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Elon Musk has changed his Twitter profile to just “#bitcoin.” The Spacex and Tesla CEO also tweeted, “In retrospect, it was inevitable.” The price of bitcoin immediately soared.

Spacex and Tesla CEO Elon Musk changed his Twitter profile to “#bitcoin” on Friday morning. He also made a cryptic tweet that says, “In retrospect, it was inevitable.” At the time of writing, his tweet has been liked over 152.6K times, retweeted 22.2K times, and commented on 12.8K times. The billionaire entrepreneur has about 43.8 million followers on Twitter.

The tweet was made at 3:22 AM EST on Jan. 29 when the price of bitcoin was hovering around $32,212 based on data from markets.Bitcoin.com. Immediately after the tweet, the price of bitcoin shot up and peaked at about $37,803, which was more than a 17% surge before retreating slightly. The current BTC price stands at $36,965.

Many people on Twitter see Musk’s tweet and profile change as a massive endorsement for bitcoin. Morgan Creek Digital partner Anthony Pompliano commented:

Elon Musk, one of the richest men in the world and the greatest innovator of our time, has only one word in his Twitter bio: bitcoin … Tesla and Spacex adding bitcoin to their balance sheet is now inevitable.

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The Tesla CEO overtook Amazon CEO Jeff Bezos as the world’s richest man early this month but has since fallen back to second place, according to Forbes’ real-time billionaire list. Another billionaire, Twitter CEO Jack Dorsey also has his Twitter profile set to just #bitcoin.

Musk has been tweeting about bitcoin regularly. He had repeatedly said before that he only owns 0.25 BTC which was gifted to him by a friend. In December, he pondered about putting some of Tesla’s treasury into bitcoin.

He has also been tweeting plenty about dogecoin and recently participated in a doge pump. His Twitter profile used to display: “Former CEO of Dogecoin.”

What do you think about Elon Musk changing his Twitter profile to #bitcoin? Let us know in the comments section below.

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