Here’s my take on what’s happening:

Elon sees that PayPal is entering the crypto exchange game. Elon is still butthurt that X turned into PayPal, and he feels he would have run the company better and they would be way ahead of the game by now.

So he went ahead and bought Twitter to acquire an app with a massive userbase that already has a bunch of crypto users on it, in order to turn it into a crypto exchange/wallet/payment platform. He can then turn this userbase of millions of people worldwide into the largest crypto app in the world.

In order to do that, he was basically like “sure Zuck you can have the tweeting thing, in fact I’m going to make it super toxic so people actually download your platform and help you out.” They’re not going to delete Twitter, they’ll still have it downloaded on their phone they will just transition to posting basic thoughts on there while he turns X into a crypto centric information source and wallet/exchange platform.

Then Zuck makes billions, Elon makes billions, Jack Dorsey made billions when the company went private, everybody wins.

They’re both just playing a PR game at this point and we’re all riding the train.