Is Twitter Going to Become a Crypto Platform?
Cryptocurrency prices and the stock market have had a terrible week, with Tesla (TSLA) among the largest losses.
Nevertheless, Elon Musk's successful, troll-tastic takeover attempt for Twitter has lit up Crypto Twitter (TWTR).
Why is the world's wealthiest person so enthused about taking control of the cryptocurrency platform they prefer? Crypto enthusiasts are usually proponents of decentralization and democracy in the system.
He's also buddies with Jack Dorsey, another ardent Bitcoiner and Dogecoin (DOGE) and Bitcoin (BTC) "hype man" at the top of the heap.
Freedom, Open-source, Community.
In the New Digital Age, these are the keywords. It gives users the impression that they are not compromising their Web3 principles by continuing to use Twitter. Isn't that what life is all about?
For IT businesses, cryptocurrency ownership is the next craze, and it's catching on fast. Remember how MicroStrategy (MSTR) was written off as a dinosaur in the 1990s, only for it to launch the comeback of the century after purchasing BTC for its financial sheet?
MSTR surged 172 percent in 2020, making it one of the hottest stocks of the year!