donald Trump might announce making Bitcoin a reserve asset, if he wins the next Presidential race. Dennis Porter, founder of the regulatory advocacy group Satoshi Act Fund, fueled speculation by posting on X about an unverified leak. According to anonymous sources, Porter claims that Trump plans to “announce a USA Bitcoin strategic reserve in Nashville.”</p>
<p>Furthermore, Bitcoin Magazine CEO David Bailey, who’s also organizing the upcoming conference, teased about the event’s impact adding: “I want to apologize in advance for breaking the internet”. While responding to Elon Musk’s new profile picture, Bailey shared a screenshot with the caption “ARE YOU READY?” while hinting at future developments.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">ARE YOU READY</p>
 <p>— David Bailey<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1f5-1f1f7.png" alt="🇵🇷" class="wp-smiley" style="height: 1em; max-height: 1em;"> $0.65mm/btc is the floor (@DavidFBailey) <a href="https://twitter.com/DavidFBailey/status/1815107317958144502?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 21, 2024</a></p>
</blockquote>
<h3 id="crypto-industry-experts-add-fuel-to-the-speculation">Crypto Industry Experts Add Fuel to the Speculation</h3>
<p>Industry reactions were swift and varied. Dennis Porter commented on Musk’s move via X, stating, “HUGE: Signals are showing Elon could be returning to Bitcoin.” Michael Saylor, CEO of MicroStrategy and a vocal BTC proponent, tweeted, “Laser Eyes are back in style. #Bitcoin.”</p>
<p>Renowned cryptocurrency analyst Scott Melker, known as “The Wolf Of All Streets,” speculated about the implications of Musk’s new profile picture, suggesting it could herald a significant announcement: “Musk changes profile pic to laser eyes.”</p>
<p>Fox Business journalist Eleanor Terrett speculated further about Musk’s potential appearance at the conference, considering his ties with Trump and his known interest in Bitcoin: “If this is a teaser for another big guest announcement, I feel like the only person bigger than Trump that could break the internet at this point is Elon Musk. It would make sense too. He’s friends with Trump, loves Bitcoin, and this event is turning out to be the biggest FOMO event in crypto. I’m completely speculating, but it would be super cool to see Elon come to Nashville.”</p>
<h3 id="btc-price-action">BTC Price Action</h3>
<p>The Bitcoin price is likely to experience some volatility going ahead as the Bitcoin conference approaches closer. On Sunday, Bitcoin showed some volatility after Joe Biden announced his exit from the presidential race, per the CNF <a href="https://www.crypto-news-flash.com/joe-biden-drops-out-of-presidential-race-bitcoin-whale-donald-trump-calls-for-all-btc-to-be-produced-in-the-u-s/" target="_blank" rel="noopener noreferrer nofollow">report</a>. As of press time, Bitcoin is trading <span style="color: #ff0000;">0.5</span>% down slipping under $67,000.</p>
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<div class="cryptoboxes" id="mcw-19491" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="bitcoin" data-symbol="BTC" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="month" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
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<p>The political events unfolding throughout this year are likely to drive further volatility in the Bitcoin price and the overall crypto markets.</p>

Bitcoin Community Buzzes Over Musk’s Laser Eyes: What to Expect at Bitcoin 2024 Conference

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Crypto News Flash

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