Elon: "I am a supporter of Bitcoin."

Plus the WallStreetBets shenanigans continue

Happy February, Blockfolians!

The Lede

Elon Musk caused quite the stir late last week when he changed his Twitter bio to a single word: #Bitcoin.

He also followed it with this cryptic tweet:

The market loved it - jumping about 10% following the tweet. While those prices came back down over the weekend, Elon followed this up with some further thoughts in his first ever Clubhouse chat.

I do at this point think bitcoin is a good think. I am supporter of bitcoin. I am late to the party but a supporter. Bitcoin is on the verge of getting broad acceptance by traditional finance people.

All that’s left is for him to announce that Tesla or SpaceX have put treasury into BTC.

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A Really Big Number We Should Be Paying Attention To


That was the total exchange volume on crypto exchanges last month, up 140% compared to December.

Final Thought