Musk, Wall St. To Cause $15.5-T Crypto Chaos

The bitcoin price has swung wildly over the last few months as economic and regulatory pressures mount—though traders are now braced for a $15.5-trillion September Wall Street earthquake, Billy Bambrough wrote for Forbes.

A leak has suggested Musk could turn X (Twitter) into an "updated version of PayPal."

After a US Securities and Exchange Commission (SEC) insider warned bitcoin and crypto buyers to beware of Binance, a leak has suggested Musk could turn X (Twitter) into an "updated version of PayPal."

Musk "continues to have conversations [with] top Wall Street executives on [the] future of X," Fox Business News correspondent Charles Gasparino, posted to X.

They appear to be setting up a newfangled payment system, an updated version of PayPal with low transaction costs that would monetize user info.

Earlier this month, reports denied by Musk suggested X could add a trading platform built inside the app as part of a plan to turn the app into a financial-data giant, with Musk going on to say X will never launch a cryptocurrency of its own to rival bitcoin, ethereum, XRP or Musk's "fave" cryptocurrency dogecoin.

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