Elon Musk has changed its Twitter bio to one word: Bitcoin.
The billionaire entrepreneur, whose opinion of the benchmark cryptocurrency has juggled between skepticism and praise, appeared to have taken a definite stance about it. In a tweet that followed shortly after the bio update, Mr. Musk said that “in retrospect, it was inevitable.”
That was enough for Bitcoin bulls to take charge in an otherwise short-term bearish market. Mr. Musk’s tweet propelled them to raise their bids for the cryptocurrency. As a result, in just two hours, the cost to purchase one Bitcoin climbed from nearly $32,000 to above $38,000.
In retrospect, it was inevitable
— Elon Musk (@elonmusk) January 29, 2021
Mr. Musk’s cryptic tweet and bio …