Elon Musk Shuts Down Crypto-Trump Talks: ‘Never Discussed Bitcoin With Him’

Elon
Musk
recently
responded
to
rumors
about
conversations
with
Donald
Trump,
the
front-runner
for
the
Republican
presidential
candidacy
in
2024,
concerning
cryptocurrencies
on
X,
the
platform
formerly
known
as
Twitter.

The
potential
for
Musk
to
speak
with
Trump
at
the
next
Republican
National
Convention
was
also
covered
in
the
rumor.

Trump-Musk
Crypto
Speculations

He
stated
that
he
doesn’t
recall
ever
discussing
crypto
with
Trump,
although
he
generally
supports
initiatives
that
empower
individuals
over
government,
which
aligns
with
the
potential
of
cryptocurrency.

“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,”
Musk
posted
on
X.

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

Elon
Musk
also
clarified
that
he
won’t
financially
support
either
presidential
campaign
but
indicated
his
intention
to
host
events
discouraging
wealthy
backers
from
supporting
Joe
Biden.

Regarding
rumors
of
Musk
speaking
at
the
Republican
National
Convention
alongside
Trump,
no
official
response
has
been
provided
yet.

This

interaction
between
Musk
and
Trump
is
significant
for
the
cryptocurrency
market,
given
their
potential
to
influence
public
perception
and
regulatory
decisions
impacting
crypto’s
adoption
and
stability.

Potential
Advisory
Role
For
Elon
Musk

On
a
different
note,

The
Wall
Street
Journal
mentioned
Trump’s
contemplation
of
a
potential
advisory
role
for
Elon
Musk
should
he
win
the
upcoming
election.
Despite
their
past
tensions,
the
two
have
been
discussing
various
policy
ideas
including
immigration
and
possibly
crypto-related
matters.

These
reports
emerged
alongside
Trump’s
increasing
promotion
of
Bitcoin
and
other
digital
assets
as
part
of
his
campaign
strategy
to
connect
with
new
voter
demographics.

According
to
reports,
Trump
has
more
than
$10
million
in
cryptocurrency
assets,
and
the
MAGA
token
reached
a
record
high
of
$15.4.

BREAKING:
🇺🇸
Donald
Trump
says
“I
am
very
positive
and
open
minded
to
crypto
companies.”

“Our
country
must
be
the
leader
in
the
field.
There
is
no
second
place.”
🙌

pic.twitter.com/M0cyk8AUyi

—
Bitcoin
Magazine
(@BitcoinMagazine)

May
25,
2024

Bitcoin’s
Price
Surge

Meanwhile,
Bitcoin
has
seen
a
recent
uptick
in
its
value,
experiencing
a
0.80%
increase
in
the
last
24
hours
and
a
1.80%
rise
over
the
past
week.
This
surge
has
placed
its
current
price
at
$68,192,
with
a
substantial
trading
volume
of
$23
billion.

With
a
circulating
supply
of
20
million
BTC,
Bitcoin
holds
a
significant
market
cap
of
$1.3
trillion.
These
figures
underscore
Bitcoin’s
enduring
popularity
and
its
position
as
a
leading
cryptocurrency
in
the
market.

Trump
Guilty
Of
Bribery

Donald
Trump
has
been

convicted
on
all
34
counts
of
falsifying
business
records
in
a
criminal
hush-money
scheme
aimed
at
swaying
the
2016
election’s
outcome.
The
verdict,
reached
in
less
than
12
hours
by
the
jury,
marks
an
unprecedented
event
in
American
history
as
the
first
criminal
trial
against
a
sitting
or
former
US
president.

This
decision
poses
a
significant
political
challenge
for
Trump,
the
likely
Republican
nominee,
whose
approval
ratings
have
remained
steady
amid
the
trial
but
could
face
volatility
in
the
near
future.

Following
deliberations,
a
jury
of
12
New
Yorkers
found
Trump
guilty
of
felony
falsification
of
business
records,
a
charge
that
prohibits
the
creation
of
false
entries
in
records
with
the
intent
to
commit
another
crime.

Trump’s
sentencing
is
scheduled
for
July
11,
marking
a
pivotal
moment
in
his
political
and
legal
trajectory.

Featured
image
from
Getty
Images,
chart
from
TradingView