“This will be priceless” – Elon Musk quietly blasted the price of Bitcoin rival

Elon Musk, the Tesla billionaire and owner of X, has emerged into the political spotlight in recent months as a close advisor to US President-elect Donald Trump – who was He called for a “bitcoin-fueled capital markets renaissance” to “unlock trillions in wealth.”

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The price of Bitcoin has fallen again from its post-election peak of around $110,000 per bitcoin. With the price expected to be just weeks away from a “major” move..

now, While Musk issues a stark warning about the bankruptcy of the United Statesthe Tesla billionaire changed his name to X, sending the price of rival cryptocurrency Bitcoin soaring by about 2,000%.

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Forbes“The virus is spreading” – Bitcoin is suddenly poised for a “big” price move in 2025by Billy Bambrough

“This will be invaluable,” Musk said, referring to the way the media will report the news. to publish To X after changing his name on the platform to Kekius Maximus.

Kekius Maximus appears to be a reference to his character in the video game Path of Exile 2, a reference to the hit film Gladiator, and a pun on the online gaming term kek, a variation of lol (laugh out loud) that originated in South Korea and in the game World of Warcraft online.

Musk’s post relayed Adrian Dittmann’s account that some speculated Musk could have control, though he denied this.

“Imagine you are a journalist writing about Elon on to publish.

Musk’s name change to X sent the price of the cryptocurrency kekius Maximus, created in mid-December after Musk X. mailup about 2,000%, highlighting Musk’s significant influence on the Bitcoin and cryptocurrency market.

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ForbesFed’s $4.1 Trillion Dire Warning for 2025 Raises Fears of $20,000 Bitcoin Price Collapseby Billy Bambrough

Musk’s support for Trump in the run-up to the US presidential election in November helped push the price of bitcoin higher as traders bet that Trump would lead a pro-bitcoin and cryptocurrency administration.

Musk also campaigned against excessive US spending, leading to the creation of the Doge Administration for Government Efficiency, which Musk said he believes he can withdraw $2 trillion from US spending.

The Doge section is a reference to the shiba inu doge meme that is also linked to the cryptocurrency dogecoin, which Elon Musk has called his “favorite” cryptocurrency and has been accepted as payment by his Tesla car company — though Tesla continues to hold about 10,000 bitcoins With a value of about $1 billion on its balance sheet.