Elon Musk Denies Development of X Cryptocurrency
In a recent statement, Elon Musk, the head of the popular X app (formerly known as Twitter), addressed rumors about the platform's potential creation of its own cryptocurrency.

In a recent statement, Elon Musk, the head of the popular X app (formerly known as Twitter), addressed rumors about the platform's potential creation of its own cryptocurrency.
Unprecedented worldwide adoption of cryptocurrencies and blockchain technology is being driven by significant investments.
According to him, BTC is among assets likely to protect wealth, but he warned in the event of an economic crash, the asset wouldn’t act as a buffer for incomes.
Interestingly, the strong dollar has directly translated to losses in other global fiat currencies, with investors mostly turning to BTC as a hedge.
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