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Elon Musk Unveils Unexpected Crypto Assets as X's Plan to Replace PayPal, Visa, Banks Gains Speed Amid Bitcoin Price Swings

Elon Musk, the billionaire owner of Tesla and X, has been instrumental in the fluctuating prices of bitcoin and other cryptocurrencies in recent years. Recently, there were confirmations about a scheme to replace PayPal, which originally supported bitcoin and crypto, kickstarting the 2021 bitcoin price bull run that propelled bitcoin to nearly $70,000. During an X Spaces broadcast, Musk confirmed that a significant amount of dogecoin is still in his possession and that his rocket company, SpaceX, owns a sizeable number of bitcoins. Amid these revelations, X's plan to replace not only PayPal but also Visa and banks is gaining momentum amidst the swift swings of bitcoin prices.

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