Elon Musk’s social media platform X has sparked confusion and disappointment in the cryptocurrency community by removing several long-standing cryptocurrency emojis. This change, which includes the removal of the Bitcoin (BTC) emoji, has left many users puzzled and concerned about the implications.
According to multiple reports, X removed the Bitcoin hashtag emoji along with several other crypto-related emojis on July 25.
The removal comes after over four years of these emojis being part of the platform, following their introduction by X co-founder Jack Dorsey in February 2020. At that time, Bitcoin was trading at around $10,000.
The removal of the emojis is not limited to Bitcoin. Other cryptocurrencies, including Crypto.com Coin (CRO) and Binance Coin (BNB), also saw their emojis removed. These emojis were adopted by the platform in 2020, providing a visual representation for users discussing these digital assets.
The crypto community on X reacted swiftly to the news, with many expressing sadness and confusion about the missing emojis. Some industry advocates speculated that the removal of the Bitcoin emoji could negatively impact the price of Bitcoin by reducing its visibility and ease of discussion on the platform.
Timing and Context
The timing of the emoji removal has added to the community’s confusion. The change occurred on the same day as the start of the Bitcoin 2024 conference in Nashville, a significant event for the cryptocurrency world.
The conference, running from July 25, features prominent speakers, including Republican presidential nominee Donald Trump, who is scheduled to speak on July 27 and has identified himself as a pro-crypto candidate.
The emojis have been a popular feature, facilitating easier communication and engagement among users discussing cryptocurrency topics.