Topic: Elon musk is for crypto or just for attention to boost Tesla, SpaceX? - page 3. (Read 8279 times)

There is no problem at all with that and what we are discussing is how one does not depend on FOMO on the level of investment maturity in the long term.
But to take advantage of profits in the short term, please just look for opportunities everywhere because our goal in engaging in investment is only to talk about profits.
Elon Musk does have a big influence on social media because many followers admire him and the public will also be influenced when he tries to make a breakthrough.
He is a businessman and whatever he does cannot be separated from efforts to reach the stage of being able to generate profits.

But it must also be remembered that a person's indicators in carrying out investments do not always have to depend on other people.
Because we also have to have our own analysis to determine investment steps and if we take advantage of existing conditions to make a profit, please do it carefully.

Yes, precisely on July 13th. My personal view is that a businessman, whether Elon or someone else, will definitely find out and know which way the wind will blow, especially when there is a big event.

and of course whatever Elon will do in the future or now, especially after the last events and we know where it will lead if it contributes to the development of digital currencies in the future.

I think it doesn't matter.

Elon Musk is an opportunist. He's only into crypto to make a lot of money. Not because he truly believes in it. Now that Musk announced his full support for President Trump, he hopes to obtain the crypto industry's attention. After all, Trump presented himself as a pro-crypto candidate.

We can only imagine Elon's companies rising all the way to glory during a second Trump term (and a bullish crypto market). Perhaps, even DOGE will benefit from this. Who cares about what Elon Musk does? Crypto doesn't need him to survive. As long as it stays decentralized, there should be nothing to worry about.

Never happen since Trump does not want to be seen by his large backers, think about what happened with FTX. Biden was never seen with Sam Bankman Fried in public. But people in his congress were, so after he was sentenced these pictures surfaced and backfired on him as President.
This is a business man and knows how influence all works and put it into his favor when wanting to spin a narrative.
It is common sense.

He is playing it all out just as these CEOs of a large corporation always do.
Just look at his latest news of moving headquarters of Tesla to Texas:

https://x.com/elon_docs/status/1813604310632264147

To be honest I doubt Elon Musk will mention much about cryptocurrency give the US Presidential Election is underway. Think about it, he is willing to commit $45m per month to an election candidate (Donald Trump). The last thing on his mind right now is pumping doge coin. Despite his jokes with doge coin though, I do believe he holds a lot of Bitcoin. He believes in the technology, but now is not the time he will be pushing it to the media.

Whether Elon is using Bitcoin to increase the sales of his company, I don't think that is our business because the whales would also use their power to make things happen. He was able to successfully influence the price of Bitcoin and other altcoins too making more investors to join the crypto market. He has quite a strong impact in the crypto market and we don't have to discriminate him even though he is using the influence to increase the sales of his company. This is strictly business and we need to understand that. Everyone is looking for opportunities to make money for themselves and anyone of us will want to take the slightest opportunity.

human physiology is always determinant.

One thing you need to accept is that bitcoin was created by Satoshi to become a P2P currency but currently bitcoin is being used by us as an investment to make profits. So many people want Elon and Trump to speak at the bitcoin conference, or many people support Trump getting elected because they want to see bitcoin get hyped and fly to the moon. What people want from bitcoin is profit and it always comes first, not as many people are interested in bitcoin use cases as you think. That's what's happening in this crypto market and we need to accept the truth, people won't care about privacy if they don't make money.

That is why Bitcoin adopters shouldn't be idolizing anyone. I saw some posts across the internet where people wished Elon Musk were invited to speak on Bitcoin Conference side by side with Trump (what is another ridiculous idea on my conception). Why do people behind this Conference need centralizing Bitcoin around some biased political figures? Bitcoin has come to balance things in favour of those who were disadvantaged regards financial world's opportunities in the past exactly because those figures exist and act the way they do.

Trump isn't concerned about Bitcoin giving more freedom to average people around the world. Elon Musk neither, it's all about profit and personal interests. If tomorrow they find out Bitcoin is uninteresting for their personal image, they are going to adopt an hostile stance towards it (once again, as it has already happened previously). So why are the common people who were benefited by Bitcoin concerned about raising the voices of Trump, Musk and such characters?

It's just ridiculous in my opinion... These people deserve being their sheep inside a centralized environment fully controlled by these landlords.

If you look at Elon Musk is one of the most smartest businessman I’ve ever seen in history. He practically knows how to take advantage of situation starting from his businesses, One thing have learnt About Elon is that equals for the knowledge after identify a problem and that is what most billionaires and millionaires are always targeting target is always the problem and then comes to solution for Elon Musk to actually make a donation of 200 million US$ into Donald Trump election there is definitely a reason for it and Trump gets into office. Definitely a favor must be returned so he is not a fool to actually donate such amount of money into election there is definitely a reason for it, both are businessman and I’m sure they must have done business together so they know the value of returning a favor.

I don’t think Elon have any intention to join politics. He as a different thing in mind me personally I don’t like politics because all politicians are the same. They will promise everyone at the end of the day they do nothing they have consign for there self and your their family. And that is why I made a statement saying that Elon has a reason for putting such amount of money into Donald Trump election and that is more being an influencer might actually have an impact trump election, lets see if Trump is good to go to become the US president one more time. Because if you ask me, I don’t really understand why Trump seriously want to become the US president again is a question that I’m still waiting to know the answer.

And this is something that you should really be that careful on which on the moment or time that you do find yourself being a fan on following these sentiments then you should really be that careful.
Why? you would really be that wary that there would really be those kind of intents with those business owners or simply with those billionaires or millionaires who do have a business. They would
really be definitely be that focusing on how they would really be making up some boost up into something on which they do know that they could really be able to make more money.

Just on example we do have on here in speaking about Elon and crypto then we cant be able to deny that this one is really that a significant figure considering that even on those tweets he do make
on which on the time that people do get some hints or clues about on what kind of coin he's been tweeting then there would really be that significant movement on which you could really be able to
tell that people or the community does really still longing about his tweets despite of those issues that he's being a manipulator.

I think Elon decided to support and donate to Trump not only because Trump supports cryptocurrency. As everyone said above, Elon is thinking about the benefits for his business or as I predicted, he also intends to participate in politics in the future. So I believe he will donate in USD and this money will also be used to advertise the election campaign, so USD will be most convenient.

Regarding Doge integration into X, I believe we will see it soon during this bull season. It's just a matter of time because if this happens it will create hype for Doge and it will be more perfect if it happens during bull season than now.

After all, he is a businessman and profits are still his top priority so don't be surprised when he focuses on profits.

Business owners do have the ability to create a buzz and Elon Musk is one of those who often creates public attention.
His goal is none other than to create attention for the company he is developing and he never cares about other impacts. I agree that a normal person would not follow him because he is a successful person and to make investment decisions it would be very stupid to just follow what he does.
Dogecoin did gain good momentum at that time, but the movement after that was a little slower.
If he leaves Dogecoin, it is certain that the price will fall because there is nothing more fundamental except his influence on the game in the public.

It makes me wonder whenever Elon Musk will be donating BTC to Trump or just plain-old Fiat (USD). Especially when Trump has given his full support towards Bitcoin and all things crypto. I doubt Elon Musk would donate DOGE.

Regarding the OP's question, I think Mr. Musk is only into crypto to gather all of the attention from mainstream investors. This will help him take his companies to another level. Not because he's seriously interested in crypto/Blockchain tech. You can see why up to this date he's been speculating about a possible integration of DOGE into X, without making it a reality. It's all words, but no action. Once market prices go to the moon, he will reap the rewards while the rest will go "rekt" in an instant. That's the way it works. Only a fool will follow Elon Musk to make a crypto investment decision. Who knows what will be of Dogecoin once Elon Musk decides to abandon it?

That's the first thing that came out of my mind too after reading @rdbase's post. He seems to be glued to that letter like there's a big meaning behind it.

This is an article way back October of 2023 and I think it's a good read about the letter "X" obsession.
https://www.independent.co.uk/tech/elon-musk-x-obsession-twitter-b2406540.html

Yeah, it can all change once he is seated and we cannot do anything about it, neither a powerful man. I am not against Trump but let's be real, they will use anything to get that seat. Sweet words will come out but it doesn't mean it should come true in the future.

This is why he is solely doing this: So to get advantageous right from people including congress in the white house.
He couldn't with the current administration since they put on restrictions on where he is allowed to operate in the country so that is why he had to move his Giga Factories overseas to China.
There were some laws put in place so to deter his operation in the state of California as this was hotly debated when Biden took office.

This amount means nothing to him since last month Tesla shareholders approved of his pay package of $56 billion:
https://www.reuters.com/business/autos-transportation/musk-says-both-tesla-shareholder-resolutions-passing-by-wide-margins-2024-06-13/#:~:text=June%2013%20(Reuters)%20%2D%20Tesla,his%20biggest%20source%20of%20wealth.
Plus donations can be written off as a business expense. Don't you wonder why corporations in the States donate so much to campaigns in the first place? They can reap the rewards two fold if smart about it.

Elon currently owns assets of more than 250 billion USD and donating 200 million USD to Mr. Trump's election campaign is not too difficult for him. Additionally, I think Elon has bigger plans in supporting Trump, not just for the benefit of his companies. With his acquisition of Twitter and his support for the Republican Party, it seems that he is preparing plans to enter politics instead of just serving his business. I wouldn't be surprised if he gets involved in politics in the coming years.

No politician is trustworthy and we should not be quick to believe what they say, but their public support for bitcoin is notable.

If he actually does it, he will do it for 3 to 4 months and it will cost him $135M to $180M for donation to Trump campaign.

If Trump win the President Election in November, Elon Musk's companies can get some advantageous benefit from Trump administration in the White House but Trump is not above laws and he will have to do administration with consensus from The Congress too.

Elon Musk reportedly plans to give $45m a month to pro-Trump Super Pac.
They forgot that Trump is very unpredictable man.

I would like to think that is exactly why Elon Musk has stated he will donate $45mln a month to the Trump campaign.
This is what they were discussing about during the Republican Convention before he made an appearance for the first time since the last one where he was shot in the ear. He had a large white bandage over his ear so they must of tried to operate on it so to recover the piece that is missing now from the bullet. Some plastic surgery must of been involved so to have it covered up while it heals.
There are now some others who are in the cryptocurrency markets who are also rallying behind him in donating to his cause for the presidential candidacy over the next four months which include the Winklevoss Twins.

Trump has always been a stubborn man, deeply rooted in his ideas and that’s just how I like it. Someone who is defiant in the face of all that is opposed to him and this might be the very reason why he succeeds in what he sets out for.

An attempt on his life at the rally only further helps his ambition although, I wouldn’t see this to be political motivated from either party but rather, from the party of the things he stands to end. Sadly, it recorded some victims, my heart to their families and the stripes of blood on Trumps chick should push him towards standing behind all that he says and the public expects of him.

---

Elon’s relevance is just as we see it. I admire his success always but, when it comes to directives on Bitcoin, well, I would like it more if he starts buying and it doesn’t affect much of my activities about Bitcoin.