Elon Musk talks about talking to Donald Trump about crypto.
Elon Musk denies discussing crypto with Trump amid speculation Lately, Trump has been actively promoting Bitcoin (BTC), presumably to woo voters. There is speculation that he may have an advisory role for Musk in Trump's 2024 presidential campaign.
In a post on X, Tesla and SpaceX CEO Elon Musk strongly denied reports that he had discussed cryptocurrency with former President Donald Trump.
This denial comes amid growing speculation and multiple reports that the two influential figures have been discussing crypto-related matters.
Although I generally support things that transfer power from the government to the people, I have never discussed with Trump what crypto could do.
— Elon Musk (@elonmusk) May 30, 2024
Musk Advises Trump On Crypto, Launched By Bloomberg
The controversy began with a Bloomberg report that Musk advised Trump on cryptocurrency policy, sparking intense interest and speculation in the media and crypto community.
Adding fuel to the fire, DogeDesigner, a prominent figure in the crypto community, tweeted that Musk and Trump had discussed cryptocurrency policy.
The rumors emerged as Trump, the 2024 Republican presidential nominee, touted Bitcoin and other digital assets on the campaign trail. He recently promised to exonerate Silk Road creator Ross Ulbricht if re-elected.
Trump has been positioning cryptocurrencies as a strategic asset for the US, emphasizing that the country should be at the forefront of the sector. His personal crypto holdings are said to exceed $10 million, and the MAGA token associated with the campaign recently hit a high of $15.4.
Adding to the intrigue, The Wall Street Journal reported on May 29 that Musk is considering a possible advisory role if Trump wins the 2024 presidential election. The report notes that despite tensions in the past, Musk and Trump have been engaged in political discussions on a range of policy issues, including immigration and cryptocurrencies.
Musk, however, has clarified that he will not contribute to any presidential campaigns, but has informed Trump that he is interested in holding events designed to keep wealthy supporters from supporting Joe Biden.
Elon Musk, what Trump affinity means to crypto.
The growing relationship between Musk and Trump has significant implications for the cryptocurrency market. Both individuals have the ability to influence public opinion on digital currencies.
Their discussion and Mook's proactive stance on crypto could sway investor sentiment and shape future regulatory policies, potentially affecting the wider acceptance and stability of the crypto market.
As the 2024 election approaches, political rhetoric and the entanglement of cryptocurrency continue to gain attention.
While Musk has denied any crypto talks with Trump, the collaboration between these two influential figures remains a subject of intense interest and speculation.
