🐲 Elon's new financial beast

GM everyone. This is 2036, the crypto newsletter that pays you.

Here’s what we’re serving up today 🍲: the new financial system is here. And it’s not just crypto. In fact, it looks nothing like we expected.

Let’s dig in.

🥔 Today’s meat and potatoes

Get smarter on crypto in 2 minutes

Almost a year ago, Elon Musk bought Twitter for ∼$44 billion.

Since then, a lot has changed:

• He fired ∼80% of the staff

• He introduced Twitter Blue for $8/month and increased both the max length of Tweets (to 10,000 characters) and duration of videos (up to 2 hours)

• He introduced advertising payouts for creators

And this week, he officially changed the name of Twitter to X.

Elon opened proposals for the logo design directly to his Twitter audience. 24 hours later, the new logo was live:

I guess you don’t ship electric cars faster than anyone, build reusable rockets, buy a social media company, and have 9 kids by overthinking things.

A quick Google search will show you that every major publication threatened by Elon thinks Twitter is descending into oblivion.

But they’re missing the bigger picture.

Elon Musk isn’t just rebranding for fun. He wants to build a completely different app: the WeChat of the West.

WeChat is China’s everything-app.

It does:

• instant messaging

• photo sharing

• video conferencing

• video games

• broadcasting (one-to-many)

• payment services

… and a lot more.

In short, it does everything.

And now, Elon Musk wants to turn X into the Western everything-app. The re-branding is meant to reflect that.

This week, it was revealed that:

• Twitter had received licenses from several states to trade crypto.

• Elon Musk wants Twitter to handle half of the world’s financial system.

• They could integrate payment later this year already

• X will likely become the most valuable brand in the world

It could all fail, of course. But we wouldn’t bet against Elon.

It’s possible that X will use crypto for its payments soon - as early as later this year.

And what better coin to use than Dogecoin…

… the quintessential crypto cult.

Dogecoin is Elon Musk’s favorite cryptocurrency.

He’s tweeted about it more times than we can count, has hinted at its use for payments in the past, and owns a huge chunk of it.

This is 100% speculation, but the market thinks there’s a chance Doge could be used to make payments on Twitter.

That’s why Doge is up +14% in the last few days.

And that’s why today - for a Wallet Wednesday full of speculation and swinging for the fences - we’ll pay you to get some Dogecoin.

Here’s how to do it:

1/ Buy Dogecoin on your preferred centralized exchange.

This can be Binance, Coinbase, Kraken - whichever you prefer.

OR

2/ Buy Dogecoin on a decentralized exchange like Uniswap.

Simply connect your wallet to the BNB chain and exchange BNB/BUSD for Dogecoin.

3/ Send us your Dogecoin wallet address.

Simple.

🍨 Dessert

Stories to read if you have FOMO

1/ PacWest bank will be “absorbed” by Banc of California

2/ Dogecoin spikes after finding itself on Elon Musk’s Twitter profile

3/ Japanese Prime Minster: “crypto is a new form of capitalism”

📝 Task

Earn $15 in DOGE for a simple crypto task

Today's task is a classic Wallet Wednesday with a spin on Dogecoin/cult speculation…

As always, we’ll tally all the participants in a Google sheet and mathematically choose a winner at random who’ll receive $15 in DOGE.

We’ll announce the winner of today’s task in Friday’s email.

🖼️ Crypto meme of the day

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