Elon Musk Asks Vitalik ‘What Should Be Developed on Ethereum’, ETH Price Goes Up

Siamak Masnavi

On Tuesday (April 30), at 01:15 (UTC), Elon Musk, the CEO of SpaceX and Tesla, revealed his interest in Ethereum (ETH) and got seemingly the whole of the crypto community on Twitter very excited with this very short tweet and mysterious:

The above tweet generated a huge amount of interest (at the time of writing, it has had almost 63,000 likes), and shortly after it had been sent, people started noticing Elon's tweet was apparently having a positive impact on the ETH price.

Seven minutes later, Elon sent out the following tweet that suggested that he was joking although it did not look like he was, and it became clear a bit later:

Roughly 30 minutes after Elon's original tweet, Vitalik Buterin, the inventor of Ethereum, invited Elon to come to Ethereum conference Devcon 5, which is taking place in October:

Just three mintes later, Elon sent out the following reply to Vitalik:

Around six hours later, Elon decided to send out a more serious reply to Vitalik's tweet:

Vitalik, who had written about this topic on Twitter before, managed to prepare a comprehensive answer for Elon (in the form of a tweetstorm) within half an hour:

In recent months, it has become clear that from Elon's tweets and interviews that he is interested in cryptocurrency, and more specifically, prior to today, he had talked about Bitcoin (BTC) and Dogecoin (DOGE), but his question about what could be developed with Ethereum suggests that he might be considering if there is some way his car company Tesla could get involved with crypto. In fact, Elon's tweet about possible applications for Ethereum comes just one day after UK's largest car manufacturer Jaguar Land Rover announced that, via a partnership with IOTA Foundation, it was testing software that would allow drivers of its cars to earn IOTA tokens as reward for data sharing. 

According to CryptoCompare, ETH is currently trading at $161.01, up 3.34% in the past 24-hour period:

ETH - 24 Hour CC Chart - 30 Apr 2019.png

Of course, not everone in the crypto community was quite as excited about Elon's interest in Ethereum as Vitalik. For example, Brendan Blumer, Co-Founder and CEO of Block.one (which developed the EOSIO software that the EOS platform runs on) suggested that Elon should consider development on EOS instead: