Why Elon Musk, SEC Congressman and many other big V have changed the "laser eye" head?

Since Tesla CEO Elon Musk put his money where his mouth is, he has added another role to his multi-job list: Bitcoin evangelist. On February 20, Elon Musk suddenly changed his avatar to a teenage girl with a "laser eye" against a backdrop of bitcoin.

The image was originally an image that Musk had previously used on Twitter. The focus was not on the Bitcoin logo, but on the red "laser eyes," which have become a sea of lasers under Musk's command if you search Twitter for the hashtag # LaserRayUntil100K.

Michael Saylor, CEO of MicroStrategy, Meltem Demirors, CEO of CoinShares, and even U.S. Senator Cythia Lummis were among the attendees.

Tesla CEO Elon Musk's Twitter profile picture

U.S. Senator Cythia Lummis' Twitter profile picture

Laser Eye and Bitcoin

So what does the laser eye mean?

Neeraj Agrawal, director of communications at cryptocurrency think tank Coin Center, said: "The laser eye is meant to convey activation and ever-increasing power levels."   "Think about when a character's eyes light up in a movie."

According to Know Your Meme, a website and video series that uses Wiki software to document and explain various memes and other viral phenomena. Since the release of the video game Mass Effect 2 in 2010, characters with glowing eyes have been widely used as memes. . In the game, enemies' eyes glow yellow when they are controlled by another entity. People then used Photoshop to add the caption "control taken" and a meme was created.

If you want to generate your own laser eye, click here:https://www.kapwing.com/explore/laser-eyes-meme-maker

As Meme has evolved, Laser Eye has become inextricably associated with Bitcoin.

On Twitter, Bitcoin evangelists have relentlessly promoted the currency. As the price of bitcoin continues to rise, crypto podcast host Greg Zaj launched a campaign on Twitter on February 15, "  # LaserRayUntil100K " "Is designed to wait for bitcoin to break through the $100,000 mark.

Tweets on this topic were accompanied by "laser eyes". Seems to say that they have been "pyramid selling", "control", deeply believe that bitcoin will impact to the $100,000 mark.

   # LaserRayUntil100K on Twitter

The event has gained attention since bitcoin broke through $56,000. Rhythm Blockbeats tallied some of the biggest names who participated in the event, ranging from crypto KOLs to financial industry elites to politicians.

Tesla CEO: Elon Musk

Michael Saylor, CEO, MicroStrategy

CoinShares CEO: Meltem Demirors

CSO of Blockstream: Samson Mow 

SEC Congressman: Cythia Lummis

Bankless Founder: David Hoffman

Gemin founders the Winklevoss brothers

Bitcoin Core Developer :Jimmy Song

Famous American economic analyst: PrestonPysh

著名计算机科学家、密码学家、「 比特黄金 」 发明者：Nick Szabo

Famous Derivatives Trader and Podcaster: Tone Vays

Magdalena Gronowska, an inspector who helped set up the 3IQ Bitcoin Fund when the Canadian crypto exchange Quadriga collapsed, said: "# LaserRayUntil100K is a gathering of bitcoin makers to celebrate what we see as 100,000." As for whether she will keep the laser eye of her Twitter avatar until the price of bitcoin hits $100,000, she said, "It will be a few months."

So how close is bitcoin to $100,000?

Since January, Bitcoin has surged to new highs, rising 93% from $29,000 at the start of the year to $56,000. Institutional enthusiasm for investing in bitcoin does not seem to be waning.

Since February, more notable names than Tesla founder Elon Musk have weighed in on bitcoin. Important figures in the business world, such as Larry Fink, chief executive of BlackRock, Ray Dalio, founder of Bridgewater, and Wang Xing, founder of Meituan, have all been speaking out in recent days.

On February 18, Microsoft co-founder Bill Gates spoke again about his views on cryptocurrencies such as bitcoin on CNBC's Squawk Box, saying, "I'm already neutral on bitcoin." In 2018, Bill Gates called bitcoin a "big fool theory" type of investment.

The same day, perhaps, is subject to  Ark Investment Research Report on Bitcoin"Dan Bin, chairman of Shenzhen Oriental Harbour Investment Management Co., said on Weibo," I have bought 1% of the Bitcoin ETF fund. Although it is a little late, I will put it into practice once I think about it.

On February 19, MicroStrategy revealed again that it had raised $1.05 billion to invest in Bitcoin through the sale of convertible bonds.

This bull market was widely believed to be driven by institutional investors. But as interest in Bitcoin continues to grow, the enthusiasm of retail investors to enter the market has also been boosted. Bitcoin, once a familiar target for a small circle of geeks, is moving into a more mainstream, broader audience.

Data on the chain shows that bitcoin miners have already been selling, which means that their impact on the market will be diminishing. In the absence of a black swan event, the bull market is expected to continue and price rises in mainstream currencies will likely be achieved in a short time. But as mentioned above, the massive entry of institutions has also brought uncertainty and risks to the crypto market.

After all, the crypto market, with its high degree of freedom, can crash or collapse in a single day, as happened on March 12. And once the agency shipments, may bring more serious situation to the crypto market. The majority of investors must also be careful operation, do not blindly chase high.

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