Musk said that if Trump loses the election in 2024, he will be finished, and in that case Dogecoin will also collapse immediately. At least when the election results are announced, the market will react.

Of course, if Trump wins the election, Dogecoin will immediately respond to the market with a surge, and Bitcoin will also accelerate to $100,000.

On October 7th local time, American host Carlson released a video of his interview with Musk.

Musk said that if Trump loses the 2024 US election, he will be finished. When the host asked, "What will happen if Trump loses the election?" Musk smiled and replied while drinking water, "Then I will be finished.

Musk then continued with a laugh: "How long do you think my sentence will be? I don't know if I'll ever see my kids again.

Last Saturday (October 5), at a campaign rally in Butler, Pennsylvania, Musk walked onto the podium wearing a black "Make America Great Again" baseball cap, shook hands and hugged Trump, and called on people to vote for Trump.

This is the first time Musk has appeared at a Trump campaign event since he announced his support for Trump in July.

Musk's bold stance on the election makes the 2024 election exciting!

Why do Silicon Valley elites like Musk support Trump so openly?

A person's political stance depends first on his or her class affiliation and second on his or her group affiliation.

Both political parties in the United States serve the interests of the bourgeoisie, so the main contradiction is the contradiction between financial monopoly capital and industrial monopoly capital within the bourgeoisie.

In the great changes that have not been seen in a century, industrial monopoly capital is more inclined to live a good life behind closed doors and revitalize the American manufacturing industry.

Financial monopoly capital prefers to act as an offshore balancer around the world to obtain excess returns. The Republican Party and the Democratic Party are the spokespersons for the two major types of capital respectively.

Musk is a typical representative of industrial capital, and it is very normal for him to support the Republican Party. He even leaned towards the Democratic Party because of his personal values. But people directly tricked his son into undergoing gender reassignment surgery and severed the father-daughter relationship. So why should he give face to the Democratic Party? Just donate money to support Trump.

What will Trump's victory mean for Bitcoin?

If Trump wins the November election, Bitcoin’s price will break through the psychological barrier of $100,000 in the fourth quarter.

On the contrary, if Democratic candidate Harris wins, the market value of cryptocurrencies may decline sharply, falling below $50,000 in the short term, or even bottoming out below $50,000. This difference in short-term expectations indicates that market activity and volatility will increase, but the long-term bullish trend is to remain above $100,000.

In his past policy speeches, Trump has continued to emphasize the need to make the United States the world's center for cryptocurrency, and even proposed using Bitcoin as a national strategic reserve. His support for virtual currencies such as Bitcoin has undoubtedly injected great confidence into the market.

In contrast, Harris barely mentioned cryptocurrencies in her speech, reflecting the different positions of different parties on the future direction of financial technology.

There is less than a month left until the general election on November 5, and the election market may come earlier than expected. During this period, large funds will often choose to seek safety due to uncertainty about the election results.

After entering the National Day holiday, the market reacted in advance. Bitcoin fell from a low of 66,000 to 60,000. If Musk had not campaigned for Trump on the spot, causing Trump's winning rate on polymarket to surpass Harris, the risk aversion sentiment of large funds might have been higher, and more funds would have been withdrawn from the currency market.

Currently, Trump is leading by a large margin of 53:46, which is actually a hedge against everyone's concerns about the market, so the market performance is sideways above 60,000. If it were not for Musk's assistance, Bitcoin might be below 60,000.

Once the news that Trump wins the election is confirmed, it will mean that all uncertainties have been eliminated.

Big funds will quickly rush to buy, and Bitcoin will quickly break through the previous high of 73,000 and then reach 100,000 US dollars.

However, these are not the most important things. The most important thing is, what should we do?

My advice is that if you view your BTC position as a long-term investment, a market decline should be viewed as a gift as it provides more opportunities for cheap chips.