Prepare for Impact: Elon Musk's X CEO Discreetly Affirms a 2025 Bitcoin and Cryptocurrency Pricing Explosion
After Donald Trump's election victory, Bitcoin and cryptocurrencies have experienced a significant surge—with a significant Bitcoin price increase now forecasted.
**Unlock over $3,000 in NFT, web3 and crypto perks — Apply now!****
The Bitcoin price, almost doubling over the past year, has skyrocketed due to a mix of Wall Street acceptance, Trump fervor, and apprehensions fueled by Elon Musk, Tesla's billionaire CEO and owner of X, that the US is on the verge of financial collapse.
Now, as Musk inadvertently caused the price of a minor Bitcoin rival to skyrocket by 2,000%, X's CEO Linda Yaccarino has indirectly confirmed that payments will be introduced to the social media platform in 2025.
**Sign up now for the free* *CryptoCodex*—*A daily five-minute newsletter for traders, investors, and the crypto-curious, designed to keep you updated and ahead during the Bitcoin and crypto market bull run
Elon Musk's X's CEO, Linda Yaccarino, has hinted at payments eventually being implemented on the social media platform Musk bought and rebranded from Twitter in 2025, after the company has gradually obtained necessary state licenses for transactions.
"In 2024, X transformed the world," Yaccarino wrote on X. "Now, you are the media! 2025 X will connect you in ways never thought possible. X TV, X Money, Grok, and more. Fasten your seatbelts."
However, neither Musk nor Yaccarino have explicitly linked Bitcoin or cryptocurrencies to payments on X, though whispers have circulated throughout 2024 that X may support cryptocurrencies or even attempt to replicate Facebook's 2019 failed endeavor to launch its own libra, Bitcoin-inspired digital currency.
Musk—who has continued to champion the meme-based Dogecoin while his electric car company Tesla still holds around $1 billion in Bitcoin—has expressed ambitions to turn X into an "all-encompassing app" akin to the China-based Wechat and has secured money-transmitting licenses in at least 25 U.S. states.
Since Musk acquired Twitter and rebranding it as X, there have been widespread speculations that he could include support for Bitcoin, Dogecoin, and other cryptocurrencies, similar to how PayPal did in late 2020.
**Sign up now for **CryptoCodex*—A no-cost, daily newsletter for the crypto-curious
PayPal, which Musk was among a powerful group of co-founders, has aligned itself with Bitcoin and cryptocurrencies in recent years, launching its own dollar-pegged stablecoin cryptocurrency after introducing support for Bitcoin, Ethereum, Litecoin, and Bitcoin Cash in late 2020. PayPal's support of Bitcoin and cryptocurrencies contributed to the 2021 Bitcoin price surge.
In October of 2023, a leaked "all-hands" virtual meeting at X revealed Musk's plans to expand X's financial services division, with prominent voices in the Bitcoin and cryptocurrency sector claiming the plan could spark a "critical mass" of crypto adoption.
"If it's about money. It'll be on our platform. Money or securities or whatever," Musk said at the time.
Musk—who has previously mentioned his desire to turn X into an "upgraded version" of PayPal—has contributed to the price increase of Bitcoin and major cryptocurrencies, including Dogecoin, by teasing crypto integration and adoption.
- Elon Musk, known for his interest in cryptocurrencies, especially Bitcoin, mentioned his plans to turn X into an "all-encompassing app" similar to WeChat, potentially hinting at the inclusion of Bitcoin and other cryptocurrencies.
- PayPal, with Musk as one of its co-founders, has embraced cryptocurrencies in recent years, offering support for Bitcoin and other digital currencies, contributing to the surge in Bitcoin price in 2021.
- Linda Yaccarino, the CEO of X, has not explicitly linked Bitcoin or cryptocurrencies to payments on the platform, but there have been rumors that X may support crypto transactions or even attempt to launch a digital currency akin to Facebook's failed libra project in 2019.
