Ran Nuener who is the co-founder of the blockchain fund management firm called OnChain Capital, says that the Tesla CEO Elon Musk is exploring the idea of adding Bitcoin to his corporate treasuries.
In a tweet, the former host of CNBC’s Crypto Traders informed his 124000+ followers that some of the executives attending the WORLD.NOW event were sent there by Elon Musk himself.
“I can confirm that Elon Musk had at least three people at the Michael Saylor event, including two from treasury!”
On February 3rd to February 4th, MicroStrategy hosted the WORLD.NOW event, during which Michael Saylor and other Bitcoin bulls invited corporate executives to learn about the benefits of adopting Bitcoin for their corporate portfolios.
On-chain analyst and trader Willy Woo asserts that Bitcoin supplies are already drying up after Saylor preached BTC’s advantages to the corporate community, calling the event a success.
“Looks like Michael Saylor is bringing hope.com to the corporate community.
Impacts are being seen already. Coins once again being scooped off exchanges.”
Musk has been getting attention with his crypto-related tweets that seem to have a positive impact on the value of the digitla assets he mentions.
In January, Bitcoin jumped from around £23,295.60 to £27,663.52 within the timeframe of 7 hours after Elon Musk changed his Twitter bio to mention “Bitcoin.”
Musk has also been known to randomly tweet about Dogecoin (DOGE), pumping up the coin’s price & transaction volumes.
When Musk mentioned the word Doge in a tweet, this alone resulted in a massive spike of trading volume from around 9 trades per minute to around 775 trades per minute all within the space of 30 minutes.