Elon Musk, god and demon of cryptocurrencies

A light tweet on Twitter and it is the storm on the course of cryptocurrencies. Elon Musk is certainly having fun with the butterfly effect he has been producing for several years in the booming market of these digital currencies. When it swings, on December 20, 2020, “bitcoin is almost as rotten as fiat currencies”, the course loses 20% of its value in stride. Three months later, change of tone. On February 8, 2021, Tesla announced that it accepted it as a means of payment after its boss added “#bitcoin” to the presentation of his Twitter account. The price soars by 20% instantly.

“In 2021, Elon Musk became an influencer on the course, summarizes Ludovic Desmedt, professor of economics at the University of Burgundy. He managed to accept bitcoins for Tesla while finally refusing them three months later for ecological considerations. .” The price plunging again by 12%.

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