This Bot Buys BTC Every Time Elon Musk Tweets About Bitcoin

[Fawpac2]

Elon Musk exerts an outsize influence on cryptocurrency markets—both through his role as CEO of Tesla, which has made Bitcoin part of its business, and through his colorful Twitter account. When Musk tweets about crypto, prices jump.

All of this has led a London-based crypto trader, Andrei Badoiu, to build a bot that can buy Bitcoin whenever Musk tweets about it. Badoiu says the bot can carry out a trade within seconds of a Musk tweet.

In an interview with Decrypt, Badoiu says traders have long used such tools to buy or sell stocks in response to comments from influential individuals, and that automated tools are especially apt for crypto markets, where comments by social media influencers like Musk often sway prices. In theory, Badoiu's bot could allow users to make a profit by buying Bitcoin right before a Musk-driven price surge takes place—though this has yet to be tested in the wild as Musk hasn't tweeted since the bot went live. Source