Elon Musk

<p class="is-style-lead">On July 23, Elon Musk announced that Twitter’s iconic bird would be replaced with X. As the rebranding took place today, it didn’t take long for Crypto Twitter to react.</p> 
<h2 class="wp-block-heading" id="musk-decides-on-rebranding-in-one-day">Musk decides on rebranding in one day</h2> 
<p>On July 23 morning, Musk sparked widespread debate by announcing that he could change Twitter’s logo to X. </p> 
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   <p lang="en" dir="ltr">If a good enough X logo is posted tonight, we’ll make go live worldwide tomorrow</p>— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1682965462886535168?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 23, 2023</a> 
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<p>Crypto Twitter seemed to be split on the subject of the alterations. Many investors, journalists, and entrepreneurs consider Twitter to be a safe haven.</p> 
<p>According to Trust Machines marketing head Dan Held, Twitter is “iconic,” and Musk is “insane” to propose renaming it as X.</p> 
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   <p lang="en" dir="ltr">Insane that Musk would rebrand as something as iconic and topical as Twitter to “X” 🤦‍♂️</p>— Dan Held (@danheld) <a href="https://twitter.com/danheld/status/1683178241786347521?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 23, 2023</a> 
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<p>Similarly, crypto blogger Tiffany Fong said she would continue to refer to the service as Twitter, underscoring the platform’s historical identity and importance to the sector. Peter McCormack, a podcast presenter, echoes her feelings by rejecting the X branding.</p> 
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   <p lang="en" dir="ltr">sorry dude, i’m still callin it twitter.</p>— Tiffany Fong (@TiffanyFong_) <a href="https://twitter.com/TiffanyFong_/status/1683181493290430464?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 23, 2023</a> 
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<p>Despite the pessimism, some crypto advocates support Musk’s vision and point to his tweet from October, in which he hinted at the development of a super-app that will incorporate everything. </p> 
<p>Jeff “Jiho” Zirlin, co-founder of Axie Infinity, provides more context for understanding Musk’s goal by outlining an alternate strategy. His proposal calls for keeping the Twitter moniker but integrating a <a href="https://crypto.news/learn/beginners-guide-to-crypto-wallets/" rel="noopener noreferrer nofollow">crypto wallet</a> dubbed X, where users may purchase coins and donate to the platform’s developers. This concept parallels Musk’s goal of bolstering crypto and underlines Twitter’s potential for a circular economy.</p> 
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   <p lang="en" dir="ltr">/imagine <br><br>Keep it named twitter. Add a wallet called X. Let people spend and tip. Keep the new creator earnings within the twitter community as a circular economy. <br><br>Add bitcoin and eth transfers to the wallet. <br><br>Mass adoption. <a href="https://t.co/4lcxlPnW15" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/4lcxlPnW15</a></p>— The Jiho.eth (@Jihoz_Axie) <a href="https://twitter.com/Jihoz_Axie/status/1683196760016003073?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 23, 2023</a> 
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<p>Twitter CEO Linda Yaccarino <a href="https://twitter.com/lindayacc/status/1683213895463215104?s=20" target="_blank" rel="noopener noreferrer nofollow">hints</a> at endless interaction, compatibility for numerous media types, and integrated payments and banking in a July 24 tweet. Her emphasis on AI as a motivating factor lends credence to Musk’s plan to use AI to identify attempts to sway public opinion.</p> 
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   <p lang="en" dir="ltr">X is the future state of unlimited interactivity – centered in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities. Powered by AI, X will connect us all in ways we’re just beginning to imagine.</p>— Linda Yaccarino (@lindayacc) <a href="https://twitter.com/lindayacc/status/1683213895463215104?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 23, 2023</a> 
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<h2 class="wp-block-heading" id="hype-around-dogecoin">Hype around Dogecoin</h2> 
<p>Twitter’s logo was changed to X on July 24. As it happened, Musk added Doge’s symbol to his profile in the location section.</p> 
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   <p lang="en" dir="ltr">Elon Musk updated his location to 𝕏Ð 👀 <a href="https://t.co/SrvvkdIQxA" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/SrvvkdIQxA</a></p>— DogeDesigner (@cb_doge) <a href="https://twitter.com/cb_doge/status/1683383628250726400?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 24, 2023</a> 
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<p>Consequently, Dogecoin’s price gained 4% in just a few minutes. The community started discussing the possible purchases of crypto on the rebranded platform. However, no official announcements have yet been made.</p> 
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   <p lang="en" dir="ltr">X TO IMPLEMENT BUYING AND SELLING OF DOGECOIN AND CRYPTO.</p>— Whale (@WhaleChart) <a href="https://twitter.com/WhaleChart/status/1683385357948141568?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 24, 2023</a> 
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<p> Read more: <a href="https://crypto.news/elon-musk-adds-dogecoin-symbol-to-his-bio-on-twitter/" rel="noopener noreferrer nofollow"> Elon Musk adds Dogecoin symbol to his bio on Twitter </a> </p>

Crypto community reacts to Twitter ‘X’ rebranding

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