The thing that is being done on twitter is they want to create an ecosystem with what they refer to as having users being able to send each other micropayments on the platform fluidly.
Now the speculation occurs when you stat to question, which cryptocurrency they will involve in their new system.
Many have stated they will just create their own and so to not have any others suddenly increase in it's value with a huge surge as we have already seen whenever he mentions doge or shiba inu.
My real question is whenever a new memecoin or shitcoin arrives/newly deployed in some chain why there are some people who believe and buy it.
and yes some developer are only copy paste code deploy and using twitter for marketing and boom you gained tons of a new user.
I don't know if the twitter want to create an ecosystem like that But elonmusk had the twitter maybe there is memecoin involved
It is still a new ecosystem that is why people believe in such blatant scams in the first place.
Being inexperienced in the cryptocurrency scene that is the sole reason why.
Some big news was released about Black Rock Capital wanting to open a spot ETF and having the Coinbase holding those bitcoin:
"BlackRock, the world's biggest asset manager, is close to filing an application for a Bitcoin ETF (exchange traded fund), according to a person familiar with the matter.
BlackRock will be using Coinbase (COIN) Custody for the ETF and the crypto exchange’s spot market data for pricing, the person said. Coinbase declined to comment.
BlackRock began working with Coinbase to make crypto directly available to institutional investors midway through last year."
source: https://www.coindesk.com/business/2023/06/15/blackrock-close-to-filing-bitcoin-etf-source