Elon Musk, the Tesla chief and the newest political figure in town has always been known as someone carrying immense passion and zest for life. Musk is all set to headline D.O.G.E. as his new endeavor aims to optimize federal budgeting and expenditure domains. At the same time, Musk is also unveiling new elements for X, rolling out X money as one of the key components driving X’s value up in the long haul. In this wake, an old video of Musk has resurfaced, in which the Tesla chief Unveils his grand plan for X Money, which may include Dogecoin to a certain extent. Here’s how it may all unfold.
Also Read: Shiba Inu: Forget Millionaires, How To Be A Billionaire By 2030?
Elon Musk’s Grand Global Plan
In one of the videos uploaded by a channel named CEO on X, Musk can be seen outlining his aspirations for X, streamlining his intentions for social media in the long haul. In that video, Musk can be seen sharing details about X, adding how he envisions it to become a financial institution in itself.
Musk wants X to become a central hub for transactions, playing a crucial role in reshaping the global finance landscape.
“Essentially, if done right, X would serve people’s needs to such a degree that over time it will become. I don’t know, maybe half of the global system or some big number. I’m not sure what their numbers are, but they’re pretty big. So it’ll be by far the biggest sort of financial institution. But like I said, not really in the way that people are used to thinking about banks. But just the most efficient database for things that is money. Like the least amount of fraud, everything’s real-time.“
💸 BREAKING: Elon Musk suggests that, if done right, X could evolve into half of the global financial system.$DOGE could play a major role. 🚀 pic.twitter.com/w2A6cRToj7
— CEO (@Investments_CEO) January 15, 2025
The idea of X becoming a financial institution has already started to unravel. With the launch of X money, speculators are instigating the deployment of Dogecoin as a crucial part of X payments. If this happens, it can catapult Dogecoin’s price to new unprecedented highs.
Also Read: Tether USDT0: A Game-Changer for Stablecoins and Crypto’s Future
Will Dogecoin Play A Pivotal Role In Musk X’s Lofty Plans?
While Musk did not officially share anything particular about Dogecoin in the video, the speculatory regimes have already started to run rampant. The CEO stated that if X evolves into something capable of transforming the current payment and financial landscape, the platform can consider adding cryptos like Dogecoin in the long haul, as Musk has openly promoted Dogecoin several times on all social fronts.
“💸 BREAKING: Elon Musk suggests that if done right. X could evolve into half of the global financial system. $DOGECOIN could play a major role. 🚀”
Moreover, the comments on the CEO’s post also went ahead to propose a Dogecoin reserve. The plan is rather ambitious, but if it materializes, it can be a total game-changer for the token in general.
That's wild! Next step: a National Dogecoin Reserve 🔥🫡 pic.twitter.com/7dGNdQyTTU
— BULLSeye (@BULLAnyInu) January 15, 2025
Also Read: Dogecoin Whales Buy 200 Million Coins: $0.50 Soon?