Bitcoin and Crypto Surge in the Aftermath of Donald Trump's Election Victory—With a "Major" Bitcoin Price Move Now Predicted

Unlock over $3,000 in NFT, web3 and crypto perks — Apply now! The bitcoin price, up more than double over the last year, has surged on a combination of Wall Street adoption, Trump enthusiasm and fears stoked by Tesla billionaire and X owner Elon Musk that the U.S. is teetering on the brink of financial collapse.

Bitcoin and crypto have surged in the aftermath of Donald Trump's election victory—with a "major" bitcoin price move now predicted.

The bitcoin price, up more than double over the last year, has surged on a combination of Wall Street adoption, Trump enthusiasm and fears stoked by Tesla billionaire and X owner Elon Musk that the U.S. is teetering on the brink of financial collapse.

Now, as Musk inadvertently sent the price of a tiny bitcoin rival soaring by 2,000%, X chief executive Linda Yaccarino has quietly confirmed payments will be coming to the social media platform in 2025.

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Elon Musk's X chief executive Linda Yaccarino has said payments will be coming to the social media company Musk bought and rebranded from Twitter in 2025.

"In 2024, X changed the world," Yaccarino posted to X. "Now, you are the media! 2025 X will connect you in ways never thought possible. X TV, X Money, Grok, and more. Buckle up."

However, neither Musk nor Yaccarino have mentioned bitcoin or crypto directly in relation to payments on X, though rumors have swirled through 2024 that X could add support for cryptocurrencies or even try to recreate Facebook's failed 2019 plans for its own libra bitcoin-inspired digital currency.

Musk—who has continued to support the meme-based dogecoin over the last couple of years, while his electric car company Tesla still holds around $1 billion worth of bitcoin—has said he wants to turn X into an "everything app" similar to the China-based Wechat and has acquired money-transmitting licenses in at least 25 U.S. states.

Since Musk bought Twitter and rebranded it X, there has been widespread speculation that he could add support for bitcoin, dogecoin and other cryptocurrencies in a similar way PayPal did in late 2020.

PayPal, which Musk was among an influential group of founders, has leaned into bitcoin and crypto over the last few years, launching its own dollar-pegged stablecoin cryptocurrency after rolling out support for bitcoin, ethereum, litecoin and bitcoin cash in late 2020. PayPal's support for bitcoin and crypto helped kick off the 2021 bitcoin price bull run.

In October of 2023, a leaked "all-hands" virtual meeting at X revealed Musk's plans to grow X's financial services arm, with prominent voices in the bitcoin and crypto space calling the plan something that could spur a "critical mass" of crypto adoption.

"If it involves money. It'll be on our platform. Money or securities or whatever," Musk said at the time.

Musk, who has previously said he wants to turn X into an "updated version" of PayPal, has helped the price of bitcoin and other major cryptocurrencies, including the meme-based dogecoin, surge over the last few years as he teases crypto integration and adoption.