On the X Takeover podcast, hosted by Tesla Owners Silicon Valley, Elon Musk shared his insights on Bitcoin. He acknowledged the value of the cryptocurrency, especially after Donald Trump’s recent speech in Nashville.
Elon Musk’s Stance on Crypto Promotion
During the podcast, Musk covered various topics, including technology, space exploration, and sustainability. When the conversation shifted to Bitcoin, he expressed caution.
“I’m not going to be promoting crypto — at most, in a joking way. If you see me pumping crypto, it’s not me,” Musk stated. “I do think there’s some merit in Bitcoin, and maybe some other cryptos, and I’ve sort of got a soft spot for Dogecoin because I like dogs and memes.”
Musk also highlighted the significance of community notes on X posts to combat misinformation. He advised the audience to verify any crypto opinions attributed to him on social media.
Trump’s Promise to Dismiss SEC Chair Gensler if Elected
Former President Donald Trump reiterated his support for Bitcoin with several key declarations during his speech at the Bitcoin 2024 conference.
He shared his plans to integrate cryptocurrency into the government’s reserves and aimed to establish the United States as a global leader in the crypto sector.
Trump emphasized his dedication to the Bitcoin community by promising significant changes in regulatory leadership.
“On day one, I will fire Gary Gensler,” he announced, referring to the current Securities and Exchange Commission (SEC) chair.
Moreover, Trump assured attendees that his administration would terminate the current administration’s “anti-crypto crusade,” vowing to create a more crypto-friendly environment from the start of his potential presidency.
“We will have regulations, but from now on, the rules will be written by people who love your industry, not hate your industry,” he stated.
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