Elon Musk, the Tesla billionaire who accidentally caused crypto price chaos this week, has hovered on the fringes of the crypto world in recent years.
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The fall of Bitcoin’s value at $ 100,000 last year aroused an unprecedented interest in Bitcoin and cryptocurrencies between Wall Street giants and the new president of the United States, Donald Trump, when Musk declared a “financial emergency. “
Now, as China races to involve a crisis that some say may send Bitcoin’s value through the roof, a leak has revealed that Elon Musk’s X may be poised to launch an ‘imminently’ ‘imminent’ bitcoin and Bitcoin crypto swap.
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“The newly delivered X code shows that X bills will be introduced without approval from all 50 states,” X influencer Alex Finn said on the platform. “Which means that bills X could be introduced today. “
Since Musk bought Twitter and rebranded it X he has been acquiring money transmitter licences in states across the country as part of a grand plan to grow X into an “everything app” similar to China’s WeChat.
“It appears that X is making plans to publish code, which has been verified by the company itself.
Earlier this week, X CEO Linda Yaccarino demonstrated that Bills will be coming to the Social Media Platshape in 2025 in the form of Aterray
X Money’s confirmation has sparked wild speculation that the platform could use or support bitcoin, crypto or dollar-pegged stablecoins that use crypto technology to speed up and reduce the cost of transactions, with Musk’s rocket company SpaceX recently being linked to Tether’s dominant USDT stablecoin.
“X payments in one way or another will support cryptocurrency,” Finn predicted in an X broadcast. “Crypto will probably be a good amount of rails for [X] payments.”
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Bitcoin value has risen to around $100,000 consistent with Bitcoin, helped through Wall Street adoption, DonalDarray. . . []Trump and Tesla warnings billionaire Elon Musk opposed US dollar cave .
If bitcoin and crypto do come to X, some have predicted it could cause a bitcoin price boom similar to PayPal’s support for bitcoin and crypto that helped kick off the 2021 bitcoin price bull run.
While Musk has refrained from commenting on bitcoin or crypto directly in recent years, his support of Trump in the run up to the November U.S. presidential election helped drive the bitcoin price higher as traders bet on Trump leading a pro-bitcoin and crypto administration.
Musk also campaigned against excessive U.S. spending, resulting in the creation of the Doge Department Of Government Efficiency, which Musk has said he believes could strip $2 trillion from U.S. spending.
The Doge branch is a nod to the Shiba Inu Doge meme, which is also related to the Dogecoin cryptocurrency, named by Elon Musk as his “favorite” cryptocurrency and accepted as payment through his Tesla car company — well, which Tesla continues to hold. 10,000 Bitcoin around Bitcoin around Tesla Adroft. mil million dollars on his balance sheet.
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