Billionaire businessman Elon Musk, owner of X (formerly Twitter), used an interesting statement regarding cryptocurrencies in his statement today.
With the rise of cryptocurrencies that have emerged recently and have nothing to do with Twitter, Musk warned against such coins.
Replying to a user explaining that Elon Musk and X did not launch any cryptocurrencies, Musk said that he or his company X will never issue a cryptocurrency.
However, a recent report by Market Watch, citing its own sources, mentioned that US senators feared that Elon Musk would launch his own stablecoin. Musk thus announced that something like this would never happen.
In addition, a few days ago, there were speculations that Musk would create an exchange on Twitter and that crypto assets would be bought and sold on it, and Musk stated in his statement that there was no study on this issue.
However, new information emerged in January about “Twitter Coin”, a secret digital money project to be used on Twitter. However, it was clear that this project would not be based on crypto technology and would represent a local currency to be used for features on the platform. This project was already shelved.
*Not investment advice.