Elon Musk’s acquisition of Twitter and the shift to a paid subscription model might seem like a straightforward strategy at first glance. However, this move could signal a major change in the social media world. Musk’s goal is not just to restructure Twitter but also to shake the social media empire led by Mark Zuckerberg.
Under Zuckerberg’s leadership, Meta has become a cornerstone of the Web2 ecosystem. Meta’s financial and cultural internet model is based on users not paying for products but rather having their personal data turned into a product. This model has become a core philosophy of Web2. Zuckerberg’s success in this model has shaped the entire structure of social media platforms.
Musk aims to disrupt this old structure with the paid blue tick model on Twitter. If this model is successfully implemented and later integrated with cryptocurrencies, it could spark a major shift in Web2 platforms. Twitter’s adoption of this new payment model might prompt other platforms to follow suit, marking a critical step towards the normalization of cryptocurrencies in payment culture.
CZ, a prominent figure in the cryptocurrency community, is closely monitoring these developments and supporting Musk’s strategies. If this model merges with cryptocurrencies, an environment could be created where blue tick holders earn significantly more through content creation than they paid. This could accelerate the normalization of cryptocurrencies in financial payment infrastructure.
On the other hand, Meta’s acceleration of NFT processes and collaboration with Polygon and Solana show Zuckerberg’s strategy to counter this change. However, Musk’s current moves could be the first domino to fall, leading to major shifts in a trillion-dollar economy.
In conclusion, Bitcoin might emerge as the winner of this competition. Both Musk's and Zuckerberg's strategies could strengthen the role of Bitcoin and other cryptocurrencies in the global economic system. In either scenario, Bitcoin’s victory could be a significant development for the future role of cryptocurrencies.
Source: Buğra Ayan
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