MicroStrategy co-founder Michael Saylor has already taken note of Elon Musk's new profile picture that prominently features the so-called "laser eyes."
Tomiwabold OlajideThe laser eyes meme was popularized by Bitcoiners during the 2021 bull run, with celebrities and politicians jumping on the trend to showcase their appreciation for the cryptocurrency.
The meme is supposed to metaphorically symbolize Bitcoiners being hyper-focused on driving Bitcoin's adoption and success. The initial campaign was meant to push the price of the leading cryptocurrency to $100,000.
Yuri MolchanMusk's profile picture change has ignited rumors about Musk attending the Bitcoin conference in Nashville.
The Bitcoin price briefly topped the $68,000 level following Musk's apparent endorsement.
Tesla originally acquired $1.5 billion worth of Bitcoin back in February 2021 and then adopted the largest cryptocurrency as a means of payment. However, Bitcoin was later dropped as a payment option by the leading e-car maker due to environmental concerns associated with Bitcoin mining. The U-turn caused significant backlash within the Bitcoin community.
Some community members are speculating that Tesla is preparing a Bitcoin-related announcement.
In May 2021, Musk riled up the Bitcoin community by claiming that Dogecoin, the largest meme coin, would win against the original cryptocurrency if it were to achieve a sufficient level of scaling.
Tesla is also on track to report its earnings on July 23 after delaying its much-anticipated robotaxi event.
As reported by U.Today, Tesla kept holding $184 million worth of digital assets, according to the company's Q1 report.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Yuri Molchan
Dan Burgin
Vladislav Sopov