2024 has been a rollercoaster for crypto, with X acting as the front-row seat to all the drama. Let’s dive into the top crypto tweets of 2024 and what they reveal about the year in a nutshell. Table of Contents When the crypto cop packs up From hater to believer When memes meet government Crypto and AI walk into the white house Michael Saylor’s mega Bitcoin stack SEC gets a slice of humble pie CZ vs. the meme coin craze Inverse cramer still working Peter Schiff’s bubble talk When the crypto cop packs up The first and foremost — and arguably the best crypto tweet of 2024 came from none other than Gary Gensler, the Chair of the Securities and Exchange Commission. On Nov. 21, he announced his resignation via a concise thread on Twitter, stating, “On January 20, 2025, I will be stepping down as SECGov Chair.” On January 20, 2025 I will be stepping down as @SECGov Chair. A thread 🧵⬇️ — Gary Gensler (@GaryGensler) November 21, 2024 Gensler’s tenure as SEC Chair, which began in 2021, has been nothing short of polarizing for the crypto industry. Known for his no-nonsense approach, he led an aggressive regulatory crackdown, describing the sector as “rife with fraud and hucksters.” Under his leadership, the SEC launched a record-breaking 46 enforcement actions against crypto-related entities in 2023 alone, marking a sharp 53% increase compared to 2022. In his post, Gensler credited the SEC’s staff as “true public servants” and emphasized the Commission’s focus on “protecting investors” and “enforcing the law without fear or favor.” However, the crypto community viewed this announcement through a very different lens. Many perceived it as the end of what they considered an overly harsh era of regulation. Social media, particularly the sphere of crypto Twitter influencers, reacted with outright relief. Adding to the intrigue, Gensler’s resignation sets the stage for Paul Atkins, a former SEC commissioner known for his pro-crypto stance, to take the helm. Atkins’ nomination by President-elect Donald Trump has fueled speculation about a more favorable regulatory environment for crypto, presenting a stark contrast to Gensler’s approach. From hater to believer The next major entry in the best crypto tweets of 2024 came from Donald J. Trump on Oct. 31, just days before the U.S. presidential elections. I would like to wish our great Bitcoiners a Happy 16th Anniversary of Satoshi’s White Paper. We will end Kamala’s war on crypto, & Bitcoin will be MADE IN THE USA! VOTE TRUMP! #Bitcoin #FreeRossDayOne — Donald J. Trump (@realDonaldTrump) October 31, 2024 In this tweet, Trump celebrated the 16th anniversary of Bitcoin’s ( BTC ) white paper, extended his best wishes to the Bitcoin community, and vowed to “end Kamala’s war on crypto” while ensuring that Bitcoin would be “Made in the USA.” Trump’s message marked a striking departure from his earlier views on crypto. During his first presidential term, he frequently dismissed crypto as speculative and unreliable, raising concerns about its use in illegal activities. By mid-2024, however, his stance had shifted dramatically. Trump’s promises go beyond rhetoric. During a private meeting at Mar-a-Lago on Dec. 16, he met with Kris Marszalek, CEO of Crypto.com. The discussions reportedly included ambitious proposals, such as establishing a U.S. Strategic Bitcoin Reserve to be managed by the Treasury’s Exchange Stabilization Fund—an idea Trump had previously floated during his Nashville speech in July. Trump has also outlined plans to ensure Bitcoin mining is “Made in the USA,” with the goal of positioning the U.S. as a global hub for crypto infrastructure. He has even expressed support for controversial measures, such as pardoning figures like Ross Ulbricht. When memes meet government The next best crypto tweet came from none other than Elon Musk. On Nov. 13, Musk shared a striking graphical image of a dog with the acronym “DOGE” prominently displayed. The image header read “Department of Government Efficiency.” pic.twitter.com/4K0ruu7UMS — Elon Musk (@elonmusk) November 13, 2024 The tweet wasn’t just a playful nod to Dogecoin ( DOGE ), the meme coin Musk has famously supported for years — it also carried a deeper connection to real-world events. President-elect Trump had recently announced the creation of the Department of Government Efficiency, an initiative aimed at reducing bureaucratic waste and streamlining federal operations. Musk, along with biotech entrepreneur Vivek Ramaswamy, was named as one of the leaders of this new department. The choice of acronym, DOGE, seemed to be a deliberate, Musk-like move to merge his well-documented love for Dogecoin with his new governmental role. For those who have followed Musk’s crypto journey, his association with Dogecoin comes as no surprise. He’s long been referred to as the “Dogefather,” a title earned through his relentless promotion of the DOGE. Elon Musk’s tweets about cryptocurrency have repeatedly influenced Dogecoin’s price, transforming it from a joke coin into a legitimate player in the crypto market. His history with DOGE includes everything from calling it “the people’s crypto” to suggesting it could become the currency of Mars. Crypto and AI walk into the white house The fourth entry in our top crypto tweets of 2024 features Donald J. Trump’s repost from his Truth Social account, announcing the appointment of David O. Sacks as the “White House A.I. & Crypto Czar.” I am pleased to announce that David O. Sacks will be the “White House A.I. & Crypto Czar.” In this important role, David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David… — Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) December 6, 2024 Trump’s announcement stated, “David will focus on making America the clear global leader in both areas… and will work on a legal framework so the crypto industry has the clarity it has been asking for.” This announcement makes clear how far crypto and AI have come from their early days as fringe industries met with skepticism. Today, these sectors are acknowledged as critical pillars of the future economy. With this new position, Trump continues his push to bring crypto-friendly voices into the policy-making process, signaling a clear intent to promote growth and leadership in both fields. As the founding-era COO of PayPal, Sacks was part of the legendary “PayPal Mafia,” a group of tech leaders who went on to create some of the most iconic companies of their time. Additionally, Sacks has been a prominent figure in Silicon Valley for over two decades. His crypto journey began as early as 2017, when he described Bitcoin as the cornerstone of a “decentralized web” and the “internet of money.” Michael Saylor’s mega Bitcoin stack The next entry comes from Michael Saylor, the Executive Chairman of MicroStrategy, a company renowned for its relentless acquisition of Bitcoin. In a Dec. 15 tweet, Saylor announced the latest milestone, stating, “MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin… As of 12/15/2024, we hodl 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 per bitcoin.” MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 per bitcoin. $MSTR https://t.co/SaWLNBVkrl — Michael Saylor⚡️ (@saylor) December 16, 2024 Since adopting Bitcoin as a treasury reserve asset in 2020, MicroStrategy has steadily increased its holdings through a combination of cash flow and debt financing. With 439,000 BTC in its reserves, the firm now stands as the largest corporate holder of Bitcoin and the fourth-largest holder overall. For perspective, the pseudonymous Bitcoin creator, Satoshi Nakamoto, remains the largest entity, controlling over a million BTC. Following Satoshi is BlackRock’s IBIT BTC ETF, which holds 553,460 BTC. Saylor’s tweet also points to impressive returns. With a quarter-to-date yield of 46.4% and a year-to-date yield of 72.4%, MSTR has cemented itself as a major player in the Bitcoin ecosystem. SEC gets a slice of humble pie The next crypto tweet of 2024 comes from Brad Garlinghouse, CEO of Ripple ( XRP ), following a key development in the company’s legal battle with the SEC. On Nov. 29, Garlinghouse tweeted: “The SEC asked for $2B, and the Court reduced their demand by ~94%, recognizing that they had overplayed their hand. This is a victory for Ripple, the industry, and the rule of law. The SEC’s headwinds against the whole of the XRP community are gone.” The SEC asked for $2B, and the Court reduced their demand by ~94% recognizing that they had overplayed their hand. We respect the Court’s decision and have clarity to continue growing our company. This is a victory for Ripple, the industry and the rule of law. The SEC’s… — Brad Garlinghouse (@bgarlinghouse) August 7, 2024 Ripple’s legal saga with the SEC began in December 2020, when the agency accused the company of selling XRP as an unregistered security. The case quickly became a flashpoint for the broader crypto industry, reflecting the growing tensions between regulators and the sector. Ripple consistently argued that XRP should not be classified as a security, citing its utility as a bridge currency for cross-border payments. The SEC, under Gary Gensler’s leadership, pursued the case aggressively as part of a broader crackdown on the industry. In July 2023, Ripple secured an initial partial victory when a court ruled that certain XRP sales — particularly those on secondary markets — did not constitute securities transactions. However, the case was far from over. The SEC continued its push, demanding an unprecedented $2 billion in penalties from Ripple. The turning point came in August 2024, when a court drastically reduced the SEC’s demand, ordering Ripple to pay a $125 million civil penalty — just under 6% of the original amount sought. Despite this significant win for Ripple, the SEC’s subsequent appeal indicates that the legal battle may not yet be entirely resolved. CZ vs. the meme coin craze The next standout in the top crypto tweets of 2024 comes from Changpeng Zhao, or simply CZ, the founder and ex-CEO of Binance. On Nov. 26, CZ expressed his unease with the booming meme coin trend, tweeting, “I am not against memes, but meme coins are getting ‘a little’ weird now. Let’s build real applications using blockchain.” I am not against memes, but meme coins are getting "a little" weird now. Let's build real applications using blockchain. — CZ 🔶 BNB (@cz_binance) November 26, 2024 Meme coins have taken 2024 by storm, dominating crypto conversations and becoming the hottest sector in the space. While classics like Dogecoin and Shiba Inu ( SHIB ) set the stage, today’s frenzy is fueled by platforms like Pump.fun , a Solana ( SOL ) based ecosystem designed to make launching and trading meme coins as simple as posting a tweet. The stats back up the hype. According to Dune Analytics, meme coin trading on Pump.fun made up a jaw-dropping 62.3% of all decentralized exchange ( DEX ) activity on the Solana blockchain in November — a figure that’s been climbing steadily for months. Among the most buzzworthy tokens are Peanut the Squirrel ( PNUT ), Just a Chill Guy ( CHILLGUY ), and Act I: The AI Prophecy ( ACT ). Each of these coins has tapped into quirky narratives and speculative excitement, drawing in traders from all corners of the crypto world. Inverse cramer still working The eighth noteworthy entry in the top cryptocurrency tweets of 2024 comes from Jim Cramer, the outspoken host of CNBC’s Mad Money and a polarizing figure in the financial world. On Aug. 5, Cramer waded into the age-old debate between traditional assets and crypto, tweeting, “Remember this: gold held up a lot better than crypto…” Remember this: gold held up a lot better than crypto… — Jim Cramer (@jimcramer) August 5, 2024 The post immediately sparked reactions, particularly from fans of the infamous “Inverse Cramer” phenomenon. The idea is simple: do the opposite of what Cramer advises, and you’re more likely to profit. Cramer’s August tweet proved to be another classic example. At the time, gold was trading at $2,411 per ounce, while Bitcoin sat around $54,000. Fast forward to Dec. 20, and gold has inched up to $2,606 — a respectable but modest 8% gain. Bitcoin, on the other hand, has skyrocketed to $98,000, delivering a jaw-dropping 81% return in just a few months. If you followed the Inverse Cramer playbook this year, it’s safe to say you’ve had a very profitable year. Peter Schiff’s bubble talk The final entry in our top crypto tweets of 2024 fittingly comes from Peter Schiff, Bitcoin’s most persistent critic and a vocal advocate for gold. On Dec. 16, Schiff took yet another jab at Bitcoin, tweeting, “Congratulations Bitcoiners on blowing the biggest bubble ever!” About 400 publicly traded dot-com companies went bankrupt when the bubble popped. At their peak, those 400 companies had a market cap of $1.7 trillion. The current market cap of #Bitcoin alone now exceeds $2 trillion. Congratulations Bitcoiners on blowing the biggest bubble ever! — Peter Schiff (@PeterSchiff) December 16, 2024 His post drew comparisons between Bitcoin’s $2 trillion market cap and the $1.7 trillion valuation of dot-com companies at their peak before the infamous bubble burst. The crypto community, predictably, wasn’t about to let this slide. Jeff Park of Bitwise Investments fired back with a sarcastic reply: “Thank you for your insights, Peter. Keep up the good work!” Thank you for your insights Peter. Keep up the good work! — Jeff Park (@dgt10011) December 16, 2024 Schiff’s disdain for Bitcoin is nothing new. He’s been calling it everything from a “Ponzi scheme” to “fool’s gold” since its early days. Despite his dire warnings, Bitcoin has defied expectations, climbing to new all-time highs and achieving widespread institutional adoption. Ironically, Schiff’s relentless pessimism has made him something of an unofficial mascot for Bitcoin rallies. His critiques are often met with memes and tweets celebrating his uncanny ability to be wrong at the worst possible times. While it’s unlikely Schiff will ever change his tune, his comments have become a source of amusement for Bitcoin enthusiasts.
