Elon Musk Signals the Future Potential of Cryptocurrency in Payment Services

Bitcoin has dropped more than $5,000, currently touching the lowest level of $96,577 of the day. This decline is particularly severe for altcoins. After negative data from the US affecting the risk market, the stock market has seen a sharp decline today. Meanwhile, Elon Musk made comments related to cryptocurrencies. Elon Musk's Comments on Cryptocurrency This eccentric billionaire has leaned more towards cryptocurrencies in 2021. However, the narrative around the environmental impact of mining shifted in mid-2021. Over time, Musk appeared disinterested in cryptocurrencies, leading to the removal of some features, including adding NFTs to his profile picture. Upcoming Payment Services on X As we have previously announced, X (formerly known as Twitter) will soon launch a payment service. These services will be available without a license in all 50 states, although they will be limited in states without a license. Despite previous hints at bringing cryptocurrency in, Musk has declared in a recent broadcast on Space:

"In the near future, X Payments will no longer support cryptocurrencies. We need a license. I'm only focusing on fiat money. I'm focusing on launching the X Payment service effectively." Musk's reluctant rejection of this idea is a positive sign, as the absence of cryptocurrency has been predicted. Our recent announcement has confirmed this. However, with the clarity of potential regulatory and licensing frameworks under the Trump administration, Musk may consider integrating cryptocurrency before the year ends. Why is he hesitant to pursue additional profits?

DYOR! #Write2Earn #Write&Earn $BTC {spot}(BTCUSDT)