Bitcoin (BTC) $101,782.3 price It dropped more than $5,000 and hit a daily bottom for now at $96,577. For altcoins, the decline was much more painful. The decline was sharp today with the opening of the stock markets after the US data came against the risk markets. At the time of writing the article Elon Musk with cryptocurrencies made relevant statements.
Elon Musk Cryptocurrency Statement
The mischievous billionaire was much more compassionate towards cryptocurrencies in 2021. Things changed with the story of environmental damage from mining in mid-2021. Over time, Elon Musk also made statements saying that he was no longer interested in cryptocurrencies. Afterwards, we saw some features being withdrawn, including adding NFT to the profile picture.
As we recently announced, X (formerly Twitter) payment services will be launching soon. X Payment services will be launched in all 50 states before licensing (will be unavailable in non-licensing states).
Before of cryptocurrencies Although there were comments that it would be included here, Elon Musk said the following in the Space broadcast he attended today;
“In the near future X Payment There will be no cryptocurrencies in their services. We need licenses. I focus only on fiat currencies. I am focusing on launching X Payment services really well.”
Elon MuskIt’s positive that ‘s not closing the door completely because we already knew crypto wasn’t going to be here. We confirmed this in our recent announcement. However, if things get easier with Trump’s regulatory clarity and licensing frameworks, perhaps Elon Musk will want to integrate cryptocurrencies before the end of the year. Why would he hesitate to do this when he knew he would make more money?
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
