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Bitcoin surged early on Friday after Elon Musk tagged the cryptocurrency in his Twitter biography.
The price of bitcoin BTCUSD, +11.29% was last up 11% at $36,955, according to CoinDesk prices, after the Tesla TSLA, -3.32% chief executive appeared to express support for the cryptocurrency. After changing his Twitter TWTR, +7.01% bio to #bitcoin, he then tweeted “In retrospect, it was inevitable.”
Earlier this week, Musk waded into the battle between short sellers and retail traders over videogames retailer GameStop GME, -44.29%, tweeting a link to Reddit’s WallStreetBets forum along with the word “Gamestonk!!”
