Elon musk is for crypto or just for attention to boost Tesla, SpaceX?

[Abiky]

Ripple or XRP as most would know it from it's cryptocurrency symbol has dealt a major blow to the SEC and fought back laws put in place against having crypto progression for over a four year long period and millions of dollars worth in legal bills:

https://en.cryptonomist.ch/2024/08/09/elon-musk-and-ripple-a-new-era-for-xrp-in-digital-payments

Elon has already shown the great significance of the symbol X to his business plans with the change of twitter's name to it but now he can possibly change the entire global payment's system by incorporating yet another X into his platform:

Crypto attorney Fred Rispoli advocates Musk add XRP to it's x payments service from the SEC losing their lawsuit against Brad Garlinghouse's company Ripple earlier last week.
https://x.com/freddyriz/status/1821384923661680802

I've always thought Elon Musk was going to buy Ripple to get ahold of XRP for payments within its "X" platform. The guy loves anything with an "X" on it, so why re-invent the wheel making a new cryptocurrency from scratch? I mean if he's seriously interested in crypto/Blockchain tech. If Elon Musk acquires Ripple, Inc, XRP will be going to the moon. I think Mars for that matter.

From what I've learned during all these years in crypto, is that anything's possible. XRP is centralized and has partnerships with many banks worldwide. It could easily become the global payment system endorsed by governments worldwide. If Elon Musk decides to create his very own coin, expect regulators to come up with a fight. They will do the same as they did with Facebook's Libra/Diem project. We'll see what happens in the future.

[rdbase]

Even bigger news on the horizon for the CEO of X and a reverend Trump supporter who donated to his campaign:

https://x.com/elonmusk/status/1825723913051000851


source: https://www.rollingstone.com/politics/politics-news/trump-elon-musk-administration-role-1235083514

[balotelli]

Elon is a crazy guy, just like me, lol.

[Mr.right85]

Even bigger news on the horizon for the CEO of X and a reverend Trump supporter who donated to his campaign:

https://x.com/elonmusk/status/1825723913051000851


source: https://www.rollingstone.com/politics/politics-news/trump-elon-musk-administration-role-1235083514

When the rich starts rolling, what can we say…

There is no doubt in my mind that this is born out of Elon’s support for Trump over the few months that this presidential campaign has been going on. Both by using his platform X, his outspokenness and by means of donations. This might not  mean much but definitely adds to Elon. When the plotters talks about “if willing to serve” and the next you hear “am willing to serve”. You just have to understand it’s scripted and not the first time it’s being said.

[Reid]

When the rich starts rolling, what can we say…

There is no doubt in my mind that this is born out of Elon’s support for Trump over the few months that this presidential campaign has been going on. Both by using his platform X, his outspokenness and by means of donations. This might not  mean much but definitely adds to Elon. When the plotters talks about “if willing to serve” and the next you hear “am willing to serve”. You just have to understand it’s scripted and not the first time it’s being said.

It's already done. Is that what you mean? Yeah, you might be right. I think this will be bigger for Elon Musk because now he can create havoc in the government and maybe push many of his projects to be supported instantly. That I think will be a bigger problem for those who are against him and it's not like everyone in the government is his fan.

But let's not go to that yet. First, Donald Trump must win and his PR is good at using Elon Musk now to improve his chance of winning. Why? Elon has a large fanbase too and then the Dogecoin holders are also in his back so this is two birds in one stone. Cryptocurrencies fans and Elon fans. Very wise.

I see Donald Trump now at 2.05 and Kamala Harris at 2.10. They need to broaden that gap if they want a sure win.

[Sonia_123]

Elon Musk who is one of the biggest investor in the world has listed the complete list of the biggest investors in crypto for X corp, since he bought the firm, 3 hours ago.


https://coingape.com/elon-musk-x-corp-reveals-major-backing-from-crypto-market/amp/

[rdbase]

Interesting group of those named so far:

But I would like to see a more complete list of those who are backing X with cryptocurrency.

[SickDayIn]

I don't believe he is for cryptocurrency for attention. He already has so much of that. Elon Musk doesn't care about money. But he does care about freedom, democracy, and the opportunity for the people to use whatever technology they see fit. This is what crypto represents for him.

[rdbase]

Truth be told he does care about free speech as we can all see this after he took over twitter and renamed it X.
With the recent turn of events he has more than ever shown where his views of freedom are and having grown up in South Africa he should know more than anyone how a society needs their freedom and how important freedom of speech is to everyone.

Elon Musk, Vitalik Buterin, RFK Highlight Growing Free Speech Threat After Durov’s Arrest

source: https://cryptopotato.com/elon-musk-vitalik-buterin-rfk-highlight-growing-free-speech-threat-after-durovs-arrest

[Abiky]

When the rich starts rolling, what can we say…

There is no doubt in my mind that this is born out of Elon’s support for Trump over the few months that this presidential campaign has been going on. Both by using his platform X, his outspokenness and by means of donations. This might not  mean much but definitely adds to Elon. When the plotters talks about “if willing to serve” and the next you hear “am willing to serve”. You just have to understand it’s scripted and not the first time it’s being said.

The man just wants to seek attention from the crypto community. It would be dumb enough to leave it behind, especially now that he's sided with a pro-crypto president. It seems the community already knows Elon Musk's tactics, since the recent AI-generated image about DOGE didn't "pump" market prices all the way to the moon. Good thing because it's not about one person. But rather the community as a whole.

I'm still waiting for Elon Musk to keep up with his promises of integrating DOGE into X (formerly known as Twitter). It's been all words without action. Rest assured that if Trump wins, Elon Musk's bags will be filled with money. That's because the crypto market will turn extremely-bullish. He's got nothing to lose. We'll see how long will Elon Musk's "empire" last.

[rdbase]

Elon Musk's electric car maker company Tesla wins dismissal of lawsuit alleging Dogecoin market manipulation recently:


source: https://www.dlnews.com/articles/snapshot/judge-dismisses-dogecoin-lawsuit-against-musk-tesla


source: https://www.coindesk.com/policy/2024/08/30/elon-musk-tesla-win-dismissal-of-lawsuit-alleging-dogecoin-market-manipulation

[Reid]

^
I say that's good news. He is just a supporter and I don't think that means too much if you say something like that. The only difference is he is a popular icon and he has so many followers. But, that should not mean we will deny him with his own opinion.

Elon Musk uses X to push his own story about the platform’s suspension in Brazil
https://www.nbcnews.com/tech/social-media/musk-uses-x-push-story-platforms-suspension-brazil-rcna169380

Honestly, I didn't have any clue that this is happening and I just recently read it.

Elon Musk and X are using the social media platform’s resources to rally supporters and spread legally questionable talking points about Brazilian Supreme Justice Alexandre de Moraes after he suspended X’s availability in the country.

The suspension came after X failed to appoint a legal representative in the country to manage orders and requests from Brazil’s court pertaining to content moderation. Musk refused to comply with de Moraes’ judicial orders to remove disinformation from the platform under Brazil’s speech laws.

Does X really have that much power when it comes to anything to believe in?
I do read some articles and sports news in X but I know they are real. But when it comes to people's opinions, it will depend on us if we will believe it or not. Facts are facts, it must be backed up by documents. An opinion is just a claim of an individual and I think it will depend on people on how they are going to take it.
Content Moderation? Yes, for 18-21+ contents. But with opinions, I think that's dictatorship if they are moderated.

Well, it is said that Brazil has different rule when it comes to misinformation so I guess that will change everything.

[OgNasty]

Elon Musk's electric car maker company Tesla wins dismissal of lawsuit alleging Dogecoin market manipulation recently:


source: https://www.dlnews.com/articles/snapshot/judge-dismisses-dogecoin-lawsuit-against-musk-tesla


source: https://www.coindesk.com/policy/2024/08/30/elon-musk-tesla-win-dismissal-of-lawsuit-alleging-dogecoin-market-manipulation

I think this was the only realistic outcome from the beginning. People can’t just blindly invest in something because someone else does and then sue if they don’t make money. I mean, they can, but that is a stupid thing to do. Sometimes, taking responsibility for your own bad decisions is the only way to move forward.

[rdbase]

This is a rather strange one to comprehend after reading the headline but it is about population collapse proposal:

https://www.rollingstone.com/politics/politics-news/elon-musk-taylor-swift-child-1235099654
Wonder how all the swifties and her NFL boyfriend will react about that.

[Reid]

I think this was the only realistic outcome from the beginning. People can’t just blindly invest in something because someone else does and then sue if they don’t make money. I mean, they can, but that is a stupid thing to do. Sometimes, taking responsibility for your own bad decisions is the only way to move forward.

That is right and those who followed Musk after he invested in Dogecoin have their own brains if they are doing the right thing or not. It's not the first investors problem anymore. Besides, he doesn't own Dogecoin as a company or something to manipulate anything.
There are whale investors who made mistakes thinking they could manipulate a cryptocurrency market and lost more than what they are expecting.

https://www.rollingstone.com/politics/politics-news/elon-musk-taylor-swift-child-1235099654
Wonder how all the swifties and her NFL boyfriend will react about that.

They may be preparing for their reaction just like how they prepared their break up in paper. Just kidding. They said it was just fake news, but I don't know, it could be true. Superstars are hard to predict, they tend to have emotional breakdowns and they might do things that are shocking.

It is said there that it became Elon Musk versus Taylor Swift now. Well, the other one owns his own social media, it's going to be difficult to fight against that.

[Wakate]

I don't believe he is for cryptocurrency for attention. He already has so much of that. Elon Musk doesn't care about money. But he does care about freedom, democracy, and the opportunity for the people to use whatever technology they see fit. This is what crypto represents for him.

Elon Musk is a wise billionaire and he was quick to use cryptocurrency to make his business popular, what many billionaires will never do trying to claim their own standard. He is open to opinions and he keeps talking about freedom which is what many of us want to hear. Everyone likes to have freedom and talk their mind regardless of what the government could do next. Elon could get so rich than even the next person would be marvelled how he is able to acquire such kind of wealth. He is a kind of person that invest in the future and that is why we are seeing that his wealth is becoming massive that it could pass the gdpa of some countries with time.

[terrific]

https://www.rollingstone.com/politics/politics-news/elon-musk-taylor-swift-child-1235099654
Wonder how all the swifties and her NFL boyfriend will react about that.

They may be preparing for their reaction just like how they prepared their break up in paper. Just kidding. They said it was just fake news, but I don't know, it could be true. Superstars are hard to predict, they tend to have emotional breakdowns and they might do things that are shocking.

It is said there that it became Elon Musk versus Taylor Swift now. Well, the other one owns his own social media, it's going to be difficult to fight against that.

Elon likes the clout that he's getting.
So whether this is true or not, he's still getting the exposure that he always likes and with that, it's giving more exposure to his companies mostly because people gets curious what he is up to.
And this won't be against Elon and Taylor Swift and fam but this is going to be Elon Musk versus the swifties. 

[Abiky]

Elon Musk is a wise billionaire and he was quick to use cryptocurrency to make his business popular, what many billionaires will never do trying to claim their own standard. He is open to opinions and he keeps talking about freedom which is what many of us want to hear. Everyone likes to have freedom and talk their mind regardless of what the government could do next. Elon could get so rich than even the next person would be marvelled how he is able to acquire such kind of wealth. He is a kind of person that invest in the future and that is why we are seeing that his wealth is becoming massive that it could pass the gdp of some countries with time.

Of course. Any wealthy person would choose crypto to make a lot money. It would be dumb enough to reject it. Especially when mainstream adoption is rising at a fast pace. If you're wealthy and still believe BTC is a fraud or "made out of thin air", then you're simply a hater. Warren Buffet is one of them. In the past, we had Michael Saylor, Larry Fink, and even Donald Trump himself against crypto. But they've changed their minds after realizing it's the future of money.

Elon Musk decided to take crypto seriously for his own benefit. He likes Dogecoin a lot, based on his past comments. Now that he supports a pro-crypto president like Donald Trump, it seems he'll be going all in. There were rumors that Elon Musk will acquire Ripple, Inc. to rollout XRP payments on his social media platform "X". If that's true, cryptocurrencies (particularly XRP) will be going all the way to "Mars". I'd suggest you keep stacking alts, just in case.