Bitcoin could be in for a huge boost if one app CEO is to be believed, as he declares 'it's happening' after Elon Musk finally breaks his long-held silence on the leading cryptocurrency.
It's been a rough couple of months in the world of cryptocurrency, as the vast majority of Bitcoin's massive gains in the previous year have been wiped out, returing the alternative currency back below the $70,000 mark.
Bitcoin in particular received a significant amount of investment following Donald Trump's return to the White House, with the president committing to integrating the crypto coin into the nation's economy, yet recent geopolitical events have seen it drop from its $124,000 peak.
Some investors have remained confident that a corner is about to be turned, however, and that has only continued to grow following a silence-breaking post from Elon Musk on Monday.
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While he was once a champion of cryptocurrency – investing over $1.5 million into Bitcoin through his companies – Musk has remained relatively distant from the currency across the last few years.
He still holds onto around 10,000 Bitcoin, equal to roughly $700,000, yet hasn't been as active as many might have hoped in cheerleading for the cryptocurrency.
That appears to have changed now though, as he recently shared an image of an anime-styled woman in front of the Bitcoin logo, complete with her own Bitcoin-themed dress, animating it later on using Grok Imagine's AI tools.
Responding to this sudden spark, Bitcoin app Jan 3 CEO Samson Mow declared his own joy, as Musk's enthusiasm has already fulfilled one of his crypto predictions for the year.
As reported by Forbes, Mow outlined a number of crypto-adjacent predictions, including a $1.33 million Bitcoin price, the launch of 'Bitcoin Bonds' but at least one nation, the outperformance of metals by Bitcoin, and the surge in stock value for $MSTR.
Key among these predictions, however, was Mow's hope that Musk would 'go hard' into Bitcoin once more, and the tech mogul's recent post has prompted him to assert that "it's happening."
Whether this means that his other predictions are also going to come true is unlikely, especially as the primary guess would require Bitcoin's value to increase by 1,845 percent from its current price, but there's no doubting Musk's influence when it comes to these things.
A simple post from Musk has already proven to be enough to move markets – much to his chagrin as it left him subject to fraud accusations – and the price has grown by around $3,000 in the days since he shared that simple yet impactful image.
