Elon Musk’s X to Enable Trading of Stocks and Cryptocurrencies
- X will introduce “Smart Cashtags” allowing users to trade stocks and cryptocurrencies directly from their timelines.
- The platform’s in-house payment system, X Money, is currently in internal testing and will launch for select users within one to two months.
- Tesla holds a total of 11,509 bitcoin on its balance sheet, reduced from an initial investment of 42,300 BTC.
- SpaceX controls approximately 8,285 BTC, showcasing Musk’s ongoing involvement in the cryptocurrency space.
- Musk has previously supported Dogecoin, stating that SpaceX would accept it for merchandise sales.
The introduction of trading features on X represents a significant expansion into financial services for the platform, aligning with Musk’s vision of creating an all-in-one app for user interactions and transactions.
With Tesla holding over 11,500 bitcoin and plans for integrated trading features, X aims to transform how users engage with financial markets directly through social media.(Source)
