Rumors about Elon Musk's alleged purchase of CNN are shaking up the market: what would be the impact on cryptocurrencies?
In recent days, rumors have been circulating that Elon Musk, the billionaire CEO of Tesla, SpaceX and owner of X (formerly Twitter), is in negotiations to acquire CNN. Although nothing has been officially confirmed, the mere possibility of Musk taking control of one of the largest news networks in the world is already generating reactions on social media and in the markets, especially among cryptocurrency investors.
Musk is famous for his relationship with the crypto market, mainly for his support of Dogecoin. In the past, his posts on X and public statements have been able to directly influence the prices of digital assets, increasing the value of Dogecoin and even impacting the price of Bitcoin on some occasions. This ability to move the market is so well-known that many investors closely follow the businessman's every word.
If Musk’s acquisition of CNN does indeed happen, it could transform the way crypto-related news is reported, giving him a platform with a global audience to potentially promote his ideas and beliefs about the future of finance. This new position could also facilitate crypto’s entry into the mainstream, given Musk’s track record of driving innovation and change in established industries.
