Tech billionaire Elon Musk has made an announcement that has sent shockwaves through the cryptocurrency community, sparking widespread excitement and discussion.
Tech mogul Elon Musk recently made a stunning announcement on the X social media platform. This unexpected revelation, likely accompanied by a promotion, elicited a remarkable and enthusiastic response from both crypto Twitter and regular members of the platform’s community.
Elon Musk’s Announcement on X Platform
Elon Musk took to the X social media platform to announce his plan to discontinue using his phone number in favor of solely using the X app for text messages and audio/video calls in the coming months. Although these features have yet to be implemented, Musk had previously mentioned that the developer team was working on integrating them.
In a few months, I will discontinue my phone number and only use X for texts and audio/video calls
— Elon Musk (@elonmusk) February 9, 2024
The announcement garnered mixed reactions from cryptocurrency fans and regular X platform users. While some expressed enthusiasm, others voiced concerns. Prominent crypto YouTuber Lark Davis mentioned that he might also transition to using the X app. Additionally, an avid XRP supporter, @XRPcryptowolf, once again inquired about the possibility of adding XRP as a payment method to the platform.
Might follow suit…
— Lark Davis (@TheCryptoLark) February 9, 2024
Several users raised questions regarding the removal of phone numbers from X accounts. They sought clarification on whether this would be a mandatory action for all users.
Impact of Musk’s Decision on X Platform
Elon Musk’s decision to transition solely to using the X app for communication may attract a significant influx of users to the platform. However, it could also deter those concerned about the growing dominance of technology in people’s lives.
Some individuals may follow Musk’s lead and opt to use their cell phones primarily for accessing the X app rather than traditional telephone functions. If this trend gains momentum, cellular service providers may face substantial financial losses in the future.
Despite differing opinions, Musk’s move represents a significant step towards the digitized future anticipated by many cryptocurrency enthusiasts.
This plus Starlink and we have a new world
— James CryptoGuru (@Jamyies) February 9, 2024
Musk’s Response to Media Predictions
Earlier this week, Elon Musk addressed multiple articles in the mainstream media that forecasted the collapse of one of his companies over the past years. The billionaire quipped that if he received a dollar each time he encountered such a headline, he would not need to raise money.
Comparison to Bitcoin’s Resilience
Gurbacs, a digital currency advisor for VanEck and Tether, drew a parallel between Musk’s experience and the resilience of Bitcoin. He highlighted that Bitcoin has been declared dead over 400 times, emphasizing its ability to withstand challenges and continue thriving.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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