Bitcoin surged early on Friday after Elon Musk tagged the cryptocurrency in his Twitter biography.
The price of bitcoin
BTCUSD,
was last up 11% at $36,955, according to CoinDesk prices, after the Tesla
TSLA,
Chief Executive appeared to express support for the cryptocurrency. After changing his Twitter
TWTR,
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,
tweeting a link to Reddit’s WallStreetBets forum along with the word “Gamestonk!!�
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