U.Today – The Bitcoin community is buzzing on X, wondering what has made Elon Musk’s X platform remove the Bitcoin hashmoji after its absence was noticed. Its removal was then confirmed by an X team member.

X no longer shows Bitcoin hashmoji

X user “DogeDesigner” (@cb_doge), a member of the DOGE team and an X insider, shared that the Bitcoin hashmoji does not work on X anymore. Only the Bitcoin hashtag remains.

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

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

It seems, however, that not only Bitcoin but hashmojis for all other cryptos have also been removed from X.

Tesla (NASDAQ:TSLA) still holds Bitcoin

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

In February 2021, the company announced purchasing $1.5 billion in Bitcoin. After that, Musk declared that Tesla started to accept Bitcoin payments for the electric automobiles it produces, pushing 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 proof-of-work-based BTC mining.

Tesla continued holding Bitcoin on its balance sheet but began gradually selling its BTC stash. The aforementioned $184 million worth of Bitcoin is all that remains by now.

No X coin to be launched, per Musk

Recently, X has been preparing to launch internal payments and has been securing the necessary licenses in various U.S. states.

While one might think that Elon Musk could be clearing space by removing the hashmojis of Bitcoin and other cryptocurrencies, he has repeatedly clarified that none of his companies, including X, are going to launch their own cryptocurrency.

This article was originally published on U.Today