“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE,” said Brian D. Evans, CEO and founder of BDE Ventures.
Will Dogecoin X Break Into Mainstream?
Although cryptocurrencies have approached mainstream acceptance, particularly during the bull market that concluded in 2021, they haven’t quite broken through.
Musk’s move to allow crypto payments via X might not universally push crypto adoption, but given the platform’s vast user base, it could definitely widen its use.
Evans speculated, “I suspect that he’ll incorporate other crypto assets such as Bitcoin, Ethereum along with stablecoins like USDC, but DOGE is such a part of Elon’s online presence that he would almost have to include a DOGE function were he to launch a crypto payments system on Twitter.”
X: Musk’s Crypto-Enabling Legacy
Musk’s plans for a platform dubbed X can be traced back to his tenure at PayPal. Interestingly, before PayPal merged with Confitinity, its name was X.com – a URL now owned by Musk and redirected to Twitter.
