Elon Musk's 'PayPal Update' Sparks Bitcoin and Crypto Price Chaos

A leak suggests that Elon Musk, owner of Tesla and X (Twitter), could potentially turn X into an updated version of PayPal, causing potential chaos for the price of Bitcoin, Ethereum, XRP, Cardano, Dogecoin, Solana, and Tron. Musk has been in discussions with top Wall Street executives about the future of X, settling on a new payment system with low transaction costs and the ability to monetize user information. This comes as traders brace for a potential $15.5 trillion Wall Street earthquake in September. Musk's previous support for cryptocurrencies, such as Bitcoin, through platforms like PayPal, has had a significant impact on their prices in the past.