Cryptocurrency world openly praises Elon Musk after the acquisition of Twitter

Tram Ho

At a time when many people are still debating Elon Musk’s takeover of Twitter, wealthy entrepreneurs in the cryptocurrency world are openly supporting the CEO, according to Forbes.

2022 is considered to be a difficult year for crypto billionaires, who have just witnessed a sharp drop in their net worth after a long period of investors selling off. Therefore, Elon Musk’s takeover of Twitter is considered good news that can make them smile again. Musk’s preference for cryptocurrencies, including Dogecoin, has some people hoping that one day, Twitter will build a payment feature in crypto or a combination of other ‘Web3’ elements.

Giới tiền số công khai tung hô Elon Musk sau thương vụ thâu tóm Twitter - Ảnh 1.

I think Elon is amazing. We’re so lucky to have him, ” venture capitalist Tim Draper told Forbes. “ I believe he wants to save the planet thanks to Tesla, make sure we can go beyond space thanks to SpaceX and now, allow people to freely speak on Twitter. Musk can do it successfully. I hope he lives forever .”

In addition to Tim Draper, Changpeng Zhao, founder and CEO of Binance also gives his absolute support for Musk. The cryptocurrency exchange had previously invested $500 million to help Musk acquire Twitter for $44 billion.

Twitter is a free speech platform, a global platform that is incredibly important ,” CZ told CNBC earlier this week. “ We want to support brilliant entrepreneurs and Elon Musk is one of them .”

CZ, a billionaire with a net worth of $17.4 billion, has another reason to support the deal: “ We want cryptocurrencies to have a place for free speech ,” CZ told CNBC. “ We want to help bring Twitter to Web3 when everything is ready .”

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Changpeng Zhao, founder and CEO of Binance gives his absolute support for Musk.

In response to CoinDesk, a Binance representative said they contributed to the transaction ” as an investor supporting Elon Musk’s plans with Twitter “. Meanwhile, on his personal page, CZ describes the act on “a small contribution to the cause”.

According to Owen Lau, an analyst at Oppenheimer & Co., Binance’s investment gives Changpeng Zhao a good start in influencing Twitter’s future crypto programs (if any).

Changpeng Zhao certainly has many advantages. Who can write a $500 million check like him? ”, Mr. Owen Lau emphasized.

Brian Armstrong, CEO of Coinbase, also admires Musk’s vision.

Elon’s purchase of Twitter is a great victory for free speech. Maybe it will change more things than people imagine ,” Armstrong tweeted in April, when the deal was first announced. “ Twitter is the opposite of media and culture in many different ways, and it tends to be quite dangerous in terms of censorship .”

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Elon Musk has always paid special attention to cryptocurrencies, especially Dogecoin.

Some other Bitcoin billionaires Cameron and Tyler Winklevoss also support the Elon Musk-Twitter deal. Cameron criticizes companies that have left Twitter and believes that Elon Musk has a plan to “cure the disease” of the platform.

Meanwhile, Tyler Winklevoss opposes those who criticize the $8/month fee for Twitter green subscriptions. This view is also supported by Michael Saylor, Bitcoin investor and founder of MicroStrategy, a software company that holds 130,000 Bitcoins.

Before that, Elon Musk always paid special attention to cryptocurrencies, especially Dogecoin. The tweets exploding the value of the coin caused this billionaire to be sued for $ 258 billion for allegedly building a Pyramid model (or multi-level Ponzi scheme) to manipulate cryptocurrencies.

* Information about cryptocurrencies (cryptocurrency), commonly known as “virtual money” has not been recognized by law in Vietnam. The information in the article is for reference only and has no value as an investment recommendation.

By: Forbes

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Source : Genk