Michael Saylor, the co-founder of MicroStrategy, has already observed that Elon Musk’s most recent profile picture prominently displays the “laser eyes.”
Bitcoiners popularized the laser eyes meme during the 2021 bull run, and celebrities and politicians embraced the trend to demonstrate their admiration for the cryptocurrency.
The caricature is intended to serve as a metaphor for the hyperfocus of Bitcoiners on the adoption and success of Bitcoin. The primary objective of the initial campaign was to elevate the prices of the most prominent cryptocurrency to $100,000.
Musk’s alteration of his profile picture has sparked speculation that he may be attending the Bitcoin conference in Nashville. Musk’s apparent endorsement resulted in the Bitcoin price briefly surpassing $68,000.
Tesla initially acquired $1.5 billion of Bitcoin in February 2021 and subsequently employed the largest cryptocurrency as a payment method. Subsequently, the foremost e-car manufacturer discontinued Bitcoin as a payment method due to environmental concerns associated with Bitcoin mining. The Bitcoin community experienced substantial backlash as a result of the U-turn.
Some members of the community are speculating that Tesla is preparing to make an announcement regarding Bitcoin.
Musk incited the Bitcoin community in May 2021 by asserting that Dogecoin, the largest meme coin, would prevail over the original cryptocurrency if it were to accomplish an adequate level of scaling.
Tesla is also on schedule to disclose its earnings on July 23, despite the fact that it postponed its highly anticipated robotaxi event.
The company’s Q1 report indicated that Tesla continued to maintain $184 million in digital assets, as reported by U.Today.
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