Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The world’s richest person is joining the fun of one of the wildest moving stocks.
What Happened: After market close Tuesday, Tesla Inc (NASDAQ:TSLA) CEO Elon Musk tweeted “Gamestonk!!” with a link to the subreddit called WallStreetBets, a retail investor site that has been credited with sending shares of several highly-shorted stocks like GameStop Inc (NYSE:GME) up.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Gamestonk!! https://t.co/RZtkDzAewJ
— Elon Musk (@elonmusk) January 26, 2021
Why It’s Important: Billionaire Chamath Palihapitiya endorsed GameStop earlier Tuesday by announcing he had bought call options with a strike price of $115.
Shares of Etsy Inc (NASDAQ:ETSY) hit new all-time highs of $226.72 earlier Tuesday after Musk tweeted “I kinda love Etsy.”
Related Link: 5 Things You Might Not Know About Elon Musk
Highly followed investors like Musk, who has 43 million followers on Twitter, have caused large movements in stocks. His tweet about the Signal app even sent an unrelated stock up over 1,000%.
“Some people use their hair to express themselves; I use Twitter,” he has said. in the past. A study from Exness shows Musk as the most active CEO on Twitter.
GME Price Action: Shares of GameStop are up another 37% to $204 in after-hours trading. Shares hit new 52-week highs of $159.18 earlier in Tuesday’s trading session.
Photo courtesy Steve Jurvetson on Flickr.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.