Breaking News:
Elon Musk's "X" is about to become the largest player in the cryptocurrency market.
Today, it was officially announced that X will launch cryptocurrency trading directly on its timeline.
This is expected to happen in the coming weeks, and most people are underestimating its impact.
X's monthly active users are close to 600 million, which is more than 50 million more than the global cryptocurrency users.
In several countries, X is the most visited social application, with total downloads exceeding 1 billion.
Compared to any cryptocurrency exchange, X is by far the largest platform offering cryptocurrency trading.
Elon Musk's other companies, such as Tesla and SpaceX, already hold Bitcoin, and now X is taking it a step further.
I know many people are looking forward to a significant price increase, but this will be a long-term process.
Just as ETFs did not immediately start a bull market, the impact of this announcement will also take time to materialize.
But once X fully commits to cryptocurrency, hundreds of millions of new users will enter the cryptocurrency space, leading to a parabolic increase in the adoption rate and price of cryptocurrencies.
