2024 is shaping up to be a tumultuous year for crypto, with X having a front-row seat to everything that happens. Let’s take a look at the top crypto tweets of 2024 and what they reveal about the year in a nutshell.
Gary Gensler: I Will Resign As SECGov Chairman
The first and most important — and arguably the best — tweet about crypto in 2024 came from none other than Gary Gensler, Chairman of the Securities and Exchange Commission. On November 21, he announced his resignation via a brief Twitter post, stating: “On January 20, 2025, I will resign as Chairman of SECGov.”
Gensler’s tenure as SEC chairman, which began in 2021, has been nothing short of polarizing for the crypto industry. Known for his hands-on approach, he has led a strong regulatory crackdown, describing the sector as “riddled with fraud and scammers.”
Under his leadership, the SEC brought a record 46 enforcement actions against crypto-related entities in 2023 alone, marking a sharp 53% increase from 2022.
In his post, Gensler credited the SEC staff as “true public servants” and emphasized the Commission’s focus on “protecting investors” and “enforcing the law without fear or favor.” However, the crypto community viewed the announcement very differently.
Many saw this as the end of an era of harsh regulation. Social media, especially crypto Twitter influencers, reacted with genuine relief.
Adding to the intrigue, Gensler’s resignation paves the way for Paul Atkins, a former SEC commissioner known for his pro-crypto stance, to take over. President-elect Donald Trump’s nomination of Atkins has fueled speculation of a more favorable regulatory environment for cryptocurrencies, in stark contrast to Gensler’s approach.
Donald J. Trump Supports Cryptocurrency
The next big crypto tweet of 2024 came from Donald J. Trump on October 31, just days before the US presidential election. In the tweet, Trump celebrated the 16th anniversary of the Bitcoin white paper, wished the Bitcoin community well, and pledged to “end Kamala’s war on crypto” while also ensuring that Bitcoin would be “Made in the USA.”
Trump’s message marked a significant shift from his previous stance on cryptocurrencies. During his first term as president, he frequently dismissed cryptocurrencies as speculative and untrustworthy, raising concerns about their use in illegal activities. However, by mid-2024, his stance had changed significantly.
Trump’s promises were more than just words. In a private meeting at Mar-a-Lago on December 16, he met with Kris Marszalek, CEO of Crypto.com. The discussions reportedly included ambitious proposals, such as the creation of a U.S. Strategic Bitcoin Reserve managed by the Treasury Department’s Exchange Stabilization Fund — an idea Trump had previously floated during a speech in Nashville in July.
Trump has also outlined plans to ensure Bitcoin mining is “Made in the USA,” with the goal of positioning the United States as a global hub for cryptocurrency infrastructure. He has even expressed support for controversial measures, such as pardons for figures like Ross Ulbricht.
Elon Musk: The Dogfather
The next best crypto tweet comes from none other than Elon Musk. On November 13, Musk shared an impressive graphic image of a dog with the acronym “DOGE” prominently displayed. The image caption reads “The Department of Government Efficiency.”
The tweet isn’t just a fun reminder of Dogecoin, the meme currency Musk has supported for years—it also has a deeper connection to real-world events. President-elect Trump recently announced the creation of the Department of Government Efficiency, an initiative aimed at reducing bureaucratic waste and streamlining federal operations.
Musk, along with biotech entrepreneur Vivek Ramaswamy, was appointed as one of the leaders of this new division. The choice of the acronym DOGE appears to be a deliberate move by Musk to combine his well-documented love of Dogecoin with his new government role.
For those who have followed Musk's crypto journey, his connection to Dogecoin comes as no surprise. He has long been referred to as the "Dogefather," a title earned through his relentless promotion of DOGE.
Elon Musk's tweets about the cryptocurrency have repeatedly impacted the price of Dogecoin, transforming it from a joke coin to a legitimate player in the cryptocurrency market. His history with DOGE has included everything from calling it the "people's cryptocurrency" to suggesting that it could become the currency of Mars.
Cryptocurrency and AI Enter the White House
The fourth post on our list of top crypto tweets of 2024 features a retweet by Donald J. Trump from his Truth Social account, announcing the appointment of David O. Sacks as the “White House AI and Crypto Czar.”
Trump's announcement stated, “David will focus on making America a global leader in both areas… and will build the regulatory framework that gives the cryptocurrency industry the transparency it craves.”
The announcement underscores how far cryptocurrency and AI have come from their early days as fringe industries met with skepticism. Today, these fields are recognized as important pillars of the future economy.
With this new position, Trump continues his efforts to bring a pro-crypto voice into the policymaking process, demonstrating a clear intention to promote growth and leadership in both areas.
As the early COO of PayPal, Sacks was part of the legendary “PayPal Mafia,” a group of tech leaders who created some of the most iconic companies of their time.
Sacks has also been a prominent figure in Silicon Valley for more than two decades. His crypto journey began in 2017, when he described Bitcoin as the foundation of a “decentralized network” and a “currency network.”
Michael Saylor's Giant Bitcoin Block
The next post comes from Michael Saylor, Executive Chairman of MicroStrategy, a company known for its relentless Bitcoin acquisitions. In a December 15 tweet, Saylor announced the latest milestone, stating, “MicroStrategy has acquired 15,350 BTC for approximately $1.5 billion at approximately $100,386 per #bitcoin… As of December 15, 2024, we hold $439,000 in BTC acquired for approximately $27.1 billion at approximately $61,725 per bitcoin.”
Since adopting Bitcoin as a treasury reserve asset in 2020, MicroStrategy has steadily increased its holdings through a combination of cash flow and debt financing.
With 439,000 BTC in reserve, the company is now the largest holder of Bitcoin and the fourth largest holder overall.
For comparison, the anonymous creator of Bitcoin, Satoshi Nakamoto, remains the largest entity, controlling over a million BTC. Following Satoshi is BlackRock's IBIT BTC ETF, which holds 553,460 BTC.
Saylor’s tweet also pointed to impressive returns. With a quarterly return of 46.4% and an annual return of 72.4%, MSTR has established itself as a major player in the Bitcoin ecosystem.
SEC Gets a Humble Piece of the Pie
The next tweet about the cryptocurrency of 2024 comes from Brad Garlinghouse, CEO of Ripple, following a major development in the company’s legal battle with the SEC.
On November 29, Garlinghouse tweeted: “The SEC asked for $2B and the Court reduced their request by ~94%, admitting they overplayed their hand. This is a win for Ripple, the industry, and the law. The SEC’s obstacles to the entire XRP community are gone.”
Ripple’s legal battle with the SEC began in December 2020, when the agency accused the company of selling XRP as an unregistered security. The case quickly became a flashpoint for the cryptocurrency industry at large, reflecting growing tensions between regulators and the industry.
Ripple has consistently argued that XRP should not be classified as a security, citing its utility as a bridge currency for cross-border payments. The SEC, under Gary Gensler, has aggressively pursued the case as part of a broader crackdown on the industry.
In July 2023, Ripple won an initial partial victory when the court ruled that some XRP sales — particularly on the secondary market — did not constitute securities transactions. However, the case is far from over. The SEC continued to press ahead, seeking an unprecedented $2 billion fine from Ripple.
The turning point came in August 2024, when the court sharply reduced the SEC’s demands, ordering Ripple to pay a $125 million civil penalty—just under 6% of the original amount sought. While Ripple won this significant victory, the SEC’s subsequent appeal suggests that the legal battle may not be entirely resolved.
CZ vs. Meme Coin Fever
The next standout on the list of top crypto tweets of 2024 comes from Changpeng Zhao, aka CZ, the founder and former CEO of Binance.
On November 26, CZ expressed his concerns with the growing meme coin trend, tweeting, “I’m not against memes, but meme coins are getting a little weird. Let’s build real applications using blockchain.”
Meme coins took the crypto world by storm in 2024, dominating the cryptocurrency conversation and becoming the hottest sector in the space. While classic coins like Dogecoin and Shiba Inu set the stage, today’s craze is fueled by platforms like Pump.fun, which are designed to make issuing and trading meme coins as simple as posting a tweet.
Statistics back up the hype. According to Dune Analytics, meme coin trading on Pump.fun accounted for 62.3% of all decentralized exchange (DEX) activity on the Solana blockchain in November — a figure that has been steadily rising for months.
Among the most notable tokens are: Peanut the Squirrel, Just a Chill Guy, and Act I: The AI Prophecy. Each of these coins taps into quirky stories and speculative excitement, attracting traders from all over the crypto world.
Inverse Cramer Still Working
The eighth most notable tweet about the top cryptocurrency of 2024 comes from Jim Cramer, the outspoken host of CNBC's Mad Money and a controversial figure in the financial world.
On August 5, Cramer waded into the age-old debate between traditional assets and cryptocurrencies when he tweeted: “Remember this: gold holds its value much better than crypto…”
The post immediately sparked a backlash, especially from fans of the infamous “Inverse Cramer” phenomenon. The idea is simple: do the opposite of what Cramer recommends, and you’ll be more likely to make a profit.
Cramer’s tweet in August proved to be another classic example. At the time, gold was trading at $2,411 an ounce, while Bitcoin was around $54,000.
Back on December 20, gold inched up to $2,606 — a modest but respectable 8% gain. Bitcoin, on the other hand, soared to $98,000, posting a staggering 81% return in just a few months.
If you followed Inverse Cramer's strategy this year, it's safe to say you had a very profitable year.
Peter Schiff's Bubble Speech
The final tweet on our list of top crypto tweets of 2024 comes from Peter Schiff, Bitcoin’s most persistent critic and a strong advocate of gold.
On December 16, Schiff continued his criticism of Bitcoin, tweeting: “Congratulations to the Bitcoiners for blowing the biggest bubble ever.”
His post drew a comparison between Bitcoin's $2 trillion market capitalization and the $1.7 trillion valuation of dot-com companies at their peak before the infamous bubble burst.
The crypto community, predictably, did not want to let this go. Bitwise Investments' Jeff Park responded with a sarcastic reply: "Thanks for the insights, Peter. Keep up the good work!"
Schiff’s disdain for Bitcoin is nothing new. He has called it everything from a “Ponzi scheme” to “fool’s gold” since its early days. Despite his dire warnings, Bitcoin has defied expectations, climbing to new record highs and gaining widespread institutional adoption.
Ironically, Schiff’s relentless pessimism has turned him into an unofficial mascot for Bitcoin rallies. His criticism is often met with memes and tweets praising his uncanny ability to be wrong at the worst possible times. While Schiff is unlikely to change his views, his comments have become a source of entertainment for Bitcoin enthusiasts.
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