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Elon Musk Strings with Pi Coin, Rumor or Real?

Key Takeaways
  • Pi Coin is making headlines due to delays in its live launch compared to its current value.
  • According to reports, the Pi network's mainnet is set to go live on June 28, 2024.
  • However, now Pi Coin is associated with billionaire Elon Musk, with rumors suggesting that Musk may accept Pi Coin as a payment option.
08-May-2024 By: Sakshi Jain
Elon Musk Strings wi

Elon Musk will accept Pi Coin as a payment option

There’s news circulating in the market. Recently, there has been a buzz around Pi Coin which has gained traction in the current trend. As a result, people connected with the community of this token are expressing various possibilities related to Pi Coin on social media platforms. In line with this, there's been speculation revolving around that billionaire businessman and owner of Platform X that is Elon Musk might accept Pi Coin as a payment option. 

However, it hasn't been officially disclosed on social media platforms whether Elon Musk, the owner of Platform X will accept Pi Coin as a payment option in any of his multiple businesses. Elon Musk's association with Pi Coin remains just a rumor as there has been no official statement from Musk's side and neither has the Pi Coin team confirmed the reality of such claims. 

Nevertheless, it's undeniable that Elon Musk is a cryptocurrency enthusiast and often seems to support Dogecoin. Regardless of how he has distanced himself from the crypto market recently and now talks less about cryptocurrencies. Additionally, Pi Coin currently has no value as its network mainnet has not yet been launched. Therefore, it seems unlikely for Musk to associate himself with a token that is not yet available for trading.

Pi Coin will be the next Bitcoin, Users believe

Users of Pi Coin have been waiting for a long time for the launch of the network mainnet. They believe that in the upcoming days, as per assumptions Pi Coin could become the next Bitcoin. However, neither the open mainnet of the Pi Network has been launched nor its tokens are tradable at present. Moreover, recently several scams have surfaced in the name of Pi Coin where users were deceived into purchasing Pi Coin under pretenses.

The team associated with Pi Coin has announced that the open mainnet of the network will go live on June 28th, where currently it is in a closed mainnet phase. On Comparing Pi Coin with Bitcoin, it is drawn out that the price of Bitcoin currently ranges between $62,000 and $65,000, whereas Pi Coin currently holds no value. Furthermore, until its network mainnet goes live, any speculation about this coin would be premature.

Users have High Expectations with Pi Coin

Pi users have high hopes for Pi Coin. Currently, Pi Coin is mined through its application. Due to the network mainnet not being live, it cannot be bought or traded. Nonetheless, holders of this token are optimistic about its future. Some believe that once the Pi Network mainnet goes live, the price of Pi Coin could reach $0.50. Some users even speculate that upon listing, it could surpass the magical figure of $1. It's worth noting that the Pi Network operates on the Stellar Consensus Protocol mechanism which allows users to benefit from their contributions to the network. This is why Pi Coin has gained traction in the trend even before its network mainnet goes live.

Also Read: Crypto Scams On The Rise Before Pi Network Mainnet Goes Live

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