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Bitcoin on X? Elon Musk opens the door to this possibility

Fri 12 Jan 2024 ▪ 3 min read ▪ by Mikaia A.
Getting informed

Yesterday, Elon Musk spoke with Cathie Wood about an X Space and shared his thoughts on bitcoin. The American billionaire, confirming his holding of DOGE and BTC via SpaceX, reassured by stating that he is “open to the idea of using bitcoin on X”.

Photo d'Elon Musk, logos de bitcoin et de X

X (Twitter) to be bitcoin-friendly soon?

The question arises: Will X (Twitter) become bitcoin-friendly soon? Elon Musk, on his part, does not plan a crypto linked to X. As for the integration of bitcoin into his “everything app,” the response from the crypto community will not go unnoticed.

Musk doesn’t dismiss the idea of integrating bitcoin on X

“Elon Musk stated in an X space with Cathie Wood that he is open to the idea of using Bitcoin on X.”

Based on Musk’s interventions during the X space titled “ARK 21Shares Bitcoin (ARKB) Approved”, Benzinga pointed out the “usually passive stance” of the CEO of Tesla and SpaceX on cryptocurrencies.

I don’t spend much time thinking about bitcoin,” he specified. This does not prevent an openness “to the idea of using bitcoin on X”.

In other words, the holding of bitcoins via SpaceX and many Dogecoins (DOGE) in his personal wallets does not reflect a special admiration for these digital assets.

Another crucial point: Elon Musk reportedly refused at one point to discuss the bitcoin topic during the exchanges, which earned him a trolling by the bitcoin community, currently very popular on social media.

Bitcoin maximalists mocked Elon Musk

Here is a video of Bitcoin maximalists trolling Elon Musk for having a different viewpoint on Bitcoin and not wanting to talk about it on Cathie Wood’s space. This behavior is a significant weakness for bitcoin.

These maximalists consider it a victory to publicly troll influential figures like Elon Musk, rather than engaging in a constructive conversation with someone who has such a significant platform.

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Mikaia A. avatar
Mikaia A.

La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.