Elon Musk just lately addressed rumors of conversations with 2024 Republican presidential candidate Donald Trump about cryptocurrency on X, the platform previously often known as Twitter.
Rumors additionally cowl the potential for Musk chatting with Trump on the subsequent Republican Nationwide Conference.
Trump-Musk Cryptocurrency Hypothesis
He stated he didn’t recall discussing cryptocurrencies with Trump, though he typically helps strikes to empower people over the federal government, according to the potential of cryptocurrencies.
“To make certain, I’ve by no means mentioned cryptocurrencies with Trump, though I’m typically in favor of transferring energy from authorities to the individuals, and cryptocurrencies can try this,” Musk posted on X.
Fairly certain I’ve by no means mentioned cryptocurrencies with Trump, despite the fact that I am typically in favor of issues that transfer energy from the federal government to the individuals, and cryptocurrencies can try this
— Elon Musk (@elonmusk) May 30, 2024
Elon Musk has additionally clarified that he won’t financially assist any presidential marketing campaign however stated he intends to carry occasions to discourage rich backers from supporting Joe Biden.
There was no official response to rumors that Musk will converse with Trump on the Republican Nationwide Conference.
This interplay between Musk and Trump is critical for the cryptocurrency market, as they’ve the potential to affect public notion and regulatory choices that impression cryptocurrency adoption and stability.
Elon Musk’s potential advisory position
Then again, the Wall Avenue Journal talked about that Trump is contemplating a possible advisory position for Elon Musk if Musk wins the upcoming election. Regardless of previous tensions, the 2 have been discussing numerous coverage concepts, together with immigration and attainable cryptocurrency-related points.
The experiences come as Trump continues to advertise Bitcoin and different digital belongings as a part of his marketing campaign technique to attach with new teams of voters.
Trump reportedly has greater than $10 million in cryptocurrency belongings, with the MAGA token hitting an all-time excessive of $15.4.
BREAKING NEWS: 🇺🇸 Donald Trump says “I’m very optimistic and open about cryptocurrency firms.”
“Our nation should be a pacesetter on this area. There is no such thing as a second place. 🙌 pic.twitter.com/M0cyk8AUyi
— Bitcoin Journal (@BitcoinMagazine) May 25, 2024
Bitcoin worth surges
In the meantime, the worth of Bitcoin has risen just lately, rising by 0.80% up to now 24 hours and by 1.80% up to now week. The surge has taken its present worth to $68,192, with buying and selling quantity as excessive as $23 billion.
There are 20 million Bitcoins in circulation, with a market worth of $1.3 trillion. These figures underscore Bitcoin’s enduring recognition and its place because the market’s main cryptocurrency.
Trump responsible of bribery
Donald Trump was convicted on all 34 counts of falsifying enterprise information in a legal hush-money scheme designed to affect the end result of the 2016 election. The jury’s verdict, delivered in lower than 12 hours, marked an unprecedented occasion in American historical past, marking the primary legal trial of a sitting or former president in america.
The choice poses a serious political problem to Trump, the seemingly Republican nominee, whose approval rankings have remained secure through the trial however who could face volatility within the close to future.
After deliberations, a jury of 12 New Yorkers discovered Trump responsible of felony falsification of enterprise information, a cost that prohibits making a false entry in a document with the intent to commit one other crime.
Trump is scheduled to be sentenced on July 11, marking a important second in his political and authorized trajectory.
Featured picture through Getty Pictures, chart through TradingView
