Featured Image Credit: Steve Granitz / Contributor / Matt Cardy / Contributor / Getty
Not content with having Tesla, SpaceX, and X (still Twitter to some) under his belt, it looks like Elon Musk could be about to expand the X family even more in 2025.
No matter what you think about the world's richest man, his bank balance shows that he's got a knack for making a few dollars.
You only have to look at how Musk's wealth has soared from him first making Forbes' Billionaires List with just $2 billion in 2012. 2024 was a massive year for him, and as well as becoming the first person ever to be worth more than 40 billion, many believe Musk is on track to become the world's first trillionaire.
Advert
It's no secret that Mr. Musk is a fan of cryptocurrency, and this has only helped his bank balance in a post-election boom for the likes of Bitcoin. Dogecoin might be Musk's preferred crypto of choice (even heading up the Department of Government Efficiency that's seemingly named after it), but there's no escaping Bitcoin's power.
Multiple sources are now reporting that X payments are on the way, possibly sitting under the new banner of 'X Money'.
On January 2, Influencer Alex Finn wrote: "New X code has just shipped that reveals X Payments will launch without approval from all 50 states. Meaning X Payments could launch today."
Although that obviously didn't happen, Finn isn't alone in his musings. MacRumors' contributing researcher Aaron Perris added: "X Money might launch without needing approval from all 50 states."
X CEO Linda Yaccarino has promoted the idea, saying that payments will be integrated into X in 2025, hoping to turn the platform into an 'everything app' similar to Tencent's WeChat.
Since acquiring Twitter in 2022, Musk has done far more than just roll out his X rebrand. It's been noted that he's been quietly buying money transmitter licenses in the background, and although crypto hasn't been confirmed, Yaccarino telling people to 'buckle up' has sparked plenty of theories.
🚨BREAKING: X PAYMENTS LAUNCHING IMMINENTLY
— Alex Finn (@AlexFinnX) January 2, 2025
New X code has just shipped that reveals X Payments will launch WITHOUT approval from all 50 states
Meaning X Payments could launch TODAY
Creators could start earning WAY MORE money immediately
States it will be available:
1.… pic.twitter.com/8Wej1XrIQK
Remembering that Musk's Space X was recently linked to Tether's USDT stablecoin, Finn added: "X payments in one way or another will support cryptocurrency. Crypto will probably be a good amount of rails for [X] payments."
As Forbes noted, X supporting Bitcoin could lead to a spike similar to when PayPal adopted the currency in 2021. Various experts had already predicted a record-breaking Bitcoin leap to $250,000 in 2025, and if X Money is on the way, it could even exceed that. We've already crossed the $100,0000 milestone, and with prices seeming to hold steady around this mark, Bitcoin looks set to continue its upward trajectory.
While Musk has shied away from talking too much about Bitcoin and has previously warned of a 'financial emergency', the fact Tesla holds a beefy 10,000 Bitcoin (worth about $1 billion) is the biggest clue that he's not averse to a bit of mining himself.
