Elon Musk recognizes BTC potential after Trump’s Bitcoin speech
2 min readElon Musk discussed the potential of Bitcoin following Donald Trump’s keynote speech at the Bitcoin 2024 conference.
On the X Takeover podcast, hosted by Tesla’s Silicon Valley owners, Musk shared his views on Bitcoin, explaining that he sees benefits in the cryptocurrency, especially in light of Trump’s recent speech in Nashville.
Elon Musk says he will not promote cryptocurrency
During the podcast, Musk talked about technology, space exploration and sustainability. When asked about his opinion on Bitcoin, he responded cautiously.
“I’m not going to promote cryptocurrency – except in jest. If you see me promoting cryptocurrency, that’s not me,” Musk said. “I believe Bitcoin and maybe some other cryptocurrencies have their place, and I have a soft spot for Dogecoin because I like dogs and memes.”
Musk also stressed the importance of community notes on X-posts to dispel misinformation, warning listeners to fact-check any crypto opinions attributed to him on social media.
Trump wants to fire SEC Chairman Gensler if elected
Former US President Donald Trump reiterated his support for Bitcoin with several important announcements during his speech at the Bitcoin 2024 conference.
He outlined plans to include cryptocurrencies in government 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 chairman of the Securities and Exchange Commission (SEC).
In addition, Trump assured attendees that his administration would end the current administration’s “anti-crypto crusade” and promised to create a more crypto-friendly environment from the start 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 it,” he said.
