Elon Musk Hints That He Will Appear at the Major Bitcoin Event “Bitcoin Conference.” This News Acted as a Catalyst, Sharply Pumping the Trade Price of Bitcoin & Other Flagship Crypto Assets

In the latest developments, Elon Musk, the richest person on the planet and popular in the crypto space for his advocacy of Dogecoin (DOGE) and other

Elon Musk, the world's richest person, has hinted that he will be making an appearance at the upcoming major Bitcoin event, the “Bitcoin Conference.” This news has acted as a catalyst, sharply pumping the trade price of Bitcoin and other flagship crypto assets.

In the latest developments, Musk, who is also popular in the crypto space for his advocacy of Dogecoin (DOGE) and other top crypto assets, has changed his X (formerly Twitter) profile picture. In the new profile picture, he has added blue-colored laser lights on his eyes, which has sparked speculation among Bitcoin and crypto enthusiasts about his upcoming appearance at the Bitcoin conference.

#ElonMusk's new X profile picture is showing support for #Bitcoin

Something big is coming 🔊pic.twitter.com/gwIvJkkp5c

In the last 24 hours, Musk has tweeted and retweeted multiple posts on X. Notably, his social media activity was inclined towards current U.S. politics ahead of the 2024 presidential election.

I believe in an America that maximizes individual freedom and merit. That used to be the Democratic Party, but now the pendulum has swung to the Republican Party.

Fox Business reporter Eleanor Terrett, who specializes in cryptocurrency related news reporting, shared that Musk is likely attending the Bitcoin conference. This information was also confirmed by an Instagram account that tracks Musk's private jet.

🚨NEW: @elonmusk’s jet just touched down in Tennessee and he changed his profile picture to laser eyes… https://t.co/itp7asFUWe pic.twitter.com/PsCuxmxTZy

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U.S. politics & Crypto

With Biden dropping out of the presidential race and the former U.S. president Donald Trump gaining support for his pro-Bitcoin stance, the crypto market is receiving significant political backing. This favorable environment aligns with the news that Musk is likely attending the Bitcoin conference.

BREAKING: BIDEN DROPS OUT OF PRESIDENTIAL RACE

“I believe it is in the best interest of my party and the country for me to stand down…” pic.twitter.com/hSgTGXfzva

Bitcoin price action

Bitcoin is currently trading at $68,000, an 11.29% increase over the last 7 days. The steady rise in Bitcoin’s price suggests it might soon break its all-time high. This surge also coincides with multiple positive crypto news.

A popular Bitcoin price analyst speculated that Bitcoin could surge to $88.5k, driven by rising bullish sentiments.

#Bitcoin Intermediate target: $88,500! 🎯

$BTC is back above Tenkan 🔴 on the weekly timeframe.

Bullish. . pic.twitter.com/oBjqfe883v

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