I know not everyone around here likes Elon but here me out. This is purely some observations I've made that relate to Elon's involvement in Bitcoin.
1999 - Two companies Confinity and X.com, launch separately and build competing financial products.
2000 - Confinity and X.com merge. The combined entity, initially called X.com, later changes its name to PayPal.
2021 - Tesla buys $1.5 billion worth of Bitcoin.
2022 - Elon buys Twitter.
2023 - Elon renames Twitter to X.com
Two days ago Twitter Payments LLC, X's payment branch got approved for a money transmitter license to be able to store, transfer, and exchange Bitcoin and other digital assets on behalf of its users.
I've read that PayPal's original mission statement was something like
Create a global currency that was independent of interference by corrupt cartels of banks and governments that were debasing their currencies.
PayPal never achieved their mission, instead becoming just another payment provider built on the fiat system.
I have a theory, maybe misguided, that Elon still holds the original vision for X.com in his desires.
Of course, Elon is also a wild card. We all know he memes about Dogecoin and has had several public negative opinions of Bitcoin. On the other hand, he did buy quite a stash of Bitcoin and there's no evidence he put a significant amount of money into Dogecoin.
What do you think? I would love to see more evidence of both sides of this story.