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Tesla (NASDAQ:TSLA) CEO Elon Musk will get more involved with Bitcoin this year, according to Jan3 CEO Samson Mow.
“Elon Musk goes hard into BTC,” Mow said Jan. 10 on X, one of six predictions he made for the year, including a call that Bitcoin would reach $1.33 million and Strategy (NASDAQ:MSTR) stock would reach $5,000.
Musk is no stranger to Bitcoin. Tesla briefly accepted Bitcoin payments in 2021 but later stopped, citing concerns about the environmental impact of Bitcoin mining.
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However, Musk has continued to tease an affinity for the asset. “Fiat is hopeless, so yes,” he said in July when asked if his proposed America Party would “embrace Bitcoin.” In November, he said, “Energy is the true currency,” adding that “Bitcoin is based on energy” when asked what money would be in the future.
Meanwhile, Musk’s vocal support for cryptocurrencies has historically moved markets. The record run of the popular memecoin Dogecoin in 2021 has widely been attributed to Musk’s support.
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Mow’s prediction comes as Musk’s X appears to be preparing a new feature in line with its “everything app” vision.
X Head of Product Nikita Bier on Sunday said the platform was working on a new feature called Smart Cashtags that would link tickers to real-time price data and mentions on the platform. Screenshots shared by Bier suggested that the feature would support cryptocurrency assets, with images showing Bitcoin, BONK and BASE.
Bier said the feature would help prevent ambiguity around assets or smart contracts. The feature is scheduled for release next month, he said.
Then-X CEO Linda Yaccarino in June said that the platform intended to eventually support in-app trading and investment, as well as a branded debit card.
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This article Jan3 CEO Samson Mow Predicts Elon Musk Will ‘Go Hard Into’ Bitcoin As X Plans Crypto-Linked Feature originally appeared on Benzinga.com
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