How Elon Musk could put more crypto on Twitter after taking charge

business-standard.com:

After months of dramatic back-and-forth, Elon Musk has taken control of Twitter Inc., igniting emotions ranging from hope to anxiety among users who are bracing themselves for how the billionaire will put his stamp on the social-media platform. Crypto Twitter is no exception.

Digital-asset enthusiasts have long congregated on Twitter, where they’ve changed their profile pictures to images of themselves with “laser eyes” as a signal of their crypto support, posted irreverent memes about rising (and then falling) coin prices and re-tweeted threads from their favorite founders.

Musk, a prolific tweeter himself, has had a complicated relationship with crypto, seeming to embrace it one minute and belittle it the next. That hasn’t stopped industry supporters from imagining an expansion of Twitter’s blockchain features under his management that would broaden mainstream adoption. Their elation has likely helped boost interest in Dogecoin, Musk’s token of choice, which has soared days leading up to his finally sealing the deal.

Twitter has made its own forays into crypto. Co-founder and former Chief Executive Officer Jack Dorsey is one of the industry’s most well-known Bitcoin bulls, and under his leadership, the company introduced a feature to let users receive tips in Bitcoin, built a Twitter Crypto division and started Bluesky, a project dedicated to building a decentralized social media network that is now an independent company. Since Dorsey’s departure last November, Twitter has added Ether tipping, nonfungible token profile pictures and USD Coin stablecoin payments for a select group of creators.

It’s unclear what will happen to these efforts under the leadership of Musk, who’s been notoriously mercurial about crypto and