Following a Twitter bio change from the world's richest man, Elon Musk, Bitcoin appears to be on a path to reclaiming $40,000.
Musk, who has been quite vocal about cryptocurrencies, particularly Doge, updated his Twitter bio to a single word "#bitcoin" on January 29. This was all the fuel that the digital asset needed to kick start a new rally. Bitcoin's price rose by 13% almost immediately.
Prior to his bio update, Musk had left a cryptic tweet hinting at the inevitability of something.
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