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Elon Musk Acknowledges Bitcoin’s Potential After Trump’s Bitcoin 2024 Speech

30.07.2024
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Elon Musk discussed the potential of Bitcoin following Donald Trump’s keynote at the Bitcoin 2024 conference.

On the X Takeover podcast hosted by the Tesla Owners Silicon Valley, Musk elaborated on his views regarding Bitcoin, stating that he sees merit in the cryptocurrency, especially in the context of Trump’s recent speech in Nashville.

Elon Musk Says He Will Not Promote Crypto

During the podcast, Musk discussed technology, space exploration, and sustainability. When asked about his views on Bitcoin, he responded cautiously.

“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 said. “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 emphasized the importance of community notes on X posts to dispel misinformation. He warned the audience to verify any crypto opinions attributed to him on social media.

Trump to Fire SEC Chair Gensler if Elected

Former President Donald Trump reinforced his support for Bitcoin with several key announcements during his speech at the Bitcoin 2024 conference.

He outlined plans to incorporate cryptocurrency into the government’s reserves and declared his intention to position the United States as a global leader in the crypto space.

Trump emphasized his commitment to the Bitcoin community by promising major changes in regulatory leadership.

“On day one, I will fire Gary Gensler,” he announced, referring to the current Securities and Exchange Commission (SEC) chair.

Additionally, Trump assured attendees that his administration would end the “anti-crypto crusade” of the current administration, pledging to foster a more crypto-friendly environment from the outset 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 said.

The post Elon Musk Acknowledges Bitcoin’s Potential After Trump’s Bitcoin 2024 Speech appeared first on Cryptonews.

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Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

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