Elon Musk, Tesla’s billionaire that caused chaos in the value of cryptocurrencies this week, has remained outside the world of cryptocurrencies in recent years.
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The bitcoin price surge to $100,000 per bitcoin last year spurred unprecedented interest in bitcoin and crypto among Wall Street giants and incoming U.S. president Donald Trump—as Musk has declared a “financial emergency.”
Now, while China fights to get involved in a crisis that, according to some, could shoot the value of Bitcoin, a filtration has revealed that X of Elon Musk could be about to “imminently” launch a revolution in regards to Bitcoin and cryptocurrencies .
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“The new X code has just been submitted, revealing that X Payments will launch without the approval of all 50 states,” Alex Finn posted on the platform. “Which means X Payments can launch today. “
Since Musk bought Twitter and rebranded it as X, he has acquired cash transmission licenses in states across the country as part of a grand plan to make X a “do-it-all app” for WeChat in China.
“It turns out that X plans to release X cash in the United States before getting approval in all 50 states,” Macrumors researcher Aaron Perris said on the platform alongside a screenshot of the code, which has not been verified by the company itself. .
Earlier this week, X CEO Linda Yaccarino showed that banknotes will hit the social media platform in 2025 in the form of x cash with a variety of other features, telling other people to “buckle up. “
X Money’s confirmation has sparked a wild hypothesis that the platform can only use either bitcoin, crypto, or dollar pigging stable that use crypto generation to speed up and decrease transaction charges, with Musk’s Rocket’s spaceX recently connected to Tether’s dominant USDT stablecoin.
“You pay x one way or some other cryptocurrency,” Finn predicts in an X broadcast. “Crypto will probably be a smart amount of rails for payments [x]. “
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The bitcoin price has surged to around $100,000 per bitcoin, helped by Wall Street adoption, Donald … [+] Trump’s support and Tesla billionaire Elon Musk’s warnings of U.S. dollar collapse.
If Bitcoin and Crypto make it to X, some have predicted that it may cause a worthwhile Bitcoin boom similar to PayPal for Bitcoin and Crypto that helped unleash the Bitcoin Bull Run 2021.
While Musk has refrained from commenting directly on bitcoin or cryptocurrencies in recent years, his support for Trump in the run-up to November’s US presidential election has helped boost Bitcoin’s value as investors bet on Trump lead 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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