Elon Musk Cosigns X Money Post, But Does It Have Anything To Do With Dogecoin?

bitcoinistPublished on 2026-03-07Last updated on 2026-03-07

Abstract

Elon Musk's plans for a financial services app, X Money," are advancing, with the platform aiming to become a Western version of China's WeChat by integrating communication and financial transactions. The app is designed to allow users to manage all financial activities—including payments, savings, investments, and loans—without leaving X or relying on traditional banks. Internal testing is underway, and an external beta is expected soon. Despite Musk’s well-known support for Dogecoin, which surged 33,000% in 2021 partly due to his endorsement, the post he endorsed made no mention of the cryptocurrency. While Dogecoin is accepted for Tesla merchandise, it has not been officially integrated into X’s payment system, leaving its role in X Money uncertain.

Elon Musk’s intentions to launch a financial services app have not been a secret, but the question mostly has been how Dogecoin fits into that dream. Musk was the primary reason for Dogecoin’s legendary 33,000% rally back in 2021, calling it his favorite cryptocurrency. Now that the billionaire has secured money transmission licenses in over 40 US states, the dream looks to be coming true. Following this, an X user, who goes by Teslaconomics, has broken down why X Money will be a game-changer.

The Future Everything App

The X post focused on Elon Musk’s X Money and what the billionaire plans to do with it. Essentially, X Money is expected to be the western version of WeChat, a Chinese app that allows users to communicate, as well as transact, all in one place.

According to Musk’s previous comments, he plans to make it possible that X users to do everything finance-related without having to leave the app. This even goes as far as not needing a traditional bank for transactions, being able to get paid in the app, pay bills, etc.

Another major thing that the user highlights is that X Money would allow users to actually have high-yield savings. Additionally, investment options are to be made available, as well as sets being able to access loans, operate money market accounts, with the possibility of treasury access.

Perhaps the most interesting thing about the post is the fact that it highlights that the X Money feature is already being tested internally. Furthermore, a limited external beta test is expected to roll out soon, which means this financial app may be closer to reality than people think.

Can Dogecoin Still Make The Cut?

While the X Money feature is getting a lot of attention and Musk cosigned the Teslaconomics post, there has been no mention of Dogecoin anywhere. The anticipation that Dogecoin would become a payment method on X has been high since Musk acquired the crypto platform and added the option for crypto tips. However, an official Dogecoin payment method has yet to be announced.

Nevertheless, there are still areas where Musk has shown support for Dogecoin payments. One of these is acceptance of Dogecoin as a payment method for Tesla merchandize. However, there has been no official integration on the X app.

DOGE tanks despite news of X Money | Source: DOGEUSDT on TradingView.com

Crypto Systems Could Be Outpaced By Quantum Tech By 2033, Says Hoskinson

Cardano founder Charles Hoskinson warns that quantum computers could break current blockchain cryptography by 2033, with a probability exceeding 50%. He highlighted Bitcoin Improvement Proposal (BIP) 361 as a potential path for Bitcoin to migrate to quantum-resistant addresses. Most blockchains, including Bitcoin, rely on encryption vulnerable to quantum attacks. Cardano is proactively researching lattice-based cryptography and plans to adopt federal quantum-resistant standards (FIPS 203-206), leveraging its scheduled annual hard forks for seamless upgrades. Hoskinson noted that while Cardano's transition could be straightforward, Bitcoin's path is less clear due to its slower, more contested upgrade process. The broader crypto industry faces an urgent deadline to overhaul its security systems.

bitcoinist1m ago

Crypto Systems Could Be Outpaced By Quantum Tech By 2033, Says Hoskinson

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First Predictive Markets ETFs Delayed, Wall Street Eyes the New Business

The launch of the first U.S. prediction market ETFs has been delayed following SEC intervention for further review. These novel ETFs, proposed by firms like Roundhill Investments, Bitwise, and GraniteShares, allow investors to trade on the probability of real-world events—such as election outcomes, economic recessions, or industry trends—through traditional brokerage accounts. Instead of holding assets like stocks, these ETFs are based on binary event contracts, meaning investors could face significant, even total, losses if their predictions are incorrect. The SEC's pause is seen not as an outright rejection but as a request for more detailed disclosures. Regulators are seeking clarity on how the products track events, manage settlement risks, and communicate potential extreme losses to retail investors. Analysts suggest the delay represents a careful regulatory review to set a precedent for such innovative products. While the timeline is pushed back, the industry remains optimistic. The focus is now on whether the SEC's concerns are primarily about disclosure or the fundamental nature of the product. Regardless, Wall Street is actively exploring the prediction market space, signaling a broader interest in trading future events as a new asset class.

Odaily星球日报7m ago

First Predictive Markets ETFs Delayed, Wall Street Eyes the New Business

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BTC on a Roller Coaster, HYPE Hits New Highs | Guest Analysis

**Market Analysis: BTC Volatility and HYPE's New Highs** This week, markets experienced significant volatility. Macro pressures intensified with a bond market sell-off, rising rate hike expectations, and oil surpassing $110. Bitcoin (BTC) broke below $78K and is currently testing a critical range. The core debate centers on the nature of BTC's rally from its February low: Is it the start of a new uptrend (Path 1: bullish) or merely a B-wave rally within a larger monthly corrective structure (Path 2: bearish)? The outcome of the battle in the $78,500-$79,500 zone is key this week. * **For BTC:** * **Mid-term:** Maintain a neutral, cash position. * **Short-term:** Two contingency plans with ≤30% position size and strict stop-losses: * **Plan A (Bearish):** Sell if price rebounds but faces resistance in the $78,500-$79,500 zone. * **Plan B (Bearish):** Sell if price convincingly breaks below the $73,500-$75,000 support. * A break above $90,000-$93,100 would strongly favor the bullish Path 1 scenario. * **For HYPE:** HYPE continues its independent rally, hitting new highs with over 10% gains this week. The trend remains bullish as long as price holds above the key support at $38.41. * **Short-term Strategies (≤30% position):** * **Plan A (Bullish):** Buy on a confirmed break above $45.76. * **Plan B (Bearish):** Sell short on a confirmed break below $45.76. * **Plan C (Bullish):** Buy on a pullback finding support near $38.41. **Trade Review:** Last week, a disciplined 1x leveraged BTC long trade at $79,812, based on model signals, was closed at $81,426 for a ~2.02% profit. **Important:** Market conditions change rapidly. This analysis is for informational purposes only and does not constitute investment advice. Trade with caution and proper risk management.

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BTC on a Roller Coaster, HYPE Hits New Highs | Guest Analysis

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a16z: How Should Crypto Entrepreneurs Understand the CLARITY Act?

a16z: How Crypto Entrepreneurs Should Understand the CLARITY Act? The U.S. Senate Banking Committee's bipartisan vote to advance crypto market structure legislation, specifically the Digital Asset Market CLARITY Act, marks a historic moment for the industry. For a decade, a lack of clear U.S. regulation has stifled innovation, created consumer risks, and pushed development overseas. CLARITY aims to end this by establishing clear rules for blockchain networks and digital assets, similar to how the 1933 Securities Act shaped capital formation. The current regulatory patchwork has failed, causing legal confusion and enabling bad actors while hindering responsible builders. CLARITY provides a path forward by clarifying the regulatory roles of the SEC and CFTC, defining whether digital assets are securities or commodities, and establishing oversight for crypto exchanges and consumer protections. Crucially, CLARITY recognizes that blockchain networks are fundamentally different from traditional companies. Networks operate through shared rules and decentralized coordination, not centralized control. Applying corporate frameworks distorts them, leading to value extraction by intermediaries. Blockchain enables truly decentralized networks where value can be distributed to participants. CLARITY is designed to make this viable under U.S. law, allowing builders to operate transparently, raise capital domestically, and focus on long-term innovation without structural compromises due to regulatory ambiguity. The bill's progression follows earlier House efforts like FIT21 and the House CLARITY Act, which received strong bipartisan support. If passed, CLARITY could unlock significant innovation within the U.S., similar to the growth seen after the GENIUS Act for stablecoins, helping the U.S. lead in the digital economy while better combating fraud and abuse.

marsbit35m ago

a16z: How Should Crypto Entrepreneurs Understand the CLARITY Act?

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AI Benefits Senior Staff? 40% of CEOs Plan to Cut Junior Positions, Young People's Jobs Are More at Risk

The traditional assumption that senior employees are first in line during layoffs is being inverted in the AI era. A survey of 415 CEOs by Oliver Wyman and the NYSE reveals 43% plan to cut entry-level positions in the next 1-2 years to shift towards a mid-to-senior talent structure, a sharp rise from 17% last year. The logic is that AI excels at automating routine, cognitive tasks typically handled by junior staff (e.g., coding, data review), while the experience and judgment of senior employees remain harder to replicate. Research indicates this shift primarily manifests as a hiring freeze for junior roles rather than mass layoffs. Goldman Sachs estimates AI currently nets a loss of about 16,000 US jobs monthly, disproportionately impacting Generation Z concentrated in highly automatable white-collar roles. This raises long-term concerns about a broken talent pipeline, as companies risk having no future senior managers trained internally. Despite the dominant trend, a minority of successful AI adopters, like IBM and Salesforce, are expanding junior hiring, arguing these employees are adept at using and building AI tools. However, most companies are still in early AI deployment phases, with 67% in planning/pilot stages and many reporting returns below expectations. The overarching reality is a weakening of job security across all levels, as organizations reshape for an AI-augmented, leaner future.

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AI Benefits Senior Staff? 40% of CEOs Plan to Cut Junior Positions, Young People's Jobs Are More at Risk

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