Twitter CEO Elon Musk disclosed in an interview that various U.S. government agencies had full access to Twitter user activity, including DMs. These revelations shocked crypto Twitter causing Bitcoin and Dogecoin prices to fall effectively and are now trading in “red”.
Twitter CEO Elon Musk in an interview with Fox News told host Tucker Carlson that various government agencies effectively had full access to everything that was going on Twitter. The U.S. government was also spying on users’ DMs under previous management.
“The degree to which various government agencies effectively had full access to everything that was going on at Twitter blew my mind.”
He also commented on the disadvantages of artificial intelligence (AI) to mankind. He said AI is “more dangerous than mismanaged aircraft design or production maintenance or bad car production.” Musk believes AI has the potential of civilization destruction.
However, Musk has introduced his new AI company recently, called X.AI, to rival OpenAI’s ChatGPT.
Also Read: OpenAI’s Sam Altman Comments On X.AI; Here’s How Elon Musk Responded
Crypto Twitter Reacts to US Government Agencies’ Access to Twitter Users’ Privacy
The crypto community was shocked that U.S. agencies are indeed spying on private messages on Twitter. Some believe the government still has complete access to activity and DMs on other social media platforms like Facebook, Instagram, Telegram, and Google.
Twitter users compared the revelations by Elon Musk to the illegal government surveillance Edward Snowden exposed in 2013.
Crypto influencer Matt Wallace claims the US government is almost near to implementing a China-like social credit monitoring system to spy on user activity online.
Bitcoin and Dogecoin Prices Plummet
All top cryptocurrencies fell after the news reached the crypto community. Bitcoin (BTC) price broke the $30k psychological barrier and fell to a 24-hour low of $29,816. The second largest cryptocurrency Ethereum (ETH) price also fell from $2,137 to $2,076.
Elon Musk’s favorite Dogecoin price felt pressure from Twitter privacy news and fell from a 24-hour high of $0.0915. DOGE price is currently trading at $0.0894, down 3% from the 24-hour high.
Also Read: XRP Lawyer Recalls Gary Gensler Video On ‘Crypto’ Panic Among Banks
