Updated: December 4, 2024
Key Takeaways
Elon Musk updates his logo to include laser eyes, aligning with crypto culture.
The laser-eyes meme has been adopted by high-profile figures and institutions such as Michael Saylor, US Senator Cynthia Lummis, and Franklin Templeton.
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Elon Musk, the CEO of Tesla, has recently updated his profile picture on X (formerly Twitter) to feature laser eyes, a popular meme associated with bullish sentiment in the crypto community. The update came after President Joe Biden announced his withdrawal from the 2024 US election campaign.
The laser-eyes meme originated as a way to express enthusiasm for Bitcoin, particularly around the time when the crypto was aiming for significant price milestones. Musk is a supporter of Bitcoin and crypto. He has stated that his principal personal investments include Bitcoin, Ethereum, and Dogecoin, and he wants to see these digital assets succeed.
Tesla first announced its intention to accept Bitcoin as payment in February 2021. However, the plan was later canceled in May 2021 due to concerns about Bitcoin’s environmental impact. Musk has indicated that Bitcoin payments will resume once mining operations convert to more sustainable sources of energy.
The laser-eyes meme has also been embraced by many high-profile figures and institutions, including MicroStrategy’s Michael Saylor, US Senator Cynthia Lummis, and asset management firm Franklin Templeton.
Following the approval of spot Bitcoin ETFs in the US, Franklin Templeton updated its logo to include laser eyes, signaling its support for the crypto market. However, just weeks after the update, the firm removed laser eyes from its profile picture.
Franklin Templeton has recently joined industry giants in expanding their crypto offerings with spot Ethereum ETFs. Franklin’s Ethereum fund is set to debut on CBOE next week.
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