Elon Musk: None of My Companies Will Issue 'Crypto Tokens'

Elon Musk: None of My Companies Will Issue 'Crypto Tokens'
фото показано с : bitcoinmagazine.com

2023-11-7 15:34

It appears X, Tesla, SpaceX, Neuralink, and xAI won't be issuing their own cryptocurrency anytime soon.

Announced on X late last week, Elon Musk has declared that none of his companies will be launching a cryptocurrency token, in a move that underscores a shift in the tech industry's attitude toward competing with Bitcoin as a digital currency. 

This announcement is particularly noteworthy in light of X (formerly Twitter), which recently announced its intention to transform into a platform for financial services. Previously, there had been speculation that Musk might integrate Dogecoin, a cryptocurrency he has vocally supported in the past, into his companies' operations.

Under the leadership of Jack Dorsey, Twitter was known for its pro-Bitcoin stance, actively incorporating new features like Bitcoin tipping, a feature that has attracted him to the upstart social network, Nostr. However, Elon Musk has seemed to walk back that support, creating questions about his intentions.

Musk's decision not to launch a crypto token carries significance, as it suggests that the concept of issuing worthless cryptocurrencies is losing favor among prominent Silicon Valley tech leaders. 

This shift in sentiment could be attributed to the increasing regulatory scrutiny and uncertainty surrounding the cryptocurrency industry, or simply the failures over the last decade for any crypto token to differentiate from Bitcoin. 

With Musk's reputation as a tech visionary and influencer, his statement may influence other tech leaders and entrepreneurs, to put the idea to rest as well.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0.0095806 (+7.58%)
Объем 24H $0
Изменеия 24h: 2.35 %, 7d: -7.78 %
Cегодня L: $0.0086651 - H: $0.0095806
Капитализация $183.154k Rank 1690
Доступно / Всего 19.117m EMD / 32m EMD

issue elon companies crypto musk none xai

Источник: bitcoinmagazine.com

issue elon → Результатов: 34


Ex-NYSE Chief: Don’t Believe Anything Tesla Says

Former New York Stock Exchange President Thomas Farley took the gloves off in a savage takedown of Elon Musk and his complicated relationship with the truth, asking: “How do you even triage the false and misleading claims that come out of Tesla to decide which ones to take issue with?” His statement came in response […] The post Ex-NYSE Chief: Don’t Believe Anything Tesla Says appeared first on CCN Markets

2019-8-8 16:59


‘Code Red’ for Tesla: 80% Drop Forecasted as Stock Sinks to $192, a 30-Month Low

By CCN: Within one month, the share price of the Tesla stock has dropped by a staggering 27 percent as it plunged below the $200 level for the first time since 2016. The intensifying downtrend of the Tesla stock is said to have been triggered by a barrage of negative factors including CEO Elon Musk’s admittance of a cash flow issue at the company and the decline in the exports of its flagship models further fueled by the ongoing U.

2019-5-23 13:37


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Revolut’s crypto exchange goes live as Bitbot’s presale surpasses $3.2M

Key takeaways London-based Revolut has launched Revolut X to compete with leading crypto exchanges. Bitbot’s presale has now officially crossed the $3. 2 million mark. Revolut X is now live for experienced traders Financial institutions continue to troop into the cryptocurrency space and London-based Revolut will not be left out.