Recent information suggests that Elon Musk is contemplating turning X, which was formerly Twitter, into a revamped version of PayPal.In the past, major endorsements of Bitcoin, such as PayPal's in late 2020, significantly impacted Bitcoin's market value, pushing it close to $70,000.Charles Gasparino, a Fox Business News reporter, says that Elon Musk is in active talks with top Wall Street figures about X's direction. Insiders indicate Musk is inclined to unveil a new payment system that could be seen as a modernized PayPal. This system aims to offer lower transaction costs than credit cards while also monetizing user data.This news has led market analysts to speculate on the potential impact on cryptocurrencies like Bitcoin and Dogecoin, the latter having seen a 4% price increase minutes after X's rebranding in July. This fuels
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