Market expert Joshua Dalton has given his opinion on what cryptocurrency the world’s richest man, Elon Musk, is likely to pick for his X payments. Dogecoin has, for a while now, been rumored to be the crypto that will get the nod, but Dalton has explained why Musk might choose XRP instead.
Musk Could Choose XRP Over Dogecoin
In an X post, Dalton said he believes Elon Musk will do anything to make XRP a chosen one and use it, instead of Dogecoin, on X. The expert is confident that the world’s richest man will make this move, knowing that the Trump family will watch their crypto ventures and Bitcoin crash before their eyes.
Dalton was alluding to the clash between Musk and Trump, in which the world’s richest man has openly criticized the US president over the ‘Big Beautiful Bill.’ The expert believes that Musk is likely to take a step further in his feud with Trump by choosing XRP, probably given the discord between the XRP and Bitcoin communities.
The Trump family has shown their affinity for Bitcoin, with Eric Trump the co-founder of America Bitcoin, a BTC mining firm. The president’s company, Trump Media, recently raised $2.5 billion, which it intends to use to create a Bitcoin Treasury Reserve. Truth Social has also filed for a Bitcoin ETF. As such, Dalton predicts that Musk will choose to join the other side of the divide by picking XRP for his X payments rather than Bitcoin or Dogecoin.
Interestingly, amid the Trump-Musk clash, Bitcoin maximalist Samson Mow has urged the world’s richest man to go all in on BTC rather than picking XRP or any other crypto asset. He further encouraged Musk to allow Tesla to begin receiving payments in BTC while SpaceX can offer discounts on payments made with the leading crypto.
Musk chose not to speak about XRP when he was asked about it during a Town Hall meeting last year. On the other hand, Musk once jokingly described ‘Bitcoin’ as his safe word, while Tesla holds over 11,000 BTC. Dogecoin is also in the mix for the X payments, given the world’s richest fondness for the meme coin.
X Looking To Adopt Stablecoins Instead
While the debate continues over whether Musk will choose XRP, Bitcoin, or Dogecoin for X payments, a Fortune report has revealed that the social media platform is exploring the use of stablecoins. The report stated that the firm is already holding early talks with crypto firms, including payment processor Stripe, about integrating stablecoins.
Specifically, Musk and his platform are discussing how to integrate stablecoins into the payments app ‘X Money.’ The social media platform is said to view stablecoin adoption as a means to lower transaction costs and optimize cross-border payments. This raises questions about whether Musk will enable support for other cryptos, such as XRP or Dogecoin.
Featured image from Getty Images, chart from Tradingview.com
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