Elon Musk has confirmed plans to introduce new financial tools on X, including features linked to bitcoin and other cryptocurrencies. The update has boosted crypto prices, with dogecoin rising nearly 20% in 24 hours.
X’s head of product, Nikita Bier, said the platform will soon launch “Smart Cashtags.” The feature will allow users to view real-time financial data and access links to trade stocks and cryptocurrencies directly from posts. X will not handle trade execution itself but will connect users to external services.
Musk said the payments push is part of a wider plan to turn X into an “everything app.” He described X Money as a “game-changer” and said it will become a central source for financial transactions. Musk expects more than one billion users could eventually access the service.
The announcement came days after Musk renewed support for dogecoin, replying “Yes” to a post claiming that “Doge on the moon is inevitable.” He also suggested the idea could happen next year. Dogecoin’s price surged following the comments.
Bitcoin also moved higher, climbing above $70,000 after falling to around $60,000 earlier this month. Supporters say Musk’s renewed involvement in crypto could attract more retail investors back to the market.
Musk has long influenced cryptocurrency prices through public statements. His company Tesla still holds significant bitcoin on its balance sheet. His social media platform, now part of xAI, has also advertised roles focused on crypto and blockchain analysis.
The move comes at a time of uncertainty in global markets and renewed debate about the future of the U.S. dollar. While Musk has previously stepped back from active crypto promotion, his latest comments suggest digital assets could play a larger role in X’s financial ecosystem in the months ahead.
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