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Musk X says he runs chat with Bitcoin encryption: What does that mean?

Elon Musk said that the X (Twitter previously) puts a chat feature with “Bitcoin style encryption”. The feature called Xchat will have features such as encryption and vanishing messages to enhance safety, and allow users to share files. Here is everything we know about the feature that is still in a beta position and why Musk described the service some of users at a confusion.

In a post on X, Musk said, “Through Xchat, you can make audio/video calls without a phone number across all platforms.” He added, “This is based on rust with encryption (bitcoin style), a complete new structure.”

X launches the chat feature in Beta

Meanwhile, many mousses describe the advantage as “encrypted” like bitcoin, because the cryptocurrency itself is not encrypted. Samson Mww, CEO of Bitcoin Technology Jan3, who adopts the encryption of national countries, is among those who suffer from the CEO of Tesla.

MOW has participated in his office analysis by GROK, who says, “MUSK mentioned” Bitcoin’s encryption “probably indicates the use of encryption principles such as those in Bitcoin, but the MW’s response confirms technical discrimination, focusing on the importance of accurate terms in technical discussions.”

Others see that the term is the most marketing trick instead of the actual advantage of Xchat. According to security researcher Ian Meerz, “Bitcoin is used primarily the signatures, not encryption. It is like saying, we decided to drive our missile on the water, as NASA uses hydrogen and oxygen.”

Musk wants to make x “apply everything?

Musk has long talked about making X “Application of everything” like WeChat offers many different features, including digital banking services and payments. The small blogging site in the news (mostly for wrong reasons) was since he bought Musk in 2022. Despite the discounts in the aggressive costs of Musk, which included the launch of nearly three quarters of the company’s employees, and according to what was mentioned, X still publishes losses.

Although we do not have accurate numbers because X is a private company now, then The company has been estimated To publish revenues of $ 2.5 billion last year. The number is half of what it was in 2021, which was the last year of his entire year as a company circulating for the public.

X’s evaluation has decreased since Musk acquired this company for $ 45 billion in 2022. Earlier this year, the company value reached $ 33 billion of debt when MUSK merged with the start of the AI ​​XAI. After the debt account, the value of x 44 billion dollars, which is less than $ 1 billion, was only paid by Musk to the company.

This evaluation was much higher than 9.4 billion dollars, as the sincerity that estimated the company in late 2022. However, the inclusion of Xai and X was basically the two companies merged from his company, so it is possible that the evaluation was not sentenced by an independent third party.

Musk tried many tactics to try to run the application, including the paid blue tick subscription to revive the X wealth, but these measures have not been very successful yet. The chat feature may be another step towards increasing the attractiveness of X, and it remains to see how successful this initiative is.

Political musk activities affected his companies

There is no doubt that the political activities of Musk have undoubtedly affected Musk companies, especially Tesla, the only company circulating in the empire of its vast business. During the Q1 2025 profit call in April, the billionaire admitted that there was a “reaction to the time I was spending in the government.” The company’s sales decreased yearly for the first time in the past year, and the Q1 2025 was not different, as sales decreased by 13 % to the lowest level since 2022.

Although it has not yet released uniform data, the company’s sales in Europe decreased in May, where Norway was the only star in which sales rose by more than 200 %. The company’s sales in the Chinese market also decreased in the first eight weeks of the second quarter.

Even X suffered from a significant interruption in late last month after a defect in the data center.

Musk retracts from politics

Meanwhile, Musk finished weeks of speculation and was made up of the Ministry of Government efficiency (DOGE) at the end of May when his work period ended for 130 days as a private government employee. While Trump said MUSK “does not leave exactly,” the relations between the two do not seem warm as they were a few weeks ago.

Moses late criticized management policies, saying that he was “disappointed” from the Trump tax bill, which he said “undermined” the costs in the cost he delivered as Doug President. Trump also canceled the nomination of Musa’s partner, Jared Ishaq, to ​​lead NASA after a “comprehensive review” of the “previous associations” of technology.

Since then, Musk bombed Trump, making very huge statements against him and threatening the Dragon’s Dragon project.

It should be noted that Musk was part of the Trump consultant team during his first term, but he withdrew after the President removed the United States from the Paris climate deal. This time, Trump withdrew from the agreement on the first day of his presidency, but Musk remained in the team.

Many claim that Musk (his companies) has benefited greatly from the billionaire association with Trump, and as part of Dog, he canceled positions and financing in agencies that were investigating issues against his companies, such as NLRB.

Trump’s policies have benefited from Tesla

Some of Trump’s actions were also considered favorable to Tesla, and the president is in the process of complete elimination of the Office of Compliance Programs for Labor Labor Contracts (Off -Labor), which was checking Tesla. Trump has also reduced self -driving rules, which would benefit Tesla, which is to launch the Robotaxi service in Austin later this month. However, Trump also prompted the elimination of EV benefits that were greatly benefiting from Tesla, which may have helped destroy Musk.

Whether Trump Musk directly or not, Musk added billions of dollars to his net wealth after Trump’s election, as Tesla shares rose to record its highest levels in December 2024. Musk donated more than 270 million dollars in the Trump campaign, and at the height of Tesla last year, a clear value throughout the amount was 170 dollars since it classified it every time. In his angry attacks on the president, he claimed that Trump would not win the elections without helping him.

Musk now spends more time in his companies

Musk says at least publicly spends more time in his companies than the White House these days. The Xchat feature is the first important new initiative we have seen from the social media company for a long time. Neuralink also closed a $ 650 million financing round. As for Tesla, the company is now focusing on Robotaxi Flow, which MUSK emphasized the right track of the June launch. The company will compete with Waymo supported by Alphabet, which already provides Robotaxi service in partnership with Uber.

Robotaxi’s launch will be another test of independent driving capabilities in Tesla, but it takes MUSK demands salt. None of them have promised to be a countdown to full independent leadership.

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