Musk Teases Twitter-Crypto Ties While Bitcoin Resurges into Limelight
• Bitcoin has exploded back into the limelight this year, triggering surprise interest from Wall Street investors as the price topped $70,000.
• Tesla CEO Elon Musk posted an image linking Twitter with his old payments company PayPal, teasing "The circle will be complete."
• Musk has hinted at integrating crypto payments into Twitter in 2024, sparking speculation he could allow purchases with coins like Bitcoin, Ethereum, and Dogecoin.
• In 2021, Musk's tweets about crypto would cause huge price swings, but he continues to be a major Bitcoin price mover.
• Tesla sold most of its Bitcoin but still holds nearly $700 million worth and accepts Dogecoin for merchandise, while SpaceX holds some crypto assets too.