Cryptocurrencies experienced another whirlwind day, with stocks losing over 5%. Despite the volatility, expectations for a rise among crypto investors prevail, attributed to the Federal Reserve’s plans to reduce interest rates. While many short-term investors have opted for selling, a rise in the market would certainly be welcomed. Additionally, crypto payments may soon be accessible on X, as CZ reminded followers of 16 projects that have potential for significant returns.
X and Crypto Payments
X Payment has been announced, and some users in the U.S. are beginning to experiment with it. It will soon be available to everyone in the region. Application researcher and web developer Nima Owji recently shared intriguing insights regarding technological developments related to X.
Previously, it was stated that cryptocurrencies would not be integrated into X payments due to regulatory uncertainty.
“It would be great if X MONEY also supported cryptocurrency!” – Nima Owji
Owji’s remarks raise the question: could the U.S. government eliminate regulatory uncertainties around cryptocurrencies while Elon Musk is working behind the scenes on integrating crypto payments? Musk is known for loving profitable ventures, and he shares this trait with Trump, who has come to embrace cryptocurrencies he once detested. Will Musk return to his 2021 enthusiasm for cryptocurrencies?
I have followed Nima Owji for a long time and rarely come across unfounded statements from him. We should keep an eye on X’s potential support for cryptocurrencies.
CZ’s 100x Commentary
Binance founder CZ recently encouraged supporters to back developments for those anticipating 100x returns. BNBChain announced support for over ten projects, ranging from AI brokers to real-world asset platforms. Quoting the announcement for the MVB9 cohort, CZ stated:
“Our industry is in a complex state. There is a lot of money chasing quick profits, seeking 10x or 100x returns overnight, and they complain when they can’t find them. On the other side, genuine entrepreneurs/developers feel excluded. They cannot achieve tenfold returns overnight. Creating real, tangible value takes time. While others see problems, we see opportunities. Let us help entrepreneurs build.”
“We are tirelessly working behind the scenes to bring 16 strong projects into our Most Valuable Builder (MVB) Accelerator Program Season 9. These projects encompass AI, DeFi, DePin, DeSci, entertainment, and infrastructure. I don’t have much to offer, but I will do my best to be a good mentor.”
CZ advises focusing on projects that genuinely produce value rather than merely seeking 100x profits. Today, even projects with great technology are stating, “the price is not in our hands; we are just doing our job.” A recent example of this could be MINA.
