Anthony Scaramucci, the founder of SkyBridge Capital, stated that the use of cryptocurrency in Elon Musk's upcoming super app project called X is possible.
Anthony Scaramucci, founder of SkyBridge Capital and former White House communications director, announced that Tesla CEO Elon Musk may add crypto integration to the X platform, which is branded as a super app. Scaramucci emphasized that it is still unclear which type of crypto Musk prefers, but he noted that "definitely some form of crypto will be used."
In an interview with Saxo Bank, Scaramucci noted that Musk wants to transform X into a comprehensive platform that combines messaging, payment systems, and social media features under one roof. The application that inspired Musk's vision is China's popular platform WeChat. Recently, X announced its in-platform digital wallet and instant payment service, X Money Account, in partnership with Visa. This step marked Musk's first tangible entry into the financial services sector for X, which he acquired for $44 billion in 2022.
Elon Musk will not issue his own token
Elon Musk has not yet made a clear statement regarding crypto integration on the X platform. However, in his previous statements, he explicitly stated that none of his companies would issue their own cryptocurrency. Nevertheless, Scaramucci believes that Musk will definitely include crypto usage on X.
Scaramucci also stated in the interview that although he criticized the economic policies of the Trump administration, he viewed its positive stance on crypto regulations as one of the rare positive moves of the administration. He also expressed that in possible economic uncertainty situations, Bitcoin (BTC) would show strong performance as both a protective measure against inflation and a risk asset.