Unrelated in the short term. In the long term, I disagree.
Twitter is not that interesting of an app that users are flocking to it, nor it is so fundamentally different from any of its competitors and essential as a social network, that it would have a captive audience.
Twitter user base peaked in 2022. There haven't been any new major features, no concrete plans, but regardless, they have not enough manpower to implement them even if they wanted to.
> As far as innovation, though, Elon has stated he wants X to be the 'everything app' similar to whatever it is they use in China, in particular payments.
Good luck with that. People in the US, and especially the EU, don't like to have their payment apps linked to their social media. It's not like big tech hasn't tried already, e.g. Google Wallet, Facebook Pay, SnapCash, etc.
East Asia runs on a different gear. They have their own "everything apps", e.g. Kakao, Line, WeChat. Musk is not going to convince them to switch, that's for sure, and I highly doubt he would succeed where so many others have failed, definitely not with a withering platform like Twitter.