August 9, 2023<\/p>\n\n\n\n
By Anjali Kochhar<\/p>\n\n\n\n
In a definitive statement, tech billionaire Elon Musk has put an end to years of speculation about Twitter or its rebranded version, X, launching their own cryptocurrency token. Responding to a Twitter user’s post that falsely claimed the launch of a crypto token by Musk and X, he straightforwardly said, “And we never will.”<\/p>\n\n\n\n
While this means that there won’t be a Twitter-led cryptocurrency initiative, it doesn’t rule out the possibility of cryptocurrency support or related features in X’s future plans. X is aiming to become an “everything app” after a significant rebranding effort.<\/p>\n\n\n\n
Elon Musk is well-known for his enthusiasm for Dogecoin (DOGE), a memecoin originally created as a playful gesture in the crypto community. Last year, Musk made headlines when he acquired Twitter for $44 billion and replaced its iconic blue bird logo with the image of a Shiba Inu dog, the symbol of Dogecoin. This move caused Dogecoin’s value to rise by 20% and led to Musk facing a $258 billion lawsuit alleging insider trading and racketeering.<\/p>\n\n\n\n
Musk’s involvement with digital assets has been marked by mixed signals and occasional hints. In 2021, developers of Dogecoin revealed that they had been working with Musk for years to create a more affordable and eco-friendly alternative to Bitcoin. Earlier this year, reports emerged suggesting that Twitter was developing a product to support cryptocurrency payments, but the specific token to be used remained undisclosed.<\/p>\n\n\n\n
While the possibility of a TwitterCoin or XCoin seems unlikely at the moment, the door does not appear to be completely closed for Musk’s future ventures involving cryptocurrency.<\/p>\n\n\n\n
Overall, Musk’s statement serves as a clear rejection of the rumours about a Twitter-led crypto token, but it leaves room for speculation about his potential future involvement with digital assets. As always, the crypto community will keep a close eye on Musk’s moves, given his history and influence in the space.<\/p>\n\n\n\n
About the author<\/strong><\/strong><\/p>\n\n\n\n Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.<\/p>\n","protected":false},"excerpt":{"rendered":" August 9, 2023 By Anjali Kochhar In a definitive statement, tech billionaire Elon Musk has put an end to years of speculation about Twitter or its rebranded version, X, launching […]<\/p>\n","protected":false},"author":1,"featured_media":3968,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/3964"}],"collection":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/comments?post=3964"}],"version-history":[{"count":1,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/3964\/revisions"}],"predecessor-version":[{"id":3969,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/3964\/revisions\/3969"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/media\/3968"}],"wp:attachment":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/media?parent=3964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/categories?post=3964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/tags?post=3964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}