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The Bitcoin community is buzzing on X, wondering what has made Elon Musk’s X platform to remove the Bitcoin hashmoji after its absence has been noticed and then the removal got confirmed by an X team member.

X no longer shows Bitcoin hashmoji

X user “DogeDesigner” (@cb_doge), who is a member of the DOGE team and an X insider, has shared that the Bitcoin hashmoji does not work on X any more. Only a Bitcoin hashtag is left.

He did not provide any explanation for this unexpected decision, leaving the crypto community on X puzzled. Heated discussions have been rising about what made Elon Musk order to remove the hashmoji of the world’s flagship cryptocurrency which was added by Twitter co-founder and its former CEO Bitcoiner Jack Dorsey.

Several Bitcoin influencers have commented on that removal, including JAN3 boss Samson Mow, an early Bitcoin adopter and BTC millionaire Jeremy Davinci, and trader @TheMoonCarl.

It seems, however, that it is not only Bitcoin but haskmojis for all other cryptos have been removed on X.

Tesla still holds Bitcoin

As reported by U.Today, as of April this year, Elon Musk’s electric car producer Tesla still holds a large Bitcoin stash – there is $184 million worth of BTC on the company’s balance sheet, according to Tesla’s Q1 2024 earning results.

In February 2021, the company announced purchasing $1.5 billion in Bitcoin. After that, Musk announced that Tesla started to accept Bitcoin payments for electric automobiles it produces. This pushed the world’s largest crypto to a historic price peak above the $60,000 level in April.

However, in the same month Musk suddenly announced that Tesla stopped accepting Bitcoin over environmental concerns about the proof-of-work-based BTC mining.

Tesla continued holding Bitcoin on its balance sheet, though, but then began to gradually sell its BTC stash. The aforementioned $184 million worth of Bitcoin is all what is left of it by now.

No X coin to be launched, per Musk

Recently, X has been preparing for launching internal payments and has been securing the necessary licenses in various US states. 

While one may think that Elon Musk could perhaps be clearing space and removing hashemojis of Bitcoin and other cryptocurrencies, he has several times made it clear that none of his companies, including X, are going to launch their own cryptocurrency.