Get All Access for $5/mo

Elon Musk Posts Sexual Bitcoin Meme and Sends Twitter Into a Frenzy The crypto coin hit a record high of $67,000 on Wednesday.

By Emily Rella Edited by Jessica Thomas

Opinions expressed by Entrepreneur contributors are their own.

FREDERIC J. BROWN | Getty Images

Elon Musk is back at it again with his Twitter antics, but this time it isn't to rip on longstanding rival Jeff Bezos or to promote the meme-able cryptocurrency Dogecoin.

In fact this time, it was to make a sexual innuendo about beloved Bitcoin.

Yep, that's it, that's the tweet.

Bitcoin went soaring on Wednesday to an all-time high of $67,000, exciting investors and fans of the crypto coin alike.

Related: Elon Musk Says Government Should 'Do Nothing' on Cryptocurrency

This included Musk, who presumably thought the coin would continue to rally higher and couldn't help but to play with fire a bit by drawing attention to the coin.

In his tweet, the billionaire posted a meme that shows a couple suggestively cuddling in bed looking at a screen that shows both Bitcoin and competitor coin Ethereum next to their respective valuations.

Next to Bitcoin, the price said $69,000 while Ethereum said $4,200.

Though neither of these coins had reached those valuations yet, knowing Musk, it was a nod to the sexual innuendo of the number 69 and the cannabis-related 420 that he's tweeted about in the past.

Naturally, Twitter fans were reeling.

The post itself garnered nearly 528,000 likes and 64,300 retweets.

Many called Musk out for "manipulating the market" and sending Bitcoin soaring.

Related: Hamster coin increased in value by 500% after a simple comment from Elon Musk

"Mom, Elon is pumping crypto again," one user joked.

"Elon, don't crash the market again like last time," said another.

Musk's tweets come following the successful launch of the first-ever Bitcoin futures ETF (ProShares Bitcoin Strategy ETF), which made its trading debut on Tuesday.

This wouldn't be the first time Musk has (purposefully or not) messed with the crypto market via social media.

Earlier this month, he sent shares of Shiba Inu Coin soaring 65% after posting a photo of his dog, which is a Shiba Inu, to Twitter.

According to Bitcoin Treasuries, Musk's company Tesla owns 42,902 bitcoin, worth $2,713,841,874 as of early Thursday afternoon.

Musk's estimated net worth as of Thursday afternoon was $225.3 billion, according to Forbes.

Related: Elon Musk is richer than Bill Gates and Warren Buffett put together

Emily Rella

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

Productivity

6 Habits That Help Successful People Maximize Their Time

There aren't enough hours in the day, but these tips will make them feel slightly more productive.

Leadership

Why Your AI Strategy Will Fail Without the Right Talent in Place

Using fractional AI experts through specialized platforms allows companies to access top talent cost-effectively, drive innovation and scale agile strategies for growth.

Business News

Here's What the CPI Report Means for Your Wallet, According to JPMorgan and EY Experts

Most experts agree that there will be another rate cut next week.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.