As The Block reported earlier today, Tesla CEO Elon Musk was interviewed on Sunday for an episode of the X Takeover podcast, hosted by the Tesla Owners Silicon Valley.
During the hour-long conversation, Musk clarified his position on promoting cryptocurrencies. He emphasized that any apparent promotion should be taken lightly and with humor, stating, “I’m not going to be promoting crypto — at most, in a joking way. If you see me pumping crypto, it’s not me.” He acknowledged the potential value in Bitcoin and other digital currencies but admitted having a particular fondness for Dogecoin. “I’ve sort of got a soft spot for Dogecoin because I like dogs and memes,” he explained.
On May 30, Musk denied having any discussions about cryptocurrency with Donald Trump, the Republican presidential candidate.
Pretty sure I’ve never discussed crypto with Trump, although I am generally in favor of things that shift power from government to the people, which crypto can do
— Elon Musk (@elonmusk) May 30, 2024
The Block’s report also mentioned that during the podcast, Musk highlighted the need for quicker generation of community notes on X to counteract posts and videos taken out of context. He cautioned listeners to verify any crypto-related statements attributed to him on social media, warning, “double-check if that is real.”
On Saturday, former U.S. President Donald Trump gave a highly-anticipated speech at the Bitcoin 2024 conference in Nashville, United States.
These were the main highlights:
He says there’s never been anything like Bitcoin.
He says Bitcoin is not just a marvel of technology but a miracle of cooperation and human achievement.
He claims that Bitcoin will one day probably surpass the market cap of gold.
He intends every bitcoin to be mined in the U.S., thereby making the U.S. the Bitcoin superpower of the world.
He defends the right to self custody of cryptoassets.
He pledges to fire the current U.S. SEC Chair, Gary Gensler, on day one of his presidency (assuming of course he wins the U.S. presidential election in November 2024) and appoint a new SEC Chair.
He promises that future crypto regulations will come from people who want the crypto industry to thrive.
He wants to create a regulatory framework for dollar-backed stablecoins, thereby making the US dollar even stronger.
He says that Bitcoin is not threatening the dollar, but the behaviour of the current US government is threatening the dollar.
He says crypto will skyrocket.
He says the U.S. government is one of the largest holders of Bitcoin.
He promises to hold 100% of all the bitcoins the U.S. government currently has and any that it obtains in the future.
