Elon Musk Just Quietly Confirmed A Huge Bitcoin And Crypto Price Game-Changer
Now, as Tesla billionaire Elon Musk issues a "super fast" U.S. bankruptcy warning, the X owner has quietly confirmed a bitcoin and crypto market game-changer.
Musk sparked a fresh round of speculation over payments on the social media company he bought and rebranded from Twitter when he shared a screenshot of the app that included a $ button.
"My speculation is that "$" button is used for sending money to someone as a part of X Payments," app researcher Nima Owji posted to X—to which Musk replied: "True."
The confirmation pushed up the price of the meme-based dogecoin which has long traded on expectations that Musk could expand support for the cryptocurrency to X.
X, which Musk plans on developing into an "everything app" similar to the China-based Wechat, has been quietly acquiring money-transmitting licenses across the U.S. over the last couple of years.
Since Musk bought Twitter and rebranded it X, there has been widespread speculation that he could add support for bitcoin, dogecoin and other cryptocurrencies such as ethereum and XRP in a similar way PayPalPayPal 0.0% did in late 2020—kicking off the 2021 bitcoin price boom.