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Musk’s ’Bitcoin-Style’ XChat Reveal Met With Raised Eyebrows—Here’s Why

Musk’s ’Bitcoin-Style’ XChat Reveal Met With Raised Eyebrows—Here’s Why

Author:
CoindeskEN
Published:
2025-06-02 03:54:34
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Elon Musk Announces ’Bitcoin-Style’ XChat, But Tech Experts Are Skeptical

Elon Musk just dropped another crypto-adjacent bombshell—a so-called ’Bitcoin-style’ messaging platform called XChat. Cue the collective eye-roll from Silicon Valley.

Tech vultures circling: The pitch? Decentralized, encrypted, and ’unstoppable’ like BTC. The reality? A billionaire’s pet project with more hype than a shitcoin ICO.

Bonus finance jab: Because what crypto really needs is another speculative asset… this time in the form of chat app tokens.

|Square

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