Bitcoin has soared over the last few days, taking a sleeping and stagnating market off guard and sending the bitcoin price higher by an eye-watering 27% and back above $5,000 per bitcoin for the first time this year.

While Elon Musk has yet to formally delve into the Bitcoin space, he has long been a fabled member of the crypto community.

A digital exchange opening next week will enable investors to trade in companies including Apple Inc., Facebook Inc. and Tesla Inc. outside of the U.S. even when the stock markets are closed.