Musk is forging a 'financial engine' for X, and if the super app with a billion users ventures into crypto, the market landscape may be reshaped!
Elon Musk's strategic layout is becoming increasingly clear: X, formerly Twitter, is transitioning from a social platform to a comprehensive financial platform.
Why is the potential for cryptocurrency features extremely high?
Musk has a deep connection to crypto: a single tweet from him can trigger dramatic fluctuations in tokens like DOGE, and Tesla has previously accepted Bitcoin payments.
The user base brings disruptive potential: with a global user base of one billion, even a small percentage of users trying crypto transactions will bring in massive amounts of capital and attention.
Short-term market impact outlook:
Significant bullish expectations: 'Musk concept' tokens like DOGE will be the first to benefit, and Bitcoin's leading position will also be solidified.
Market volatility will increase: Musk's influence will be amplified by financial features, and price linkage risks must be monitored.
Successful implementation means:
Content payments may directly use cryptocurrencies like BTC.
Creator economy such as NFT sales can be completed within the X ecosystem in a closed loop.
There may even be exploration of more innovative financial scenarios, such as using specific tokens for payments.
Important note: Relevant financial licenses are still under application, and the crypto features have not yet been officially confirmed. However, its potential influence cannot be ignored; whether success or failure, it will disturb market nerves!
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