- Elon Musk denies discussing crypto with Trump amid hypothesis.
- Trump has been closely selling Bitcoin (BTC) recently, presumably as a solution to woo voters.
- There’s hypothesis a few potential adviser position for Musk in Trump’s 2024 presidential marketing campaign.
Elon Musk, CEO of Tesla and SpaceX, strongly denied experiences that he mentioned cryptocurrency with former President Donald Trump in a publish on X.
This denial comes amid rising hypothesis and a number of experiences claiming that the 2 influential figures have been speaking about crypto-related issues.
I am fairly positive I’ve by no means mentioned crypto with Trump, though I am usually in favor of issues that switch energy from the federal government to the folks, which is what crypto can do
– Elon Musk (@elonmusk) May 30, 2024
Bloomberg began it with Musk advising Trump on Crypto
The controversy started when a Bloomberg report mentioned Musk was advising Trump on cryptocurrency coverage, sparking important curiosity and hypothesis within the media and cryptocurrency neighborhood.
Including gas to the hearth, DogeDesigner, a well known determine within the crypto neighborhood, tweeted about Musk and Trump allegedly discussing cryptocurrency coverage.
The rumors got here as Trump, the main Republican presidential candidate in 2024, closely promoted bitcoin and different digital belongings on the marketing campaign path. He just lately even promised to free Silk Highway creator Ross Ulbricht if re-elected.
Trump is positioning cryptocurrencies as a strategic asset for the US, stressing that the nation needs to be a frontrunner on this discipline. His private crypto holdings reportedly exceed $10 million, and the MAGA token related together with his firm just lately hit an all-time excessive of $15.4.
Including to the intrigue, The Wall Road Journal reported on Might 29 that Trump is contemplating a attainable advisory position for Musk if he wins the 2024 presidential election. The report highlights that regardless of their beforehand strained relationship, Musk and Trump have engaged in coverage discussions on a wide range of coverage concepts, together with immigration and cryptography.
Musk, nevertheless, clarified that he won’t take part in any presidential marketing campaign, however allegedly knowledgeable Trump of his intention to carry occasions aimed toward stopping rich supporters from supporting Joe Biden.
What the connection between Elon Musk and Trump means for crypto
The event of the connection between Musk and Trump has important implications for the cryptocurrency market. Each males have the flexibility to significantly affect public attitudes towards digital currencies.
Their discussions and Musk’s proactive stance on crypto might affect investor sentiment and form future regulatory insurance policies, doubtlessly affecting 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 the 2 influential figures stays a matter of intense curiosity and hypothesis.
