Elon Musk: Tesla founder's top tweets of 2021 that moved markets and crypto

Few people have the power to control markets with a single tweet – Tesla (TSLA) $Tesla(TSLA.US)$ chief Elon Musk arguably tops that list.

For instance, just the picture of his new pet dog, a Shiba Inu puppy, sent soaring the price of a joke token of the same name. The dog was called Floki, and the tweet sent another meme token called Floki coin to an all-time high with a 250% surge in price.

Bitcoin (BTC-USD) $Bitcoin(BTC.CC)$ , the world's number one crytpo, isn’t immune to his tweets either.

In March, Musk tweeted that consumers can buy Tesla cars with bitcoin, only to say in May that the practice was suspended due to worries about the carbon foot print of bitcoin mining and transactions, causing the price of bitcoin to fall around 15%.

In June he said Tesla would allow transactions in bitcoin once mining is done with more clean energy, sending bitcoin up.

Makarem pointed out how he “notoriously gave some previously unknown cryptos like dogecoin legitimacy among the masses".

Case in point: a tweet in May when he said he was working with the crypto's developers to improve its efficiency as a means of payment. Dogecoin (DOGE-USD) $Dogecoin(DOGE.CC)$ soared on the day.

Makarem said this influence on the crypto industry could wane “as the industry matures and builds solid use cases besides speculation".

Part of the content is taken from Yahoo.