When Elon Musk entered Twitter's headquarters with a kitchen sink in hand, expectations soared: everyone hoped he would change not only social media but also the world of cryptocurrencies. Many participants in the crypto industry speculated that Musk, previously an influential figure in digital currencies, would take even bolder steps. However, as the industry experiences a prolonged bear market, Musk has distanced himself from the crypto sector and openly stated his indifference—until new events drew public attention once again.

Elon Musk's Challenging Journey in the Crypto Industry
After 2020, Musk became a central figure in discussions about cryptocurrencies, enjoying the role of a catalyst for speculation. Events—from China's massive bans to concerns about Bitcoin's environmental impact, which led to its removal from Tesla's balance sheet—all became part of the story. His mysterious tweets about digital coins often sparked the creation of new tokens, some of which, like Shiba Coin and Baby Doge, still exist, while many others have faded into obscurity.

Elon Musk's Challenging Journey in the Crypto Industry Expectations for Cryptocurrencies on X
Expectations for cryptocurrencies on X
Musk's support for Dogecoin went as far as jokingly suggesting that the coin should "go to the Moon." On February 3, a fan asked him about this mission, to which Musk replied: "DOGE to the Moon is inevitable." This fueled hopes that after acquiring Twitter, Musk would implement crypto payments on the platform. However, when Twitter transformed into X and months passed, Musk showed little interest in integrating cryptocurrencies, disappointing enthusiasts.

Recently, rumors have reignited: claims have emerged that X, under Musk's leadership, will soon offer direct cryptocurrency trading services. X's product director quickly responded to these rumors circulating on social media.

"Nikita Bir stated that Smart Cashtags will be launched in a few weeks, allowing users to trade stocks and crypto directly from their feed," — was claimed in one of the widely circulated posts.

However, Bir quickly denied any plans to launch trading services.

"This is incorrect. X does not conduct transactions and does not act as a broker. We are simply creating financial data tools and connections," — explained Nikita Bir.

X Money, an initiative in the financial sector