Elon Musk Just Quietly Confirmed a Huge Game Changer for Bitcoin and Crypto Prices

Bitcoin returned to psychological milestone of $100,000 per Bitcoin after wild swings following a series of shattering leaks.

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The price of Bitcoin has skyrocketed since the election of Republican Donald Trump, whose administration is expected to trigger a “tipping point” in the price of Bitcoin.

NOW, as Tesla billionaire Elon Musk issues ‘super-fast’ US bankruptcy warningthe owner of

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ForbesFed Suddenly Reverses Huge $3 Trillion Bitcoin and Crypto Price BoomBy Billy Bambrough

Musk sparked a new round of speculation about payments from the social media company he bought and renamed Twitter when he common a screenshot of the app that included a $ button.

“I assume the “$” button is used to send money to someone as part of X Payments,” apps researcher Nima Owji. job to X – to which Musk replied: “TRUE.”

The confirmation sent the price of meme-based dogecoin, which has long traded on expectations that Musk might expand support for the cryptocurrency to X, soaring.

X, which Musk plans to develop into a “multi-purpose app” similar to China-based Wechat, has been quietly acquiring money transfer licenses across the United States over the past two years.

Since Musk purchased Twitter and renamed it same way.
Paypal
did so in late 2020, sparking the 2021 Bitcoin price boom.

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Forbes‘Huge things to come’: Bitcoin suddenly explodes as mysterious rumors of ‘nation-state’ adoption fuel crypto price boomBy Billy Bambrough

Dogecoin’s price has surged toward its 2021 high in recent weeks as the Musk-backed U.S. Department of Government Efficiency (Doge) skyrocketed interest in the cryptocurrency that shares its name .

Musk’s campaign against US overspending resulted in the creation of Doge, which Musk said he believes U.S. spending could be cut by $2 trillion..

The Doge department is a nod to the shiba inu doge meme which is also linked to the cryptocurrency dogecoin, referred to by Elon Musk as his “favorite” cryptocurrency and accepted as payment by his car manufacturer Tesla.

Doge’s teaming up with rival dogecoin bitcoin has caused dogecoin’s price to more than double over the past month, with billionaire Mark Cuban joking Musk could put dogecoin in the US Treasury.