Bitcoin rebounded above the $74,000 mark on Monday, trimming its year-to-date losses as traders continue to navigate the prolonged U.S.-Iran conflict. However, despite the bounce, the asset remains down roughly 41% since setting its $126,080 all-time high last October.
Meanwhile, Nikita Bier, X’s head of product, hinted that the Elon Musk-owned social media giant could roll out a new product aimed at revitalizing the crypto market following a challenging year for the industry.
“Crypto has had a rough year. Maybe we should launch something to fix it,” Bier wrote in an April 14 post, which has since garnered more than 30,000 likes at press time.
X Money Set to Open Doors to Users This Month
It remains unclear what “something” refers to, as Nikita Bier did not provide additional details. However, speculation suggests it could be linked to X Money, a payments feature integrated into X that is expected to support peer-to-peer transfers, digital wallets, and a broader suite of financial tools.
Centibillionaire Musk has confirmed that early access to X Money will roll out this month following the completion of internal testing and an external beta phase.
 
Comparable to services like Venmo or PayPal, X Money is expected to advance Elon Musk’s vision of transforming X into an “everything app.” The platform is designed to support peer-to-peer transfers, bank deposits, a debit card, and cashback rewards, and is being developed in partnership with Visa alongside a licensed subsidiary operating across more than 40 U.S. states.
Crypto integration is not currently part of the rollout. However, ex-CEO Linda Yaccarino previously indicated that X was exploring future investment and trading features as part of a broader strategy to evolve into a unified financial and social ecosystem.
Last month, X brought on Benji Taylor, formerly the Chief Product Officer at Aave and the Head of Design at Base, signaling the continued expansion of its product and fintech talent roster. At the time, Bier noted that he had been following Benji Taylor’s work for a long time and actively advocated for his hiring, praising one of Taylor’s earlier products as exceptionally well-designed. Still, it remains unclear whether this overlap in expertise will evolve into direct integration of crypto rails or emerge as competition.
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