On or about Apr. 18, Twitter rolled out Bitcoin (BTC) price quotes on its social media platform, which can be viewed using its search tool.
The price quotes are powered by charting platform TradingView. In conjunction with the display is a link to Israeli cryptocurrency exchange eToro, where users can buy or sell Bitcoin. At the time of publication, it appears that only BTC price quotes are available, and not that of other major cryptocurrencies. A disclaimer with the label “Your Capital At Risk” also accompanies the Bitcoin price chart.
On Apr. 13, Cointelegraph reported that Twitter would introduce crypto and stock trading options directly in-app via a partnership with eToro. A spokesperson for the exchange stated:
“Twitter has become a really important part of the retail investing community and it’s where a lot of people go to access financial news and acquire knowledge. We think $Cashtags can play a central role in this conversation and they are already gaining a lot of traction.”
Aside from Twitter, Elon Musk also announced on Apr. 17 that he will create an artificial intelligence program dubbed “TruthGPT” after witnessing the success of artificial intelligence (AI) chatbot ChatGPT. According to Musk, the truth-seeking AI will push against what he perceives as “left-wing” bias in the media industry.
Twitter isn’t the first major social platform to embrace Bitcoin price quotes. On Apr. 10, Douyin, the Chinese version of TikTok, rolled out Bitcoin price quotes for an estimated 730 million users in Mainland China. One day after its implementation, the quotes were taken down and replaced with a message warning users that “unofficial digital currencies do not possess the same legal standing as fiat currencies [in China].”