Elon Musk ‘Will Do Anything’ To Make XRP King, Tech Mogul Says
Elon Musk criticized a government spending bill on Twitter, warning of economic risks, prompting Donald Trump to threaten to withdraw government contracts from Tesla. This exchange led to a significant drop in Tesla's stock, erasing $150 billion in market value. Following the feud, Bitcoin fell over 5%, while XRP also experienced declines but showed signs of recovery. Joshua Dalton suggested Musk might adopt XRP for his upcoming payment system, X Money, highlighting XRP's advantages over Bitcoin, such as faster settlements and lower fees. Musk previously halted Bitcoin payments for Tesla due to concerns over energy consumption. Analysts note potential challenges for XRP, including Ripple's substantial holdings and regulatory scrutiny. The concept of an "everything app" using XRP continues to generate discussion in the crypto community.
