Elon Musk Debunks Scam Token Claims, Says No Crypto Plans For X: 'We Never Will'
Portfolio Pulse from Bibhu Pattnaik
Elon Musk has debunked claims that Twitter, now rebranded as 'X', has plans to launch any crypto tokens. Musk responded to a post by DogeDesigner, addressing the issue of scam tokens like X (X) and TwitterDAO (TWITTER) fraudulently asserting connections to the social media platform. Musk emphasized that neither he nor X had ever initiated a crypto token and they never will.
August 05, 2023 | 5:41 pm
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NEUTRAL IMPACT
Elon Musk's response to a question about Dogecoin being 'the chosen one' was not directly addressed, leaving the future of Dogecoin uncertain.
Elon Musk's non-response to a question about Dogecoin being 'the chosen one' leaves the future of Dogecoin uncertain. This could lead to speculation among investors, but without a clear direction from Musk, the impact on Dogecoin's price is likely to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Elon Musk's statement that Twitter (now 'X') has no plans to launch any crypto tokens may impact investor sentiment, as it clarifies the company's stance on cryptocurrency.
Elon Musk's clarification about Twitter's stance on cryptocurrency may impact investor sentiment. However, as the company has not announced any plans to enter the crypto space, the impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100