Twitter Adopts New Policy, Threatens Future of Bitcoin & Crypto

Twitter Adopts New Policy, Threatens Future of Bitcoin & Crypto

Since taking over as CEO of Twitter in October, Elon Musk has been looking for new ways to commercialise the social media network. He raised the price of Twitter Blue, the premium service that requires account identification, to $7.99 per thirty days in November.

Musk said at the time that it was part of an attempt to combat fake accounts that spread disinformation and hate speech. He reasoned that if people had to pay for each account separately, individuals or businesses running bot farms would be discouraged from maintaining hundreds of them.