Elon Musk denies discussing crypto with Trump amid hypothesis.
Currently Trump has been actively selling Bitcoin (BTC), probably as a option to appeal to voters.
There’s hypothesis of a possible advisory function for Musk in Trump’s 2024 presidential marketing campaign.
Elon Musk, the CEO of Tesla and SpaceX, in a put up on X has firmly denied stories suggesting he mentioned cryptocurrency with former President Donald Trump.
This denial comes amid rising hypothesis and a number of stories claiming the 2 influential figures have been conversing about crypto-related issues.
Fairly positive I’ve by no means mentioned crypto with Trump, though I’m usually in favor of issues that shift energy from authorities to the folks, which crypto can do
— Elon Musk (@elonmusk) Could 30, 2024
Bloomberg began it stating Musk suggested Trump on Crypto
The controversy started when a Bloomberg report urged that Musk had endorsed Trump on cryptocurrency coverage, igniting vital curiosity and hypothesis throughout the media and the cryptocurrency neighborhood.
Including gas to the fireplace, DogeDesigner, a notable determine within the crypto neighborhood, tweeted about Musk and Trump allegedly discussing cryptocurrency coverage.
These rumors surfaced as Trump, the main candidate for the 2024 Republican presidential nomination, has been vocally selling Bitcoin and different digital property on the marketing campaign path. He just lately even promised to free Silk Street creator Ross Ulbricht if re-elected.
Trump has been positioning cryptocurrencies as a strategic asset for the USA, emphasizing that the nation have to be a pacesetter within the area. His private crypto holdings reportedly exceed $10 million, and the MAGA token, related along with his marketing campaign, just lately hit an all-time excessive of $15.4.
Additional including to the intrigue, The Wall Road Journal reported on Could 29 that Trump is contemplating a doable advisory function for Musk ought to he win the 2024 presidential election. The report highlighted that, regardless of a beforehand tense relationship, Musk and Trump have been participating in political discussions on numerous coverage concepts, together with immigration and crypto.
Musk, nevertheless, clarified that he is not going to be contributing to any presidential campaigns however has allegedly knowledgeable Trump of his intention to carry occasions geared toward discouraging rich supporters from backing Joe Biden.
What Elon Musk, Trump relationship imply for crypto
The growing relationship between Musk and Trump has vital implications for the cryptocurrency market. Each people possess the flexibility to affect public attitudes towards digital currencies profoundly.
Their discussions and Musk’s proactive stance on crypto may sway investor sentiment and form future regulatory insurance policies, doubtlessly impacting the broader adoption and stability of the crypto market.
Because the 2024 election approaches, the intertwining of political discourse and cryptocurrency continues to attract consideration.
Whereas Musk has denied any crypto talks with Trump, the potential for collaboration between these two influential figures stays a topic of eager curiosity and hypothesis.
