Twelve times Elon Musk moved markets in 2021

It’s Zaheer. On December 10, Elon Musktweeted that he was considering quitting his “jobs” and becoming an influencer full-time.

He was joking, of course, and thank god for that. Because even as a part-time influencer, the world’s richest person has managed to move markets at least once every month this year. Here’s a recap:

Elon Musk, CEO of Tesla, SpaceX and The Boring Co.

January 27: Shares of US brick-and-mortar video game retailer GameStop surged 50% after Musk tweeted “Gamestonk!!” with a link to Reddit’s now-infamous Wallstreetbets discussion group, where supporters affectionately refer to the Tesla CEO as Papa Musk.

February 4: After a flurry of Musk tweets, including “Dogecoin is the people’s crypto”, “I am become meme, Destroyer of shorts”, and simply “Doge”, the price of the meme-based cryptocurrency surged more than 60%.

March 24: Musk tweeted that consumers could buy Tesla cars with Bitcoin. The price of the cryptocurrency surged to new highs following the announcement, hitting $44,200.

April 28: Musk simply tweeted: “The Dogefather SNL May 8”, ahead of his appearance on The US comedy sketch show Saturday Night Live the following week. That tweet, and one from fellow billionaire Mark Cuban, caused the price of Dogecoin to jump 20% in 24 hours.

May 13: Cryptocurrencies tumbled after Musk tweeted Tesla would no longer accept Bitcoin as payment, and “Energy usage trend over past few months is insane.” That tweet caused the price of Bitcoin to plummet around 15%.

June 13: Cryptocurrency and blockchain-related firms surged when Musk tweeted “When there’s confirmation of reasonable (~50%) clean energy usage by miners with a positive future trend, Tesla will resume allowing Bitcoin transactions.”

July 21: It wasn’t from a tweet, but the price of Ether rose as much as 12% during the day after Musk said at a conference that he owns the cryptocurrency. A few days later he posted this meme.

August: In the second half of the year, Musk took a whole month off from toying with the prices of cryptocurrencies to launch some rockets. Priorities, eh?

September 13: Musk tweeted a picture of a new Shiba Inu puppy sleeping on the floor with the words ‘Floki has arrived’. This sparked a frenzy in floki-themed cryptocurrencies. The crypto Floki surged 250% after Musk’s tweet, while Floki Inu rose 60% and Floki Shiba jumped 25%.

October 14: Musk tweeted that he was in talks with airlines about installing Starlink, a satellite-based broadband service owned by his company SpaceX. Shares of in-flight internet provider Gogo Inc. fell as much as 5%.

November: In one of his strangest tweets yet—and it’s a high bar—Musk asked his followers if he should sell 10% of his Tesla stock, adding, “I will abide by the results of this poll, whichever way it goes.” After almost 58% of 3.5 million Twitter users voted yes, Tesla shares saw their biggest fall in eight months.

December 14: Musk tweeted on Tuesday that Tesla would accept Dogecoin as payment for merchandise on a test basis, sending the meme-based cryptocurrency up more than 20%. Dogecoin, which was created as a joke in 2013, has seen its price increase by a staggering 5,859% over the past one year, according to data from Coinbase, largely fueled by Musk’s tweets.

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