Elon Musk Creates "Waves" in the Market: Comments on Bitcoin Cause Price to Exceed 116,000 USD

Today, the crypto market is once again in turmoil following a statement from Elon Musk – CEO of Tesla, X, and xAI – on the platform X (formerly known as Twitter). In the post, Musk wrote: "Those who owned Bitcoin early deserve a Nobel Prize for the patience to delay gratification." Just a few minutes after this statement spread, the price of Bitcoin surged strongly, exceeding the threshold of 116,000 USD, triggering a wave of strong interest in Dogecoin and other memecoins.

Immediate Impact on the Crypto Market Musk's remarks not only created a positive psychological effect but also spurred a surge in trading volume. Many investors quickly increased their positions, causing a flood of capital to pour into the crypto market. Bitcoin: Price surged rapidly in just a few minutes, along with a significant increase in liquidity. Dogecoin: Notable increase recorded as investors seek opportunities to ride the memecoin wave. Other memecoins: Searches and transactions skyrocketed, reflecting a booming speculative sentiment. The Long-lasting Influence of Musk This is not the first time Elon Musk has made significant impacts on the crypto market. History shows that his comments often lead to: Strong short-term volatility: Asset prices can increase or decrease significantly within a few hours. Increased speculation: Retail investors and funds quickly react to take advantage of the volatility. FOMO mentality: The market's excitement often attracts many newcomers, creating strong buying pressure. The Meaning of the Statement "Nobel Prize" Musk's statement emphasizes the virtue of patience among early Bitcoin holders – a "delayed gratification" strategy (delayed gratification) rare in the highly volatile crypto market. This is not only humorous but also reflects Musk's viewpoint that Bitcoin is a worthy long-term investment. Prospects and Risks Although this price increase has brought significant profits to some investors, experts warn: Volatility due to media effects is often short-term. Investors need a flexible strategy to avoid being caught in the FOMO spiral. The market still carries many risks when relying on personal statements from influential figures. Conclusion Once again, Elon Musk proves his influence on the crypto market. From a post on X, he triggered a "domino effect" that pushed Bitcoin to new heights, heated up Dogecoin and memecoins, along with a widespread wave of short-term speculation. However, behind the excitement, investors still need to keep a cool head to protect their capital and maintain a long-term strategy.