Bitcoin surges as Elon Musk changes his Twitter bio to #bitcoin

Bitcoin surged early on Friday after Elon Musk tagged the cryptocurrency in his Twitter biography.

The price of bitcoin
BTCUSD,
+11.33%

was last up 11% at $36,955, according to CoinDesk prices, after the Tesla
TSLA,
-3.32%

Chief Executive appeared to express support for the cryptocurrency. After changing his Twitter
TWTR,
+7.01%

bio to #bitcoin, he then tweeted “In retrospect, it was inevitable.”

Earlier this week, Musk waded into the battle between short sellers and retail traders over videogames retailer GameStop
GME,
-44.29%
,
tweeting a link to Reddit’s WallStreetBets forum along with the word “Gamestonk!!”

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