Elon Musk’s X To ‘Launch Something’ To Fix Crypto Problems? Product Head’s Post Sparks Buzz

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Nikita Bier, Head of Product at X, sent speculations soaring on Monday after he proposed a solution to counter challenges faced by the cryptocurrency market this year.

What Is X Up To?

In an X post, Bier said that the market has had a rough year and X could “launch something” to fix the problems.

The sector has indeed faced strong headwinds so far, with the total market capitalization shrinking 16% to $2.52 trillion.

The post quickly drew several replies from cryptocurrency-focused accounts, including those of Solana (CRYPTO: SOL), Pudgy Penguins (PENGU) and Bitcoin (CRYPTO: BTC) veteran investor Fred Krueger.

In fact, Kruger straight-up asked Bier to integrate native Bitcoin support into X.

Something To Do With X Money?

Other users speculated about the possibility of cryptocurrencies getting integrated as a payment option on the upcoming X Money service.

As of this writing, X Money claims to use fiat …

Full story available on Benzinga.com

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