Musk said that if Trump loses the 2024 US election, his own situation will be very bad, and Dogecoin will also plummet at the moment the election results are announced. On the contrary, if Trump wins the election, Dogecoin will soar, and Bitcoin is also expected to accelerate to $100,000. This view was mentioned in a video interview with Musk released by American host Carlson on October 7 local time.

In the interview, when the host asked about the possible consequences of Trump's defeat, Musk smiled and answered while drinking water: "Then I'm done. How long do you think my sentence will be? I don't know if I can still see my children."

In addition, last Saturday (October 5), Musk wore a black "Make America Great Again" baseball cap at a campaign rally in Butler, Pennsylvania, USA, shook hands with Trump, hugged, and called on people to vote for Trump. This is the first time he has appeared publicly in Trump's campaign since he announced his support for Trump in July this year.

Musk's clear statement on his position on the election makes the 2024 election more eye-catching. People can't help but wonder why Silicon Valley elites like Musk support Trump so high-profile.