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The world’s richest man as per Forbes has acquired social media giant Twitter and promised ‘significant improvements’ to the microblogging site in a couple of months.
The move could chart a new course for his and the crypto-conversation without necessarily changing how Twitter operates. His large purchase has been billed as one that could prompt investors and activists to stoke interest in the company and the overall crypto-conversation.
While this investment only represents a nominal part of Elon’s wealth, the move is likely to ruffle feathers across the crypto-world. The Tesla boss has seldom shied away from hiding his strong opinions on free speech and democracy around the cryptos conversation. Over the years, he has emerged as one of Twitter’s high-profile critics. Elon is often regarded as an opinion leader and shaper who has been opposed to among other policies, the gagging of free speech.
The purchase by Elon Musk, who is the singular most known person holding and supporting $DOGE, has occasionally caused the coin to shoot up. His influence on his over 80 million followers on Twitter and many others outside the platform who support the cryptocurrency conversation is by far the most of any other CEO. He has often come out through his Tweets to support the free speech and democracy debate, whose message is best put out through Twitter.
He has often expressed investor sentiments on Twitter and the overall libertarian learning realities such as space exploration, cryptocurrencies, and other technological revolutions and the science behind each. According to Dan Ives, a tech analyst at Wedbush Securities, Elon Musk’s latest venture is seen as his intention to actively force change on the platform. He added that Elon’s move was seen as forcing Twitter’s decision-makers into the conversation.
In as much as change might not come overnight, the crypto-world is sure to expect freedom of speech and open conversations around cryptocurrencies. Policymakers and governments will be forced into the conversation which will, in turn, lead to more favorable laws and regulations. There’s also likely to be clamping down on cryptocurrency spam which has become a nuisance after he agreed with a follower who urged him to do something about crypto-bots.
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