Elon musk has an entrepreneurial mindset and that's why he could confidently invest in all these projects ignoring the fear of unknown. I like his courage really, and no matter how you want to put it, he can never be broke even if all these companies fail.
He is one that has always believed in cryptocurrency and has some BTC, Eth and Doge coins in a wallet tucked away somewhere.
In 2021 when Tesla purchased some BTC, it could be likened to a whale move and it effected a price hike to about 25% which recorded an ATH of $48,000 as at then. Although, it was because it announced it was accepting BTC payment for  new purchase of Tesla vehicles with as low as $100 deposit.

When Tesla stopped accepting payments with BTC, the interest rate however dropped to 10%, this just goes to show you that despite the attention, a whale is a whale, and Elon and his Tesla and SpaceX are big whales in the cryptocurrencies ocean.

Thanks for the link @rdbase. I found out about this Tweet earlier today but actually ignored it because I thought someone is just messing with Elon. 


https://twitter.com/elonmusk/status/1683378289031761920?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet


I am curious about the "all the birds"? What could he mean by that?

There's also a report that says the tweets will not be called tweets anymore because of the rebranding. I think they are still thinking about a new way to call all those posts and reposts. It will be a difficult change for other people who uses this service, but I think it will be good for the business overall.

He is trying to build something that is combination of all things and maybe crypto could be at the center of it, like as a payment thing. The reason why he changed the name of twitter to X is the same reason. He is not secretly doing this neither, he is actually openly talking about how he wants to build one thing to hold all the things he has and twitter was the start of building that thing. One day when he has what he wants, he wants to be beyond government entity, someone who is not really in one nation like he is in the USA right now, but someone who holds enough power and information that he wants to be beyond ruling. Crypto could be a good way into that probably.

Well he has already has a license agreement pending for cryptopayments with filing an LLC.
As well with the twitter coin sent out to users as beta testers awhile ago as shown with the screen below by Tree of Alpha:


So you know there will be a cryptopayment system put in place just don't know what route he will go with.
Create an X coin instead of using an already existing cryptocurrency?

Also remember what the company was called before it was PayPal?
It was called X.com - https://www.businessinsider.com/elon-musk-rebrand-paypall-x-sounded-like-porn-site-twitter-2023-7
He bought the domain back in 2017 so he had a plan setup for it put in place.
https://www.theverge.com/2017/7/10/15949862/elon-musk-x-com-paypal-tesla-spacex-domain-name

I'm a bit skeptical about using a decentralized currency like Bitcoin where it would make everything very difficult for them, I rather think they will keep everything centralized so they have more control.  Ultimately he is crazy because he makes drastic changes but I doubt that he is so strongly crazy to bet on Bitcoin because what advantage would he get?

True. He can actually manipulate the market on however he prefer. Either with his money or with his reputation. It's a cool thing but could be dangerous when abused. IMO, he took advantage of his position and now making more profits because of it. He has so many followers that they would also invest on where he will go.

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News came out about the X company in San Francisco.
https://www.cnbc.com/2023/07/31/elon-musks-x-corp-seen-removing-giant-glowing-sign-in-san-francisco-.html?qsearchterm=elon%20musk

Talking about reputation. Despite that, there are still people who will be up against him especially if it's wrong.
Let them sleep Elon.

Here is Musk's response.

I am still waiting if Musk will try to inject cryptocurrencies in his new X company (formerly Twitter). It could boost the market of the industry if done right. They say the number of users went down because of the subscription payment but I do believe it's still a good platform for advertising business.

The bitcoin market really dumped alot since even when FTX was dragging it down when it's dirty business dealings got revealed.
This is what everybody is saying is the cause of the recent price spike to the downward spiral:
https://www.wsj.com/tech/behind-the-curtain-of-elon-musks-secretive-spacex-revenue-growth-and-rising-costs-2c828e2b

The very last paragraph where it states that SpaceX had sold it's bitcoin they had reported on their balance sheet a year ago is no longer holding it.
This shouldn't matter but it seems to have rocked all of the cryptocurrency markets for one reason or another.

He not only hyped up bitcoin for his own purposes but is known to do this for anything he is trying to garner attention too.
Especially toward his companies SpaceX/Tesla/Twitter now all under one company name X.

https://kansasreflector.com/2023/08/19/what-elon-musk-and-mark-zuckerbergs-canceled-cage-match-says-about-masculine-anxiety

Here is an advertisement from the language on the banner could be in China on a BTC atm of Elon and his favorite coin, Doge.

source: https://mashable.com/article/tesla-bitcoin-dogecoin

But it is speculated he had sold most of one or all of his companies bitcoins in recent months.
One can only take a guess at this point in time as his X platform is wanting to come up with a payment system of their own.
But which cryptocurrency will they eventually choose?
Could be they will end up doing what paypal has done and come up with their own stablecoin and use this instead.