Elon Musk Has Quietly Primed The Crypto Market For An Explosive Bombshell That Could Play Havoc With The Price Of Bitcoin, Ethereum, XRP And Dogecoin

Update from August 31st below. This article was originally published on August 30th.

Elon Musk, Tesla TSLA According to a leak last week, the billionaire who shut down Twitter last year and renamed it X to make it "the app for everyone" may be considering a major "PayPal upgrade."

register He is now an advisor to Forbes CryptoAsset & Blockchain and successfully rides the roller coaster of the bitcoin and crypto markets.

The price of Bitcoin has skyrocketed this year, helped by Wall Street's preparations for the approaching $15.5 trillion bazooka, while major cryptocurrencies such as Ethereum, XRP, XRP and Dogecoin have also been restored.

Rhode Island regulators now have other cryptocurrencies. .

The latest information is especially needed at the start of a bull market! Sign up now for the free CryptoCodex , a daily newsletter for traders, investors and cryptocurrency enthusiasts who want to stay ahead of the market.

MORE FROM FORBES Leak Reveals Elon Musk, X And ​​Wall Street Could Hurt Bitcoin And Crypto Prices Thanks To Billy Bamber's 'PayPal Update'

“The news that Elon Musk has the backing of high-profile figures like Musk adds credibility to the industry and makes a difference in international markets,” said Caroline Bowler. , CEO of Melbourne-based bitcoin and BTC cryptocurrency exchange

BTC

Markets, please write comments.

“Could this mean that therefore.

However, this license is the second state money transfer operator license received by X, after Michigan, Missouri and New Hampshire, which were approved on July 5th. The Rhode Island license means that X now has seven Treasury operator licenses in the country.

Update August 31: Musk responded to X on a Dogecoin fan account, citing an X developer who denied that the platform "wants to release X coins for creators."

“Coins probably won’t be what we do,” the developer said . “We are more focused on making real money work wherever possible rather than using an alternative currency.”

Musk called the quote "correct" and was later bombarded with replies asking "Doge count as real." Money?" After this interaction, the price of Dogecoin rose, adding a 5% seven-day gain. By comparison, Bitcoin is up just 3% since this point last week.

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Curious MORE FROM FORBES Cryptocurrency is now bracing for the $15.5 trillion Wall Street earthquake in September following a shock drop in Bitcoin prices against Ethereum, XRP and Billy Bambra 's cryptocurrency.

It was revealed last week that Musk could turn X (Twitter) into "an upgraded version of PayPal."

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Fox Business Network correspondent Charles Gasparino reported on X. Musk was trying to find new sources of income for X. Last month, the media reported that Musk

rejected the idea that X could add an integrated trading platform to the application.

In July, Musk briefly added a Dogecoin token — to his X account amid a flurry of interactions with Dogecoin fan accounts — and Bitcoin and cryptocurrency watchers predicted that Musk’s plans for X could be “game-changing.”

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