Elon Musk will acquire popular social media platform Twitter for $43.4 billion.
“Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it,” Elon Musk said in a tweet – posted on the platform he now owns.
He often posts memes that piss off the community, who then cheer for him the moment his tweets turn toward Dogecoin.
On the positive side, there could be less spam bots and that means less theft and scams tarnishing the crypto industry.
With so much bearish sentiment, short positions, and a market that wouldn’t see it coming, all it would take is one spark to ignite another bull impulse.
The Tesla and Space X CEO has been responsible for pumping asset prices using his Twitter platform for some time.