Bitcoin that most regulators barely care about, is currently trending on Twitter, infant it is the #1 trend in almost countries including India where regulators are reportedly planning to ban cryptocurrency.
While suspected bitcoin scammers successfully collected over 12 BTC, the crypto community is looking at the silver lining in this entire ‘Twitter hack incident’. On July 15, 2020, all Asian countries woke up to #Bitcoin and #Twitterhack trending on their Twitter accounts. Perhaps, most of the non-bitcoin enthusiasts having blue checkmark got hacked and community is mocking at the fact that every blue tick mark Twitter account holders know about #Bitcoin now.
A high profile crypto Twitter ‘Code -e’, co-host of DYOR podcast calls this hack ‘ as a huge marketing campaign for bitcoin’ and others are naming Elon Musk and Jeff Bezos made it to ‘top of bitcoin’s marketing funnel’.
The irony is that the Twitter hackers were able to control the access to Twitter accounts of some of the high profile people, companies, as well as low-profile accounts. These accounts, then tweeted ‘cryptocurrency scams' in an apparent hack.
While it appeared to be something to do with the ‘Twitter insider’ who helped hackers to hijack accounts, crypto enthusiasts are finding the need for a ‘decentralized version of Twitter’.
Despite Twitter hack incident, the price of Bitcoin still stuck at $9200. However, at the time of reporting this, Bitcoin is plunging by 1.04 percent within the past 24Hrs, valuing it at $9126 against USD.