Musk's Cryptic Tweet Boosts Bitcoin — Almost Identical Tweet Pulled Down BTC Price Last Year

A new cryptic tweet from Tesla CEO and billionaire Elon Musk has apparently pushed the price of Bitcoin out of the red zone. A similar tweet was supposedly the reason why the price of BTC plummeted by almost 50 percent last year.

The tweet in question is a picture showing DC Comic's Dr. Manhattan sitting on a spot of a planet's surface (presumably Mars), staring at the abyss and facing the camera. The image supposedly caused the price of Bitcoin, the world's largest cryptocurrency by market capitalization, to surge.

In November last year, the Tesla CEO shared the same Dr. Manhattan picture, but unlike the latest tweet, Dr. Manhattan in last year's post appeared lonely, still sitting on a spot but with his back facing the camera. The said tweet was apparently the reason Bitcoin's price, at the time, slumped by almost 50 percent in less than three months.

These tweets are utterly bewildering because they both do not have captions or catchy phrases, just an image of Dr. Manhattan. A fictional character who debuted in "Watchmen," Dr. Manhattan was a nuclear physicist caught in a radiation particle test that transformed him into an emotionless, god-like character with extraordinary powers.

Some fans claim Musk identified himself with the fictional character because of his knack for creating companies that help humanity. But how and why this character is related to the rise and fall of Bitcoin's price is still an unanswered puzzle.

As told by his mother, Maye, Musk exhibited exceptional intellectual ability in markets and business as early as 14 years old. It is safe to say that the tech billionaire may have an idea or has predicted the reversal points of Bitcoin.

Considering his stature in the industry, Musk may have some insights on the potential movement of crypto whales, significant wealth funds and behemoth investors, which helped him predict crucial points in the market.

BTC was trading up 4.43 percent at $31,676.34 with a 24-hour volume of $38,546,956,917 as of 1:47 a.m. ET on Tuesday based on the data from CoinMarketCap.