Bittime – Elon Musk has become increasingly vocal about his support for Donald Trump. Recently, the Wall Street Journal reported that Trump and Musk met to discuss a potential advisory role for Musk in a future Trump administration.
Musk Denies Rumors of Crypto Discussions with Trump
Following this report, Bloomberg suggested that Musk had advised Trump on crypto matters. Musk quickly denied these claims, saying, “I never discussed crypto with Trump,” and calling the reports baseless. He further explained that there was no talk of him taking a role in a potential Trump presidency.
Also read: Elon Musk is open to using Bitcoin
Despite this denial, Musk's public support for Trump has been well received within the American crypto community, given his stance in favor of decentralized crypto and libertarian economic views.
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Potential Billionaire Team for the Trump Administration?
In addition to Musk, several other American billionaires are rumored to be under consideration for roles in a possible Trump administration. Reports suggest that Jeff Yass, founder of Susquehanna International Group, may be seen as Treasury Secretary. Hedge fund manager John Paulson and Scott Bessent, founder of Key Square Group, are also potential candidates.
Also read : Dogecoin Founder Supports Elon Musk Regarding Algorithm X
Despite rejecting Vivek Ramaswamy as a vice presidential running mate, Trump may still consider the former top pro-crypto GOP candidate for a cabinet position. If Trump returns to office, he will likely be surrounded by individuals who advocate small government and low taxes, continuing the trend of his previous tenure of appointing bankers and hedge fund managers as economic advisers.
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Former Advisor Distances Himself from Trump: Good For Crypto But Long Term Questionable
Notably, some of Trump's former advisers have distanced themselves from him. Anthony Scaramucci, founder of Skybridge Capital, recently urged voters to support Biden, despite admitting that Trump may be better for crypto regulation in the short term.
He argued that a Trump presidency could create long-term chaos and uncertainty in the legal system, preferring to face regulatory challenges from figures like Elizabeth Warren and Gary Gensler.
Also read: Trump and Biden agree to first debate in June 2024!
Former PayPal CEO Criticizes Trump
Peter Thiel, former CEO of PayPal, has also withdrawn his support. In an interview with The Atlantic, Thiel expressed his disappointment with the effectiveness of Trump's presidency, saying, “It's crazier than I thought. It's more dangerous than I thought,” and criticized the Trump administration's inability to manage basic government functions.
Conclusion
As the 2024 presidential election approaches, Elon Musk's endorsement of Donald Trump and the potential involvement of other high-profile billionaires continues to generate hype. Although Musk has denied any discussions about crypto with Trump, his public support and possible role in the Trump administration remains a major point of interest, especially within the crypto community.
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How to Buy Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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