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

[Abiky]

This just dropped within the past 24 hours:
Elon has a partnership with Visa and this news just opened up for crypto inspired X-wallet becoming a reality:

https://www.thecoinrepublic.com/2025/01/29/elon-musks-x-launches-digital-wallet-new-doge-use-case
https://www.reuters.com/technology/x-seals-payments-deal-with-visa-push-toward-musks-everything-app-goal-source-2025-01-28

Here is what the current CEO of X had to say about this inregards to the new x-payments system:

https://x.com/lindayaX/status/1884254005188034772

Funny thing, there is no mention of crypto or Blockchain tech in Elon Musk's new payment system. "X Money" would be nothing more than another payment processor like PayPal. I mean, where's the innovation? For some time, Elon Musk hinted the use of DOGE on X for payments. But this goes against what he promised in the first place. It feels like Dogecoin investors were deceived. All in an effort to make Musk richer, and the rest, poorer ("rekt").

I'm afraid the OP is right. Elon Musk is only in crypto just for attention to boost his companies (and wealth). Not because he believes in it. It won't be long before the Dogecoin hype ends. Market prices for DOGE will surely retrace to their original levels. As for Bitcoin, it will do fine with or without Musk's support. Prices will continue to rise way beyond $1m. I'd suggest you only buy and "hodl" Bitcoin for complete peace of mind. You'll thank me later.

[Lanatsa]

This just dropped within the past 24 hours:
Elon has a partnership with Visa and this news just opened up for crypto inspired X-wallet becoming a reality:

https://www.thecoinrepublic.com/2025/01/29/elon-musks-x-launches-digital-wallet-new-doge-use-case
https://www.reuters.com/technology/x-seals-payments-deal-with-visa-push-toward-musks-everything-app-goal-source-2025-01-28

Here is what the current CEO of X had to say about this inregards to the new x-payments system:

https://x.com/lindayaX/status/1884254005188034772

Funny thing, there is no mention of crypto or Blockchain tech in Elon Musk's new payment system. "X Money" would be nothing more than another payment processor like PayPal. I mean, where's the innovation? For some time, Elon Musk hinted the use of DOGE on X for payments. But this goes against what he promised in the first place. It feels like Dogecoin investors were deceived. All in an effort to make Musk richer, and the rest, poorer ("rekt").

I'm afraid the OP is right. Elon Musk is only in crypto just for attention to boost his companies (and wealth). Not because he believes in it. It won't be long before the Dogecoin hype ends. Market prices for DOGE will surely retrace to their original levels. As for Bitcoin, it will do fine with or without Musk's support. Prices will continue to rise way beyond $1m. I'd suggest you only buy and "hodl" Bitcoin for complete peace of mind. You'll thank me later.

Turned out to be that kind of deceiving thing and this is why its always be that recommended that you shouldnt be trusting up these personalities or known people whenever they do tend to recommend or hyped up something because on the time that you are following and invest or buy directly whenever they do tend to hype up. There are tons of rumors about DOGE to be used on this new payment on which this is the main thing that most people will really be that expecting but now that they've made out some announcement about xpayment then this is indeed not that different with these typical traditional payments and since there's no talk about DOGE then expect that it will be having that kind of disappointment.

The thing on here is that since this is still yet to be announced about the full features and other information then we dont really know if they have chosen not to make up that mentioning about DOGE or whatever crypto that they will really be that including on which this will really be that making up that kind of possible surprises if ever and its still giving out some hope into those who had invested at the time that Elon hyped up about Doge.

[hero_the_bossman]

Funny thing, there is no mention of crypto or Blockchain tech in Elon Musk's new payment system. "X Money" would be nothing more than another payment processor like PayPal. I mean, where's the innovation? For some time, Elon Musk hinted the use of DOGE on X for payments. But this goes against what he promised in the first place. It feels like Dogecoin investors were deceived. All in an effort to make Musk richer, and the rest, poorer ("rekt").

I'm afraid the OP is right. Elon Musk is only in crypto just for attention to boost his companies (and wealth). Not because he believes in it. It won't be long before the Dogecoin hype ends. Market prices for DOGE will surely retrace to their original levels. As for Bitcoin, it will do fine with or without Musk's support. Prices will continue to rise way beyond $1m. I'd suggest you only buy and "hodl" Bitcoin for complete peace of mind. You'll thank me later.

Most big figures use crypto as a whole to push their agendas / set of ideas / to profit from it.
There are only a few out there who we can at least consider those who have faith real in Bitcoin especially.
So I am not even surprised with Musk not being.. the one some imagined him to be.

[Abiky]

This just dropped within the past 24 hours:
Elon has a partnership with Visa and this news just opened up for crypto inspired X-wallet becoming a reality:

https://www.thecoinrepublic.com/2025/01/29/elon-musks-x-launches-digital-wallet-new-doge-use-case
https://www.reuters.com/technology/x-seals-payments-deal-with-visa-push-toward-musks-everything-app-goal-source-2025-01-28

Here is what the current CEO of X had to say about this inregards to the new x-payments system:

https://x.com/lindayaX/status/1884254005188034772

Funny thing, there is no mention of crypto or Blockchain tech in Elon Musk's new payment system. "X Money" would be nothing more than another payment processor like PayPal. I mean, where's the innovation? For some time, Elon Musk hinted the use of DOGE on X for payments. But this goes against what he promised in the first place. It feels like Dogecoin investors were deceived. All in an effort to make Musk richer, and the rest, poorer ("rekt").

I'm afraid the OP is right. Elon Musk is only in crypto just for attention to boost his companies (and wealth). Not because he believes in it. It won't be long before the Dogecoin hype ends. Market prices for DOGE will surely retrace to their original levels. As for Bitcoin, it will do fine with or without Musk's support. Prices will continue to rise way beyond $1m. I'd suggest you only buy and "hodl" Bitcoin for complete peace of mind. You'll thank me later.

Turned out to be that kind of deceiving thing and this is why its always be that recommended that you shouldnt be trusting up these personalities or known people whenever they do tend to recommend or hyped up something because on the time that you are following and invest or buy directly whenever they do tend to hype up. There are tons of rumors about DOGE to be used on this new payment on which this is the main thing that most people will really be that expecting but now that they've made out some announcement about xpayment then this is indeed not that different with these typical traditional payments and since there's no talk about DOGE then expect that it will be having that kind of disappointment.

The thing on here is that since this is still yet to be announced about the full features and other information then we dont really know if they have chosen not to make up that mentioning about DOGE or whatever crypto that they will really be that including on which this will really be that making up that kind of possible surprises if ever and its still giving out some hope into those who had invested at the time that Elon hyped up about Doge.

[ancafe]

Watching the lately spot about Musk appearing on live tv this weekend for showing what all the hype is about and if he will actually have a mention of his favorite cryptocurrency doge, it seems the media are jumping all over this appearance.

He has a different mindset than most people and there are many things that he might think of to make him one of the richest people in the world because of the many things he did even though many people said it was impossible. The moment Trump was elected president made his name even more talked about because he entered Trump's cabinet and maybe this will be a golden age that might give birth to many successes for him.

I watched Trump's inauguration on television and he looked so confident to give a small speech and it showed a slightly excessive gesture in my opinion. Regardless of how he did it all and maybe there are many other craziness that he will do because maybe he thinks he has the ability.

[GigaBit]

This just dropped within the past 24 hours:
Elon has a partnership with Visa and this news just opened up for crypto inspired X-wallet becoming a reality:

https://www.thecoinrepublic.com/2025/01/29/elon-musks-x-launches-digital-wallet-new-doge-use-case
https://www.reuters.com/technology/x-seals-payments-deal-with-visa-push-toward-musks-everything-app-goal-source-2025-01-28

Here is what the current CEO of X had to say about this inregards to the new x-payments system:

https://x.com/lindayaX/status/1884254005188034772

Funny thing, there is no mention of crypto or Blockchain tech in Elon Musk's new payment system. "X Money" would be nothing more than another payment processor like PayPal. I mean, where's the innovation? For some time, Elon Musk hinted the use of DOGE on X for payments. But this goes against what he promised in the first place. It feels like Dogecoin investors were deceived. All in an effort to make Musk richer, and the rest, poorer ("rekt").

I'm afraid the OP is right. Elon Musk is only in crypto just for attention to boost his companies (and wealth). Not because he believes in it. It won't be long before the Dogecoin hype ends. Market prices for DOGE will surely retrace to their original levels. As for Bitcoin, it will do fine with or without Musk's support. Prices will continue to rise way beyond $1m. I'd suggest you only buy and "hodl" Bitcoin for complete peace of mind. You'll thank me later.

Turned out to be that kind of deceiving thing and this is why its always be that recommended that you shouldnt be trusting up these personalities or known people whenever they do tend to recommend or hyped up something because on the time that you are following and invest or buy directly whenever they do tend to hype up. There are tons of rumors about DOGE to be used on this new payment on which this is the main thing that most people will really be that expecting but now that they've made out some announcement about xpayment then this is indeed not that different with these typical traditional payments and since there's no talk about DOGE then expect that it will be having that kind of disappointment.

It is usually difficult to predict what celebrities or big business man want to do. Moreover, they can increase investment in any asset by creating a hype, which is difficult for ordinary. Elon Musk tweeted a lot about Dogecoin in the beginning, the price of Dogecoin  increase as he promoted Dogecoin, but in the long run it lost its value.

There was a plan to make Dogecoin a payment method on X.com a long time ago, but we have not received any confirmed information about it yet. There is definitely doubt whether Dogecoin will really be set as a payment method on this platform in the future. It is difficult to predict when and what kind of announcements will come from such business people. I will definitely never suggest investing based on their words.

[rdbase]

@GigaBit

As they say, like father like son. As Elon's father launched a memecoin and it seemed that everybody missed this since Trump and Melania had theirs launched at around the same time. So this flew under the radar but still managed to outpace both dogecoin and shub-inu in it's growth of market capitalization.

https://www.thestreet.com/crypto/markets/elon-musks-fathers-musk-it-memecoin-jumps-350-beats-dogecoin-shiba-inu-

[Abiky]

It is usually difficult to predict what celebrities or big business man want to do. Moreover, they can increase investment in any asset by creating a hype, which is difficult for ordinary. Elon Musk tweeted a lot about Dogecoin in the beginning, the price of Dogecoin  increase as he promoted Dogecoin, but in the long run it lost its value.

There was a plan to make Dogecoin a payment method on X.com a long time ago, but we have not received any confirmed information about it yet. There is definitely doubt whether Dogecoin will really be set as a payment method on this platform in the future. It is difficult to predict when and what kind of announcements will come from such business people. I will definitely never suggest investing based on their words.

I think Elon Musk is afraid of the regulators. Integrating a decentralized crypto such as Dogecoin into X, would certainly bring regulatory scrutiny. That's why he created his own system. So he can manipulate it to regulators' own desires. The Trump administration is known to be crypto-friendly. I'm certain everything will be "reds and roses" for the tech entrepreneur.

Elon Musk will continue to get richer, but I can't say the same about Dogecoin investors. They have been deceived and will get "rekt" big time. Politicians and businessmen have their own tactics to get what they want. You'd be a fool if you fall into their trap. Just pay attention to the market itself to help determine your next move. Buy low, and sell high to achieve complete peace of mind. I'm sure crypto (particularly Bitcoin) will go to "infinity and beyond". Just you wait and see.

[Reid]

I think Elon Musk is afraid of the regulators. Integrating a decentralized crypto such as Dogecoin into X, would certainly bring regulatory scrutiny. That's why he created his own system. So he can manipulate it to regulators' own desires. The Trump administration is known to be crypto-friendly. I'm certain everything will be "reds and roses" for the tech entrepreneur.

Elon Musk will continue to get richer, but I can't say the same about Dogecoin investors. They have been deceived and will get "rekt" big time. Politicians and businessmen have their own tactics to get what they want. You'd be a fool if you fall into their trap. Just pay attention to the market itself to help determine your next move. Buy low, and sell high to achieve complete peace of mind. I'm sure crypto (particularly Bitcoin) will go to "infinity and beyond". Just you wait and see.

One big dump by these whales will drag them all to hell. They would be better if they just start taking profits as much as possible and don't make it a long term investment. If Elon Musk do inject Doge on his X company then there might be a chance for long-term but still they have to be careful with this.

It looks like they are creating more messy things.
https://finance.yahoo.com/news/as-he-targets-the-cfpb-elon-musk-looks-to-dismantle-his-own-potential-regulator-231008060.html
As he targets the CFPB, Elon Musk looks to dismantle his own potential regulator

Musk seemed to signal those moves were imminent on Friday afternoon, tweeting “CFPB RIP” just hours after members of his Department of Government Efficiency — aka DOGE — set up shop at the agency. “They did above zero good things, but still need to go,” he added later.

I don't know his end game but I think this is the start of it and there's going to be a lot of chaos. It is hard to watch two businessmen leading one of strongest countries in the world and it feels like they are only doing it for themselves. But that's just my opinion.

[betswift]

One big dump by these whales will drag them all to hell. They would be better if they just start taking profits as much as possible and don't make it a long term investment. If Elon Musk do inject Doge on his X company then there might be a chance for long-term but still they have to be careful with this.

It looks like they are creating more messy things.
https://finance.yahoo.com/news/as-he-targets-the-cfpb-elon-musk-looks-to-dismantle-his-own-potential-regulator-231008060.html
As he targets the CFPB, Elon Musk looks to dismantle his own potential regulator

Musk seemed to signal those moves were imminent on Friday afternoon, tweeting “CFPB RIP” just hours after members of his Department of Government Efficiency — aka DOGE — set up shop at the agency. “They did above zero good things, but still need to go,” he added later.

I don't know his end game but I think this is the start of it and there's going to be a lot of chaos. It is hard to watch two businessmen leading one of strongest countries in the world and it feels like they are only doing it for themselves. But that's just my opinion.

All for the money, all for the value at stake, and any opportunity is the one that wild cards like Musk himself would pick and try.
And they spike things up simply by tweeting them in socials 
After chaos ensues, there will be big changes all over.

[Reynaldo]

Looking back at this 2021 thread is pretty interesting given what's happened since then. The Doge SNL appearance feels like ancient history now that we've seen Musk's full playbook with X/Twitter payments and the whole CBDC situation.

Let's be real - Musk has always played both sides of crypto. Remember Tesla's Bitcoin flip-flop? Now he's pushing for X payments while Trump's executive order about CFPB oversight is making waves in the payment space. Classic case of big players using crypto when it suits their agenda.

The CFPB order is particularly spicy timing considering X's payment ambitions. You've got Musk trying to build his "everything app" payment system while regulatory pressure is ramping up. Almost feels like 2021's Doge pump was just a test run for what's happening now.

Bottom line: Follow what they do, not what they tweet. The real story is always in the regulatory moves and business plays, not the memes.

[rdbase]

Looking back at this 2021 thread is pretty interesting given what's happened since then. The Doge SNL appearance feels like ancient history now that we've seen Musk's full playbook with X/Twitter payments and the whole CBDC situation.

Let's be real - Musk has always played both sides of crypto. Remember Tesla's Bitcoin flip-flop? Now he's pushing for X payments while Trump's executive order about CFPB oversight is making waves in the payment space. Classic case of big players using crypto when it suits their agenda.

The CFPB order is particularly spicy timing considering X's payment ambitions. You've got Musk trying to build his "everything app" payment system while regulatory pressure is ramping up. Almost feels like 2021's Doge pump was just a test run for what's happening now.

Bottom line: Follow what they do, not what they tweet. The real story is always in the regulatory moves and business plays, not the memes.

This only seemed to add fuel to his fire. This SNL skit seemed to be the begin of him talking about cryptocurrencies infront of a global audience.
Having played both sides is a very smart move at a tactical standpoint.
It allows him to pivot at the first sense of resistance to what he is trying to put fourth in his arguments.
This also keeps his name in the headlines on all major media outlets worldwide, including his own X.
The latest one that caught my eye was "Musk demolishes regulatory constraints of payments through X!"
Which is a very statement to say the least because this is what he has been fighting for ever since he announced it was eventually coming.

[betswift]

-snip-
Bottom line: Follow what they do, not what they tweet. The real story is always in the regulatory moves and business plays, not the memes.

Always has been like that, and it will be - influencers are there to spike things in the populace up by tweets, but what they do may be an entirely different plethora of schemes and actions.

[rdbase]

-snip-
Bottom line: Follow what they do, not what they tweet. The real story is always in the regulatory moves and business plays, not the memes.

Always has been like that, and it will be - influencers are there to spike things in the populace up by tweets, but what they do may be an entirely different plethora of schemes and actions.

There had been a little bit of news recently that Elon's D.O.G.E government efficiency department is going to investigate into the SEC after the former head Gary Gensler left:

source: https://www.fxstreet.com/cryptocurrencies/news/musks-doge-targets-sec-dividing-crypto-industry-202502181029
https://cointelegraph.com/news/elon-musk-doge-targets-securities-exchange-commission

Could this affect the closure to the Ripple lawsuit which was ending for XRP:
https://www.mitrade.com/insights/news/live-news/article-3-647967-20250219

[Abiky]

Looking back at this 2021 thread is pretty interesting given what's happened since then. The Doge SNL appearance feels like ancient history now that we've seen Musk's full playbook with X/Twitter payments and the whole CBDC situation.

Let's be real - Musk has always played both sides of crypto. Remember Tesla's Bitcoin flip-flop? Now he's pushing for X payments while Trump's executive order about CFPB oversight is making waves in the payment space. Classic case of big players using crypto when it suits their agenda.

The CFPB order is particularly spicy timing considering X's payment ambitions. You've got Musk trying to build his "everything app" payment system while regulatory pressure is ramping up. Almost feels like 2021's Doge pump was just a test run for what's happening now.

Bottom line: Follow what they do, not what they tweet. The real story is always in the regulatory moves and business plays, not the memes.

Elon Musk uses cryptocurrency meaningfully, not just for its sake. He uses it opportunistically to make changes that influence other markets. CFPB's decision of overwatch could sabotage Musk’s plan of betting off for those markets. The outlook for all these markets is their present and future side by side. DOGE in cycles has expected growth, showing signs of similar price transition over short periods. Just my two sats.

[rdbase]

Looking back at this 2021 thread is pretty interesting given what's happened since then. The Doge SNL appearance feels like ancient history now that we've seen Musk's full playbook with X/Twitter payments and the whole CBDC situation.
Let's be real - Musk has always played both sides of crypto. Remember Tesla's Bitcoin flip-flop? Now he's pushing for X payments while Trump's executive order about CFPB oversight is making waves in the payment space. Classic case of big players using crypto when it suits their agenda.
The CFPB order is particularly spicy timing considering X's payment ambitions. You've got Musk trying to build his "everything app" payment system while regulatory pressure is ramping up. Almost feels like 2021's Doge pump was just a test run for what's happening now.
Bottom line: Follow what they do, not what they tweet. The real story is always in the regulatory moves and business plays, not the memes.

Elon Musk uses cryptocurrency meaningfully, not just for its sake. He uses it opportunistically to make changes that influence other markets. CFPB's decision of overwatch could sabotage Musk’s plan of betting off for those markets. The outlook for all these markets is their present and future side by side. DOGE in cycles has expected growth, showing signs of similar price transition over short periods. Just my two sats.

Exactly!
This showed from the surge in DOGE coin's market value since he has taken the helm of the department of government efficiency or what he decided to have everyone call it D.O.G.E.

https://defi-planet.com/2025/02/elon-musk-sparks-5-doge-surge-amid-reddit-threat-controversy

[jakelyson]

^
This goes to show how supporting Donald Trump could get you, but I am totally positive about it (that is why I'm buying DOGE) as Elon Musk is doing something that the previous government avoided doing, and that includes checking Fort Knox if the gold was still there.

So this is my topic that I really want to discuss with you guys, and it gives us some time to think about what may happen if the Gold in Fort Knox was not in there as Elon Musk was claiming, what will happen to the Economy of America?



So the question is what if the gold wasn't there at all, An actual audit of Fort Knox hasn’t happened since 1974. and if an Audit were conducted right now with the previous government and if they found out that the gold wasn't there that would not mean a big scandal to the U.S. but that would also trigger a big financial crisis in history and could shift the value of the Dollar in the market well I have just seen this in my research in the internet that this would be the key things that may happen when the audit in Fort Knox concluded.

• Gold Prices Would Skyrocket
• Global Financial Instability
• The U.S. Dollar Could Collapse in Confidence
• Exposure of Market Manipulation

[rdbase]

Musk appeared on the JRE podcast a few days ago which would be the first time since becoming the head of the D.O.G.E government efficiency department.
Very interesting start of it with introducing the advancement of his GROK 3 entry into the AI bot sphere.
It begins trash talking him and doesn't seem to have any delays in there responses compared to google's gemini.
When he asks it about the gold reserves in Fort Knox, it is completely aware they are speaking to Elon so asks when are you going to do the audit as per what @jakelyson had already posted about in their previous post above.

Joe Rogan Experience #2281 - Elon Musk

https://www.youtube.com/watch?v=sSOxPJD-VNo

[jakelyson]

Musk appeared on the JRE podcast a few days ago which would be the first time since becoming the head of the D.O.G.E government efficiency department.
Very interesting start of it with introducing the advancement of his GROK 3 entry into the AI bot sphere.
It begins trash talking him and doesn't seem to have any delays in there responses compared to google's gemini.
When he asks it about the gold reserves in Fort Knox, it is completely aware they are speaking to Elon so asks when are you going to do the audit as per what @jakelyson had already posted about in their previous post above.

Joe Rogan Experience #2281 - Elon Musk

https://www.youtube.com/watch?v=sSOxPJD-VNo

Talking about the AI, it was bad manners for sure and bad-mouthing Elon Musk, and it was funny pointing that one out. I really wish that Elon Musk could make her more on the good side, but maybe this is for the consumption of Elon Musk and not for the public, but it was really cool, and I want one on my phone, but the topic about Fort Knox and if the Gold was still there is really the topic that many are waiting to be unveil but Elon Musk is very subtle about it even his AI was talking about it to be just a rumor making the topic a safe answer but it was a good watch there are so much topic in Joe Rogan's podcast so I recommend everyone to watch it personally.

Cardano Creator Charles Hoskinson asked Elon Musk to fix the DOGE coin and make it a standard currency for X. I really think it was brilliant, but I think Elon Musk has a better option for DOGE in the future. It could be a Cryptocurrency for his operation on the government, but maybe let's just wait for it as I think Cardano is a good investment as this is a coin that surely has a utility and could be a good use for the future just like XRP, and now if DOGE could have a multiple utility that would be a good one for DOGE investors.

[nullama]

~snip~
This just dropped within the past 24 hours:
Elon has a partnership with Visa and this news just opened up for crypto inspired X-wallet becoming a reality:

I don't think this new payment has anything to do with crypto. It's just a different payment processor, like PayPal for example.

I wouldn't call PayPal crypto, same with this.

The thing that I keep thinking is the name, the "Everything App". I think Elon Musk wants to use this app to control the citizens, so that they have to use this app to pay, everything is controlled in a centralized way, and they also use it for connecting with other people, only in the ways that the government allows...

This app is a totalitarian dream!