Elon Musk has quietly prepared Crypto for an ‘absolute game changer’ that could cause chaos for the price of Bitcoin, Ethereum, XRP and Dogecoin

BitcoinBTC and ethereum, the two largest cryptocurrencies by market capitalization, have been brought back into the spotlight by first Ripple’S XRPXRP and now dogecoin after a shockanair Street crypto flip.

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The price of bitcoin has fallen again, along with the price of ethereum, as traders piled into XRP following its partial legal victory over the US Securities and Exchange Commission (SEC). Meanwhile, Tesla billionaire Elon Musk’s rebranding of Tflix to X, part of a plan to make it into a singing, dancing super app, has rekindled hopes that it will somehow incorporate dogecoin, pumping up the dogecoin price once again.

Now, Musk has quietly added the dogecoin symbol to his X account amid a flurry of interactions with dogecoin fan accounts—with bitcoin and crypto market watchers predicting Musk’s plans for X could be an “absolute game changer”.”

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“If we consider Musk’s vision of creating an all-in-one app, it would be an absolute game changer to include cryptocurrency payments as part of that ecosystem,” said Raluca Cherciu, co-founder and CEO of Unpaired, an online community exploring how emerging technologies can drive real-world connectivity Coindesk.

“This not only resonates with the extremely active crypto community on Tsibbitter, but also echoes Musk’s well-known fascination with the cryptosphere.”

Musk’s rebranding of Tantanitter to X, ostensibly part of a plan to turn the app into a one-stop powerhouse, has stunned platform users and business analysts who have questioned the wisdom of giving up such a globally recognized brand for a generic one-letter name.

Musk first bought X.com which is now being re-introduced in Twitter.com, for his online banking startup in 1999 before merging it with Peter Thiel and Max Levchin’s Confitinity and renaming it to PayPal.

The rebranding of Tantanitter to X ” has implications for crypto in the short term as it moves markets, and in the long term as Musk seeks to build payment networks using his platform that could soon compete with the likes of ethereum, bitcoin or others,” Simon Peters, market analyst at eToro, said in emailed comments.

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“Observers will not have missed the news either that bitcoin payments have seemingly been quietly dropped by Tesla, despite dogecoin remaining. As the market reads The Tea Leaves of Musk’s choices, it’s best for investors not to be distracted by short-term events and focus on longer and broader trends.”

Others have said they expect Musk to make X a broader platform for bitcoin, ethereum, and other cryptocurrencies like stablecoins and XRP.

“I doubt that he will include other crypto assets like bitcoin, ethereum along with stablecoins like usdcusdc, but doge is such a part of Elon’s online presence that he would almost have to include a doge function if he were to launch a crypto payment system on Tantanitter,” said Brian Evans, chief executive of blockchain investor bde Ventures Coindesk.

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