Musk, convinced of a new Bitcoin bull run, launches crypto trading on X

Just as Bitcoin makes another upward move (it hit $86.000 yesterday and $87.000 today), X (formerly Twitter) is launching a new feature that can turn any crypto conversation on the social media platform into a potential gateway to crypto trading.

The social media giant has rolled out an enhanced cashtag feature for US users that links discussions about digital assets directly to partner exchanges, including Coinbase, Gemini, Kraken, Interactive Brokers and Moomoo.

Cashtag

The feature, launched yesterday, allows users to tap on cashtags such as $BTC. They are then shown live price charts, related posts from other users and a prominently placed “Trade” button. That button links through to one of the partner brokers, where users can actually place an order.

Elon Musk remains one of the most influential figures in the crypto world. Through his many posts on social media, the billionaire regularly manages to trigger price moves in digital coins such as Bitcoin (and previously Dogecoin too).

Many crypto fans see Musk as a visionary. At the same time, he also attracts plenty of criticism because his statements sometimes move the market sharply. Despite that controversy, his impact remains unmistakable.

With his new feature on X, the world’s richest man therefore appears convinced that Bitcoin has begun a new bull run.