“Fasten your seatbelt” – Elon Musk’s X CEO quietly confirmed Bitcoin and cryptocurrency price surprises in 2025

Bitcoin and cryptocurrencies have surged in the wake of Donald Trump’s election victory A “significant” movement in Bitcoin price is now expected.

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The price of Bitcoin has more than doubled over the past year, It rose on a combination of Wall Street adoptionTrump’s enthusiasm Fears raised by Tesla billionaire and X owner Elon Musk that the US is teetering on the brink of financial collapse.

now, Musk inadvertently caused the price of competing cryptocurrency Bitcoin to rise by 2,000%.X CEO Linda Yaccarino, quietly confirmed that payments will arrive on the social media platform in 2025.

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ForbesTesla CEO Elon Musk issues US bankruptcy warning amid calls for Bitcoin-inspired ‘reform’by Billy Bambrough

Elon Musk Built State licenses to handle transactions.

“In 2024, X changed the world,” Yaccarino to publish To X. “Now, you’re the media! 2025

However, neither Musk nor Yaccarino directly mentioned bitcoin or cryptocurrencies in relation to payments on X, although rumors have been circulating well into 2024 that Of Bitcoin Libra. .

Musk — who has continued to support the meme-based Dogecoin over the past two years, while his electric car company Tesla still owns about $1 billion worth of bitcoin — said he wants to turn X into an “everything app” similar to China-based Wechat and its acquired Money transfer licenses in at least 25 US states.

Since Musk bought Twitter and renamed it X, there has been widespread speculation that he could add support for Bitcoin, Dogecoin, and other cryptocurrencies in a similar way.
PayPal
I did in late 2020.

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Forbes“The virus is spreading” – Bitcoin is suddenly poised for a “big” price move in 2025by Billy Bambrough

PayPal, where Musk was among an influential group of founders, has turned to bitcoin and cryptocurrencies over the past few years, launching its own dollar-pegged stablecoin after introducing support for bitcoin, ethereum, litecoin, and bitcoin cash in late 2020. Support for bitcoin and cryptocurrencies has helped… Bitcoin price bull run for 2021 begins.

In October of 2023, a leaked virtual “all-hands” meeting at X revealed Musk’s plans to grow X’s financial services arm, With prominent voices in the bitcoin and cryptocurrency space describing the plan as something that could spur a “critical mass” of cryptocurrency adoption.

“If it’s about money, it’s going to be on our platform. Money, securities, or whatever,” Musk said at the time.

musk, who previously said he wanted to turn X into a “refreshed version” of PayPalThe price of Bitcoin and other major cryptocurrencies, including the meme-based Dogecoin, has helped rise over the past few years as it sparks cryptocurrency integration and adoption.