A tweet from Elon Musk crashed Bitcoin and this new tweet lifted it in minutes, can we now talk about the ‘Musk Effect’? Posted byMairem Del Río May 25, 2021 Leave a comment on A tweet from Elon Musk crashed Bitcoin and this new tweet lifted it in minutes, can we now talk about the ‘Musk Effect’? Bitcoin rallied almost 5% almost instantly, after Elon Musk posted a ‘promising’ tweet about the cryptocurrency.