Tech billionaire Elon Musk has put an end to speculation about the possibility of Twitter or "X" launching its own cryptocurrency token. This revelation came in response to a user's tweet, where they warned against the misinformation that claimed Elon Musk and "X" had launched a crypto token. Musk's reply was straightforward, stating, "And we never will."
This statement, however, doesn't entirely rule out the inclusion of cryptocurrency-related features in the future rebranded "everything app" by "X." While this rejection is significant, Musk's history with digital assets, particularly his affinity for Dogecoin (DOGE), suggests there might be room for reconsideration.
Elon Musk's involvement with Dogecoin, a memecoin initially created as a joke, has been notable. He famously altered Twitter's logo to the Shiba Inu dog, the symbol of Dogecoin, resulting in a significant increase in the token's value and a subsequent lawsuit for alleged insider trading.
Musk's stance on cryptocurrency has been ambiguous over time. In the past, Dogecoin developers mentioned collaborating with Musk to create a more eco-friendly alternative to Bitcoin. News also emerged about a product in development that would support crypto payments, though the specific token remained undisclosed.
Despite the rejection of the notion of a TwitterCoin or XCoin, it's not entirely implausible that cryptocurrency could have a place in Musk's future endeavors. While he may have firmly denied the launch of a crypto token, his history of mixed signals leaves the door open for potential cryptocurrency involvement in his upcoming ventures
