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

[OgNasty]

There was a post on X from Elon saying that X payments were coming next month.
No mention of what sort of currency would be used but more likely some sort of stablecoin at first.
Since they are talking about giving 6% on any balance being held on their platform.

I wish he would IPO SpaceX before X payments launches. It seems like Elon is setting up IPO investors to buy the absolute top. I can’t say I blame him, but for a guy who for years has been saying the SpaceX IPO would benefit small investors the most, he doesn’t seem to be leaving much to the imagination.

[rdbase]

There was a post on X from Elon saying that X payments were coming next month.
No mention of what sort of currency would be used but more likely some sort of stablecoin at first.
Since they are talking about giving 6% on any balance being held on their platform.

I wish he would IPO SpaceX before X payments launches. It seems like Elon is setting up IPO investors to buy the absolute top. I can’t say I blame him, but for a guy who for years has been saying the SpaceX IPO would benefit small investors the most, he doesn’t seem to be leaving much to the imagination.

Think I seen an article published late last month that SpaceX IPO will be available to the public in June.
And as of now I haven't seen much advancement in the long awaited X payments released on the platform yet.
I doubt they will have a working product to be released to the public before the IPO is now.
Due to bugs happening and since it does involve people's money, they would want a seamless system in place instead of one full of errors.

[OgNasty]

There was a post on X from Elon saying that X payments were coming next month.
No mention of what sort of currency would be used but more likely some sort of stablecoin at first.
Since they are talking about giving 6% on any balance being held on their platform.

I wish he would IPO SpaceX before X payments launches. It seems like Elon is setting up IPO investors to buy the absolute top. I can’t say I blame him, but for a guy who for years has been saying the SpaceX IPO would benefit small investors the most, he doesn’t seem to be leaving much to the imagination.

Think I seen an article published late last month that SpaceX IPO will be available to the public in June.
And as of now I haven't seen much advancement in the long awaited X payments released on the platform yet.
I doubt they will have a working product to be released to the public before the IPO is now.
Due to bugs happening and since it does involve people's money, they would want a seamless system in place instead of one full of errors.

That is good news at least.  The way they keep raising the IPO valuation, at some point it will become less interesting as an investment.  Elon needs to slow down a bit for a couple months.  1.75 trillion for an IPO already sounds nuts.  Hopefully that's where it stops.  I was a lot more excited about investing when they were throwing around 1.25 trillion as the number.

[test2026]

His influence on Doge price is now almost nil now. May be he can boost price of an altcoin temporarily but in long term, his tweet does not mater for any coin. If a crypto coin really has to do well, it has to solve some real problem.

[rdbase]

There was a post on X from Elon saying that X payments were coming next month.
No mention of what sort of currency would be used but more likely some sort of stablecoin at first.
Since they are talking about giving 6% on any balance being held on their platform.

I wish he would IPO SpaceX before X payments launches. It seems like Elon is setting up IPO investors to buy the absolute top. I can’t say I blame him, but for a guy who for years has been saying the SpaceX IPO would benefit small investors the most, he doesn’t seem to be leaving much to the imagination.

Think I seen an article published late last month that SpaceX IPO will be available to the public in June.
And as of now I haven't seen much advancement in the long awaited X payments released on the platform yet.
I doubt they will have a working product to be released to the public before the IPO is now.
Due to bugs happening and since it does involve people's money, they would want a seamless system in place instead of one full of errors.

That is good news at least.  The way they keep raising the IPO valuation, at some point it will become less interesting as an investment.  Elon needs to slow down a bit for a couple months.  1.75 trillion for an IPO already sounds nuts.  Hopefully that's where it stops.  I was a lot more excited about investing when they were throwing around 1.25 trillion as the number.

A company's stock and how they carry themselves after announcing such things as a public offering can make or break them.
Just look at the latest bid that Gamestop made for eBay.
They were asked where would the money be coming from for making such a huge purchase of another company.
The CEO avoided the question made by the reporter and the Gamestop's stock dropped several percent while the interview was still going live on air.
Just hope this does not happen with Elon when SpaceX does go up for public investors to purchase his companies stock.

His influence on Doge price is now almost nil now. May be he can boost price of an altcoin temporarily but in long term, his tweet does not mater for any coin. If a crypto coin really has to do well, it has to solve some real problem.

Completely agree with you on that point. He does not have any influence on it anymore because it has been done so many times that the public and CT have desensitized to him with any connections to cryptocurrency and even bitcoin.

[mohdadeeb]

I think it’s probably a mix of both. Elon has clearly helped bring massive public attention to crypto over the years, especially with Bitcoin and Dogecoin, but at the same time his companies benefit from being associated with innovation and future-focused technology. Whether people agree with him or not, his influence definitely moves conversations  and sometimes even markets  almost instantly.

[rdbase]

I think it’s probably a mix of both. Elon has clearly helped bring massive public attention to crypto over the years, especially with Bitcoin and Dogecoin, but at the same time his companies benefit from being associated with innovation and future-focused technology. Whether people agree with him or not, his influence definitely moves conversations  and sometimes even markets  almost instantly.

When it comes to Musk, Cryptocurrency is not being focused on when he has been battling with Open AI on whether their non-profit ideals were legitimate in the first place.
https://www.nbcnews.com/tech/elon-musk/musk-flies-china-trump-ongoing-openai-trial-rcna344981

Elon does want to keep moving forward towards the future when it comes to xAI and keeping his name in the headlines does seem to be in his favor when it comes to going against the biggest name in the game.

[SilverCryptoBullet]

When it comes to Musk, Cryptocurrency is not being focused on when he has been battling with Open AI on whether their non-profit ideals were legitimate in the first place.
https://www.nbcnews.com/tech/elon-musk/musk-flies-china-trump-ongoing-openai-trial-rcna344981

Elon does want to keep moving forward towards the future when it comes to xAI and keeping his name in the headlines does seem to be in his favor when it comes to going against the biggest name in the game.

It's not what he is good at so it's natural that he chose fields he has profession and necessary skills to focus his energy and work on them. Even with many companies he has been the CEOs, it's already overwhelming for him, like a human he can not work like a robot without rest. I see it's better for Elon if he reduces his work pressure and intensity, but it's his favorite working style.

The future will have many elements, not only blockchain and cryptocurrencies, so there will be no lack of things for Elon and his companies to do.

[monetizator4]

Musk's focus on AI and keeping the spotlight on those projects makes sense given his track record. Crypto might take a back seat when there are bigger fish to fry, like OpenAI. But his involvement still raises awareness for crypto, even if indirectly

[JoyMarsha]

Musk's focus on AI and keeping the spotlight on those projects makes sense given his track record. Crypto might take a back seat when there are bigger fish to fry, like OpenAI. But his involvement still raises awareness for crypto, even if indirectly

One thing I like about Musk, he makes something huge from what's in the spotlight before others will find their way to it. That's the character of a businessman.

Since the rise of AI, Musk has been investing and doing other research about it, which has gained massive support and investors around him to build something that will generate a whole lot of wealth and be of help to our generation. I wonder when AI being in the spotlight will stop and when more findings about it will also stop. I think it is an idea to align with it now in whatever ways that seem legit

[Abiky]

When it comes to Musk, Cryptocurrency is not being focused on when he has been battling with Open AI on whether their non-profit ideals were legitimate in the first place.
https://www.nbcnews.com/tech/elon-musk/musk-flies-china-trump-ongoing-openai-trial-rcna344981

Elon does want to keep moving forward towards the future when it comes to xAI and keeping his name in the headlines does seem to be in his favor when it comes to going against the biggest name in the game.

All of the attention is on AI right now. Besides, Elon Musk never took crypto seriously. He made many promises to Dogecoin investors, only to deceive them in the end. Like integrating DOGE into the "X" (formerly Twitter) platform for payments. Now he wants to sue OpenAI, further diverting attention away from crypto. Why not decide to make a new Blockchain powered by AI (in this case, Grok)? I mean, if Elon decides to take crypto seriously. It seems that he's only looking for attention. He did it in the beginning, and he's doing it again.

The market already moved past Elon Musk, so there will be nothing he can do to spark a crypto frenzy. In some sense, this is a good thing. We can't have a single person manipulate the whole crypto market, right?