In recent times Elon Musk has been in the spotlight ever since he got his stake in Twitter. Elon Musk is both loved and hated by respective people all around the world but the fact that matters is that he has got a very huge number of people whose attention is grabbed by Elon. A very prominent example can be the Dogecoin for sure, prior to Elon Musk bringing the attention to the world towards the coin, it was nothing but just a mere meme coin with not much of a worth value also not adding up to a significant market cap. But after Elon got it hyped, the coin simply skyrocketed, and not only that, the number of people aware of crypto and invested in it surged a lot as well.
Elon Musk has got 9.2% stake in Twitter and is suggesting quite a lot of changes in the way the company actually operates. He has also put an offer on the table which is to simply buy the entire entity for a sum in excess of $40 Million. He has also clarified the aspect that if the offer is not accepted he will require to reconsider his position as a shareholder in the company.
A Positive Outcome If Elon TAKES OVER ?
Elon Musk is a person was has always been welcome innovation and technology with the essence of free speech as well. When the world is quite skeptical about crypto and the tech behind it, it was Elon who open-handedly supported the movement and is also responsible for its growth in recent times to some extent as well.
For Crypto And Blockchain
We might see Twitter integrating crypto payments, crypto tipping, and many more such things among users a normal thing in the coming months/years. Obviously, with the massive userbase, Twitter has over the world audience the exposure crypto will achieve would be insurmountable huge resulting in a lot of new people onboarding to crypto. All of which is a huge positive for the Crypto Market as a whole.
A Transition to Web 3.0 ?
Elon has always been in the favor of transparency and free speech, he even suggested Twitter make their algorithm open source and each & everything happening on the algorithm like deboosting tweets, any sort of manipulation, or censorship totally transparent.
Elon would make sure of that which would clearly mean Twitter convert from being a centralized platform to a decentralized platform or in simple terms a transition to Web 3.0 for Twitter.
There actually are a ton of things that would see changes to them when Elon is the one leading charge for Twitter. An important thing to note is that Elon Musk was offered to join the Board Of Directors for Twitter which he declined and presented the offer for the all-cash deal.
It is uncertain for now what will this situation turn out as for sure because it is unclear if the deal will go through or we might see something else in the coming days as Twitter has been a very old company and also amasses quite a lot of property. Transfer of ownership is not a small thing to be honest and this whole scenario might now actually go that smoothly.
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