Topic: Elon musk is for crypto or just for attention to boost Tesla, SpaceX? (Read 8279 times)

I just finished reading about this and I can say I am a bit surprised that the name was abbreviated as DOGE. Maybe this was Elon Musk plan too. Could also be the reason for Doge's sudden upward market.
But back to the subject since we are not in Altcoin Discussions.

https://en.wikipedia.org/wiki/Department_of_Government_Efficiency

Trump also said it will be a department that could "dismantle government bureaucracy" and more. I think those two will be targeting the budgets and other financial of every government agency and they will probably have more haters on the officials there. It's a big job, I just hope they can survive it and be brave enough to cut those budgets if needed be.

Yea, saw this before when some 'random' user had tweeted the full form of DOGE and elon replied to it.
Insane that they are actually gonna establish such a department,

People are already throwing shade saying a Department of Efficiency with 2 Heads is not actually Efficient 

For many that do not know, Trump was going to assign a position for Elon in his presidential counsel.
So it was announced yesterday he is going to put him and Vivek Ramaswamy as head of the Department Of Government Efficiency.

https://www.forbes.com/sites/maryroeloffs/2024/11/13/trump-names-musk-to-new-department-of-government-efficiency-heres-everything-theyve-said-about-working-together

https://www.cnn.com/2024/11/12/politics/elon-musk-vivek-ramaswamy-department-of-government-efficiency-trump/index.html

https://www.nytimes.com/2024/11/12/us/politics/elon-musk-vivek-ramaswamy-trump.html

True both @Sonia_123 & @fruktik
Elon Musk's net worth has raise by quite abit post U.S Election and is now $300 billion due to backing the right person to become president.
https://www.forbes.com/sites/dereksaul/2024/11/08/tesla-hits-1-trillion-market-cap-musk-becomes-300-billion-man-after-trump-win

His Tesla electric car corporation is now a trillion dollar company according to this article:
https://www.barrons.com/articles/tesla-stock-trump-election-711f7237

And Musk also earned $21 billion in one day. That's why he was so ardent in his support for Trump. Only a complete idiot couldn't understand and see the basics. Everything is much simpler than it seems. Why does Musk need a place in the government when he already has so much power and money? To carry out illegal activities under the patronage of a president who is a criminal himself? Yes, I don't rule out such a development. It is highly likely that the States will face hard times with such leadership.

I would already start thinking about impeaching Trump. Put all criminal cases into the process and bring them to a logical conclusion. A criminal should not be at the head of the country.

Elon Musk, Changpeng Zhao, Coinbase’s Brian Armstrong Add Billions to Net Worth Post-Trump Win
Musk's wealth surged by over $26b due to a Tesla stock boost, driven by the market's positive response to Trump's expected pro-business policies.

After Donald Trump’s presidential election victory on Nov. 6, 2024, numerous billionaires, especially those in the tech and finance sectors like Elon Musk, saw a substantial increase in their net worth.This boost came as the S&P 500 rose 2.5%, and the Nasdaq jumped 2.9% Wednesday, showing strong gains right after the election.
The Bloomberg Billionaires Index showed Musk’s wealth alone surged over $26b, driven by a strong rise in Tesla’s stock. This boost came from the market’s positive reaction to Trump’s anticipated policies, like corporate tax cuts and a pro-crypto stance.
Musk, who contributed about $119m to Trump’s campaign, benefited from this renewed investor confidence.
Trump, during his campaign, hinted that he intends to offer Musk an official role in his administration if re-elected. Talks about Musk’s potential role centered on creating a position focused on enhancing government efficiency and reducing costs. Musk has jokingly referred to this position as leading the “Department of Government Efficiency” (DOGE).


https://cryptonews.com/news/elon-musk-changpeng-zhao-brian-armstrong-add-billions-post-donald-trump-win/

Trump won, so there's a high chance Elon Musk will be nominated for a government position. There are rumors Trump will put Elon Musk in-charge of the Department of Energy. Others said the Department of Transportation would suit Elon Musk better. The D.O.G.E. (Department of Government Efficiency) will happen whenever we like it or not. I'm sure Elon Musk's bags will be filled with money soon. Dogecoin will probably surge in price, albeit for a short period of time. Bitcoin, on the other hand, will experience solid gains in the years ahead because of the upcoming pro-crypto Trump administration.

There's no way Elon Musk will ditch crypto. At least, not for now. We all know he's into this to get a lot of attention. And guess what? It seems that his strategy is working. What I really want to see is if Elon Musk will keep up with his promise of integrating Dogecoin into X (formerly known as Twitter) for payments. Time will tell us if this will become a reality or simply a "pipe dream". Just keep buy, "hodl", and forget about the rest.

Elon took to the Joe Rogan Experience right before the elections are complete and discussed the most recent occurrences which he has noticed during campaign smearing happening this time around.
Including what happened over the weekend with PNut the squirrel a social media phenomenon with millions of followers:
https://abcnews.go.com/US/wireStory/orphaned-squirrel-social-media-star-euthanized-after-seized-115415014

Just might be the turning moment that Trump needed just like in 2016 with Harambe:
https://www.vox.com/2016/11/9/13572332/-write-in-votes-election

They joked about this on the JRE podcast released yesterday:
Joe Rogan Experience #2223 - Elon Musk
https://www.youtube.com/watch?v=7qZl_5xHoBw

Elon's going all in on TRUMP as its been highly suggested elon will get a spot in Trump administration if Trump wins.
However if Kamala wins elon is surely to be in trouble for all the gray area election interference he might be doing.. 

For crypto surely Trump/Elon winning would be better but is it really better for the overall economy and for normal people like us ?

So they are attributing the spike up in the king of memecoin's price this week to this news released yesterday of Trump forming a Department Of Government Efficiency (D.O.G.E).
That he implied was going to head by Elon himself if elected.

https://www.coindesk.com/markets/2024/10/29/dogecoin-bets-spike-to-13b-as-trump-popularity-sees-doge-rocket-15

The next week is going to be very interesting for bitcoin and it will trickle down to these doge and AI memecoins.

Don't know if anyone even knew Elon had an interview with Tucker Carlson last week or not because as many have said before youtube has been taking it down for some reason.
But this one seems to have lasted a week so it should be one of the videos their filters have not censored so far.

Elon Musk with Tucker Carlson - full interview - October 2024
https://www.youtube.com/watch?v=T_SvLqkJuqs

They talk about his appearance at the Trump rally, where the former president almost got assassinated, which was the very first things they discussed also what the results were after the We Robot function where he introduced the Tesla robot Optimus which is said to retail at $20,000.

The robots surprised the participants of the program a lot. They have features that need to be developed, but even in this state, they give a very different feeling. Elon Musk likes to surprise people and constantly launch new products. New products have been liked by many people and as he always does, Elon is doing excellent marketing.

Marketing and advertising are perhaps the most money-spending parts when selling a product. Elon has overcome this problem and now every move he makes is an advertising and marketing tactic. The robot's communication with the crowd and what it does are like a spoiler about how they will be in the future. This is really where technology has come to and those who lead technology are taking their place in daily life with many new products.

The robots were the attraction of this show which happened Thursday night at Tesla.

Tesla Optimus Bot interacting with a crowd
https://www.youtube.com/watch?v=IG4wSOzQatE


Elon Musk's new AI Robot (Tesla Optimus) is INSANE!!!
https://www.youtube.com/watch?v=7R-w4mz4nWw

These did sound weird at first but you then realize they sound alot more human than an a.i robot.

^Thank you for that information @Sonia_123.

This on the other hand freaked me out and gave me goosebumps in amazement.

2 NEW Teslas Announced By Elon At We Robot Event
https://www.youtube.com/watch?v=RE9-cE5cjZU

I only see these kind of cars in the movies and they are just cars that are modified physically.

This guy is just unbelievable. He keeps on moving forward and I think many people are motivated because of what he does.

Then the Robovan.

It's like watching the future being unveiled by Elon. He truly is a visionary. With all this creation, all his supporters will probably follow wherever he invest his money with.

Elon Musk “Dark MAGA” Boosts Donald Trump’s Win Odds & Crypto Tokens Prices

Elon Musk's "Dark MAGA" declaration at Trump rally boosts MAGA crypto by 7%.
Trump-related cryptocurrencies see market surge; TrumpCoin up 20%, BABYTRUMP over 9%.
Musk's endorsement enhances Trump's election odds and leads Kamala Harris by 50.6% to 48.7%.

https://coingape.com/elon-musk-dark-maga-boosts-donald-trumps-win-odds-crypto-tokens-prices/

Elon Musk who was at the Trump campaign rally last night where he was shot returned for the first time since that event happened said he is Dark Maga.



source: https://www.cnn.com/2024/10/05/politics/musk-trump-rally-butler/index.html

Atleast Musk helped out the people after that hurricane who don't have internet using his StarLink services so they can communicate:
https://thehill.com/policy/technology/4911419-musk-starlink-help-north-carolina
https://www.nbcnews.com/business/business-news/elon-musk-starlink-brings-internet-politics-hurricane-helene-recovery-rcna173463

"We really need to do it!" That's what JPMorgan Chase CEO Jamie Dimon said and I like it. Government efficiency commission. Accountability, and public spending efficiency, I actually thought this should be a norm to government officials but we all know it's a dirty job, maybe even dirtier than a bank robber.

Although one good name of investment and CEO agreed with him, there are still problems that Elon Musk must face. And here is one.
Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates

https://edition.cnn.com/2024/10/02/business/elon-musk-twitter-x-fidelity/index.html

It's going to happen whether he like it or not. But there always be a solution to this kind of problem but since he is now in the circle of a presidential election feud, he might just want to endure this for now. It will go down but it will definitely go up in the next few months especially when Trump is elected. But, even if Kamal wins, I think the name of X will never be deleted and it will still be used for a long time.
They say the value of it went down, then what about the yearly income of the said social network? Did they even compute it?

Bitcoin Skeptic Jamie Dimon Praises Elon Musk’s Doge Government Plan, JPMorgan CEO endorses Tesla CEO's plan for a government efficiency commission, highlighting the need for better use of government funds.
source: https://qz.com/jamie-dimon-elon-musk-doge-federal-spending-trump-tesla-1851656899

"Dimon expressed his support for Elon Musk’s idea of forming a government efficiency commission. Dimon highlighted the potential benefits of such a commission, stressing need for more competency and accountability in government operations.
He stated that the government should be more scrutinized regarding how taxpayer money is spent and what results are achieved, a sentiment that aligns with Musk’s vision for the commission."
source: https://coingape.com/bitcoin-skeptic-jamie-dimon-praises-elon-musks-doge-government-plan

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.

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.