Bitcoin and cryptocurrencies have surged following Donald Trump’s election victory – and a “big” Bitcoin price rise is now predicted.

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The price of Bitcoin, which has more than doubled in the last year, is due to a combination of Wall Street acceptance, Trump enthusiasm and that of the Tesla billionaire and

While Musk inadvertently caused the price of a small Bitcoin competitor to skyrocket by 2,000%, X boss Linda Yaccarino has quietly confirmed that payments will be made via the social media platform in 2025.

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ForbesTesla CEO Elon Musk Issues US Bankruptcy Warning, Calls for Bitcoin-Inspired “Solution”From Billy Bambrough

Linda Yaccarino, CEO of Elon Musks

“In 2024, X changed the world,” Yaccarino wrote to X. “Now you are the media! 2025

However, neither Musk nor Yaccarino have directly mentioned Bitcoin or crypto in connection with payments on X, although rumors began circulating in 2024 that .

Musk – who has continued to support the meme-based Dogecoin in recent years while his electric car company Tesla still owns around $1 billion worth of Bitcoin – has said he wants to turn X into an “everything app” similar to that China-based Wechat has acquired money transfer licenses in at least 25 US states.

Since Musk bought Twitter and renamed it X, there has been widespread speculation that he might add support for Bitcoin, Dogecoin and other cryptocurrencies in a similar way to PayPal
PayPal
did it at the end of 2020.

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ForbesThe “virus is spreading” – Bitcoin is suddenly preparing for a “big” price move in 2025From Billy Bambrough

PayPal, of which Musk was part of an influential founding group, has focused on Bitcoin and cryptocurrencies in recent years, launching its own dollar-pegged stablecoin cryptocurrency after adding support for Bitcoin, Ethereum, Litecoin and Bitcoin Cash in late 2020 had introduced. PayPal’s support for Bitcoin and cryptocurrencies helped usher in the bull market in Bitcoin prices in 2021.

In October 2023, a leaked virtual “all-hands” meeting at X revealed Musk’s plans to expand the financial services division of

“When it comes to money. It will be on our platform. Money or securities or whatever,” Musk said at the time.

Musk, who had previously stated that he was accepting.