During an interview with host Tucker Carlson from Fox News, Elon Musk made a shocking disclosure that multiple U.S. government authorities have total access to Twitter user activity, including DMs. This revelation has caused quite a stir in the crypto Twitter community, resulting in a decline in Bitcoin and Dogecoin prices, which are currently trading in the “red.”
Recent Discussion with Musk
In a recent discourse, the topic of artificial intelligence (AI) was brought up and renowned entrepreneur Elon Musk shared his concerns regarding its potential drawbacks.
He emphasized that AI has the capability to present greater hazards than inadequately executed aircraft design, production maintenance, or substandard car production, as he believes it has the potential to cause extensive devastation to civilization. Nevertheless, despite these concerns, Musk has established his own AI company, X.AI, which is poised to rival OpenAI’s ChatGPT.
Crypto Twitter Reacts with Concern and Criticism
The recent news that private messages on Twitter are being monitored by U.S. agencies has caused a stir within the crypto community. This development has raised concerns that the government may have unrestricted access to user activity and direct messages across other social media platforms such as Facebook, Instagram, Telegram, and Google.
Twitter users are drawing comparisons between Elon Musk’s disclosure and the illegal government surveillance exposed by Edward Snowden in 2013. According to Matt Wallace, a crypto influencer, the U.S. government is on the verge of implementing a social credit monitoring system similar to China’s, which will enable the surveillance of user activity online.
Bitcoin and Dogecoin Prices Affected
The cryptocurrency community recently experienced a decline in the value of their top digital assets due to the dissemination of certain news. The leading cryptocurrency, Bitcoin (BTC), plummeted below the psychological $30k threshold, reaching a 24-hour low of $29,816.
Ethereum (ETH), the second-largest cryptocurrency, also suffered a decrease in price, dropping from $2,137 to $2,076. Even Elon Musk’s favored Dogecoin was not spared, as it felt the impact of Twitter privacy news, causing it to fall from a 24-hour high of $0.0915. Currently, DOGE is trading at $0.0894, which is 3% less than the 24-hour high.