Why Elon Musk Owning Twitter Will Be a Boost for Crypto

Crypto Twitter may get a boost from Musk's subscription product and some influential crypto investors.

Cryptocurrencies like BNB (BNB 1.08%), Dogecoin (DOGE -1.47%), and Shiba Inu (SHIB -0.61%) have gone crazy since Elon Musk bought Twitter, and there may be something behind the hype. Twitter has been slowly adding crypto features like payments and verified profile pictures for a year, and Musk may supercharge that development. Travis Hoium goes over why this is positive news for crypto overall in the video below.

*Prices used were midday prices of Oct. 31, 2022. The video was published on Nov. 2, 2022.