Elon musk is for crypto or just for attention to boost Tesla, SpaceX?

[kotajikikox]

Elon Musk was sitting front row when President Trump signed the executive order for a Strategic Bitcoin Reserve 👀


source:
https://x.com/BitcoinMagazine/status/1898030624557891736?t=m3RSIsIJZCAAbTo2hyDixg&s=19

Well this is to be expected. It would be weird if Elon was not involved heavily in such a decision that I am sure he pushed for a lot even back then. People would be dramatic and start speculations about just how much influence Elon has over Trump and whether their relationship is stronger than ever.

With this said, I am surprised about doge not making the cut. Did Elon never proposed doge or did Trump really just did not see the benefits of doge? Either way I am happy where bitcoin ended up becoming in the context of the us govt.

[rdbase]

Both Elon and Trump were heavy into crypto starting last Friday with the Crypto Summit happening:
https://www.reuters.com/technology/crypto-leaders-meet-trumps-summit-strategic-reserve-focus-2025-03-07

Many other cryptocurrencies were included into this reserve it seems:
https://www.forbes.com/sites/digital-assets/2025/03/09/maximize-the-value-trumps-price-plan-for-bitcoin-xrp-eth-sol-and-ada-revealed

But it does seem all these signing of Strategic Bitcoin Reserve's and Crypto Summits did nothing for the price.
It is now hovering just above $80k with many saying a few weeks ago that if it broke resistance of $85k it will go straight to $70k and below within the next couple of days to this dump of the price.

Having over 200 in ripple noticed it's value decreased by 11% over night since the reserve being signed by Trump.

[aegura]

lol... I would rather invest in some other defi platform to get myself some passive income

[rohang]

TSLA shares are plummeting and today i saw an interview where elon is basically holding back tears , saying that he is having 'difficulties' running his businesses

https://www.cnbc.com/2025/03/10/musk-tesla-doge-stock-market.html


Also after the cyber attack on X, he pointed fingers towards ukraine 

https://www.ndtv.com/world-news/elon-musk-ukraine-donald-trump-after-massive-cyberattack-hits-x-elon-musk-claims-a-ukraine-link-7896881

[rdbase]

@rohang
There was this interview broadcasted yesterday showing Musk laughing and not crying at what was happening at Tesla and their stock price:

Elon Musk exposes why Democrats don’t want ‘waste and fraud’ to be turned off
https://www.youtube.com/watch?v=T6DiMIJIvYw

Even at the Big Money show of the same network had him not even worried about what was happening over at Tesla although they had a recent drive-by shooting at one of their dealerships in New York from those who are protesting against the electric car maker and it's owner of the X platform:

Elon Musk alleges Democrat group is behind Tesla protests
https://www.youtube.com/watch?v=IXFR3b5ecSY

All this going on and he is still able to co-ordinate things for the government at D.O.G.E

Well Trump was seen with Elon testing out a Tesla infront of the White House building yesterday in Washington D.C:

https://www.nbcnews.com/tech/elon-musk/trump-musk-tesla-white-house-showroom-buys-car-rcna195905

As for the bitcoin strategic reserve, them announcing they will purchase one million BTC should send it to the moon once it does actually happen:

https://x.com/Ashcryptoreal/status/1899503922466767107

[coupable]

As for the bitcoin strategic reserve, them announcing they will purchase one million BTC should send it to the moon once it does actually happen:
https://x.com/Ashcryptoreal/status/1899503922466767107

The talk of a million bitcoins is a new milestone in the path toward greater recognition and widespread adoption of Bitcoin. However, this remains unrealistic unless revealing the funding sources for the purchases, which are expected to occur over the next five years (the duration of Trump's presidential term), are identified and without a clear strategy for establishing this reserve. Just as when Trump spoke of a diversified crypto reserve portfolio that includes more than just Bitcoin, and actually mentioned several cryptocurrencies, only to later agree on Bitcoin alone as a reserve, Donald Trump does not hesitate to fuel his popularity with unrealistic and therefore irresponsible statements.

[FortuneFollower]

As for the bitcoin strategic reserve, them announcing they will purchase one million BTC should send it to the moon once it does actually happen:
https://x.com/Ashcryptoreal/status/1899503922466767107

The talk of a million bitcoins is a new milestone in the path toward greater recognition and widespread adoption of Bitcoin. However, this remains unrealistic unless revealing the funding sources for the purchases, which are expected to occur over the next five years (the duration of Trump's presidential term), are identified and without a clear strategy for establishing this reserve. Just as when Trump spoke of a diversified crypto reserve portfolio that includes more than just Bitcoin, and actually mentioned several cryptocurrencies, only to later agree on Bitcoin alone as a reserve, Donald Trump does not hesitate to fuel his popularity with unrealistic and therefore irresponsible statements.

Big talk, less action, that's how it always was with such statements.
We need much more time to see the results from all of it.

[coupable]

As for the bitcoin strategic reserve, them announcing they will purchase one million BTC should send it to the moon once it does actually happen:
https://x.com/Ashcryptoreal/status/1899503922466767107

The talk of a million bitcoins is a new milestone in the path toward greater recognition and widespread adoption of Bitcoin. However, this remains unrealistic unless revealing the funding sources for the purchases, which are expected to occur over the next five years (the duration of Trump's presidential term), are identified and without a clear strategy for establishing this reserve. Just as when Trump spoke of a diversified crypto reserve portfolio that includes more than just Bitcoin, and actually mentioned several cryptocurrencies, only to later agree on Bitcoin alone as a reserve, Donald Trump does not hesitate to fuel his popularity with unrealistic and therefore irresponsible statements.

Big talk, less action, that's how it always was with such statements.
We need much more time to see the results from all of it.

The problem is that Trump isn't the kind of politician who would be ashamed of his mistakes. Quite the opposite: he doesn't hesitate to bully his opponents, both at home and abroad, using racist slurs and derogatory innuendos. At the same time, he woos his followers with grandiose promises and executive orders that lack legal basis or any specific political consensus. Despite all this, I don't consider Amp crazy or naive. Everything he does is well thought out and has benefits, but they don't necessarily have to be in everyone's sight.

[rohang]

As for the bitcoin strategic reserve, them announcing they will purchase one million BTC should send it to the moon once it does actually happen:
https://x.com/Ashcryptoreal/status/1899503922466767107

The talk of a million bitcoins is a new milestone in the path toward greater recognition and widespread adoption of Bitcoin. However, this remains unrealistic unless revealing the funding sources for the purchases, which are expected to occur over the next five years (the duration of Trump's presidential term), are identified and without a clear strategy for establishing this reserve. Just as when Trump spoke of a diversified crypto reserve portfolio that includes more than just Bitcoin, and actually mentioned several cryptocurrencies, only to later agree on Bitcoin alone as a reserve, Donald Trump does not hesitate to fuel his popularity with unrealistic and therefore irresponsible statements.

Big talk, less action, that's how it always was with such statements.
We need much more time to see the results from all of it.

Indeed, even after news of elon/trump creating a bitcoin reserve the btc price has not really recovered

Yes the stock market is down especially Tesla, but i was expecting btc to recover from that news alone and lead to other coins recovery as well

[OgNasty]

I think Elon is “for crypto” but he’s not going to waste his time developing it. He’s given his opinion that small blocks make Bitcoin not very useful but still he has done his part by acquiring some for himself personally and for his companies. What more do you want from the guy. He has more important things to spend his energy on.

[rdbase]

I think Elon is “for crypto” but he’s not going to waste his time developing it. He’s given his opinion that small blocks make Bitcoin not very useful but still he has done his part by acquiring some for himself personally and for his companies. What more do you want from the guy. He has more important things to spend his energy on.

Atleast we can all agree that he is not against cryptocurrencies in any sort of way and even had promoted it during that skit on SNL that began this thread in the first place - refer to the OP.

True he will not waste any of his energy or even more important to him - his time available in any given day - allotted to creating and developing a cryptocurrency either.

That is what the discussion is about: Which one will he choose for his own platform's payment system - X ?

Since ripple has been badgered by the SEC for years they are just about ready for a settlement so to end it:
https://asktom.cf/index.php?topic=5415795.msg65164717#msg65164717

I can see his X taking the only cryptocurrency that looks like the wisest choice XRP.

[leonair]

Watching the lately spot about Musk appearing on live tv this weekend for showing what all the hype is about and if he will actually have a mention of his favorite cryptocurrency doge, it seems the media are jumping all over this appearance.
https://www.youtube.com/watch?v=nWWzszskgmA
What are your thoughts about this North American appearance and what do you think he will do or say about doge or even bitcoin?
I think since Miley Cyrus is the musical guest he will have her dress up as a dog and call her doge.
She likes cats and had dressed up as them on stage during her concerts, so you never know what these two crazy people will do on this episode.

Elon Musk is a meme lover who constantly posts various memes on his profile. And this has been seen in crypto as well. He is more excited about doge coin so it can be said that he cares less about bitcoin. No one supports Bitcoin as much as it supports Doge Coin. He is a creative guy and he always invests more where he can get more money faster. And because of his face value, he can be an influencer of his products in various ways. This is seen in all cases. Whatever he does, he's very serious about Tesla and SpaceX, so those are the most important things to him

[rdbase]

Watching the lately spot about Musk appearing on live tv this weekend for showing what all the hype is about and if he will actually have a mention of his favorite cryptocurrency doge, it seems the media are jumping all over this appearance.
https://www.youtube.com/watch?v=nWWzszskgmA
What are your thoughts about this North American appearance and what do you think he will do or say about doge or even bitcoin?
I think since Miley Cyrus is the musical guest he will have her dress up as a dog and call her doge.
She likes cats and had dressed up as them on stage during her concerts, so you never know what these two crazy people will do on this episode.

Elon Musk is a meme lover who constantly posts various memes on his profile. And this has been seen in crypto as well. He is more excited about doge coin so it can be said that he cares less about bitcoin. No one supports Bitcoin as much as it supports Doge Coin. He is a creative guy and he always invests more where he can get more money faster. And because of his face value, he can be an influencer of his products in various ways. This is seen in all cases. Whatever he does, he's very serious about Tesla and SpaceX, so those are the most important things to him

Can't see him allowing memecoin like a dogecoin be the payment cryptocurrency for his entire platform of X.
There is no reason for him to do that. Whatever he tries to show support for is purely to benefit him obviously and since he did not create this coin he will not allow it to takeover his potential X-Payment system. To put it simply.

There was some talk about this earlier in the week where he wants to put a bill into U.S congress to support a stablecoin:

https://www.marketwatch.com/story/an-elon-musk-stablecoin-democrats-warn-of-a-big-tech-crypto-takeover-c2a9d5f7

[fikrett]

The problem is that Trump isn't the kind of politician who would be ashamed of his mistakes. Quite the opposite: he doesn't hesitate to bully his opponents, both at home and abroad, using racist slurs and derogatory innuendos. At the same time, he woos his followers with grandiose promises and executive orders that lack legal basis or any specific political consensus. Despite all this, I don't consider Amp crazy or naive. Everything he does is well thought out and has benefits, but they don't necessarily have to be in everyone's sight.

He is a businessman, and only then - a politician.

[coupable]

The problem is that Trump isn't the kind of politician who would be ashamed of his mistakes. Quite the opposite: he doesn't hesitate to bully his opponents, both at home and abroad, using racist slurs and derogatory innuendos. At the same time, he woos his followers with grandiose promises and executive orders that lack legal basis or any specific political consensus. Despite all this, I don't consider Amp crazy or naive. Everything he does is well thought out and has benefits, but they don't necessarily have to be in everyone's sight.

He is a businessman, and only then - a politician.

This may explain Trump's actions to us as a public, but it is by no means a justification for his constant lying to maintain his popularity. There are always lies in campaign promises that may not be fulfilled later, but when he is in power, all his words and actions must be precise and calculated because he has the power to make decisions. This means there is no need to make more promises because they can be implemented immediately. Unfortunately, there are those who believe Trump's promises every time, even though the previous ones were not fulfilled.

[fikrett]

This may explain Trump's actions to us as a public, but it is by no means a justification for his constant lying to maintain his popularity. There are always lies in campaign promises that may not be fulfilled later, but when he is in power, all his words and actions must be precise and calculated because he has the power to make decisions. This means there is no need to make more promises because they can be implemented immediately. Unfortunately, there are those who believe Trump's promises every time, even though the previous ones were not fulfilled.

Yep, promises made by anyone high enough can be divided in two, or even more.

His words may be bullish, but his ideas overall - not so much. But it was awaited from the wild card like him.

[o48o]

As for the bitcoin strategic reserve, them announcing they will purchase one million BTC should send it to the moon once it does actually happen:

Ok, what does "No taxpayer money used" mean? Are they using their private funds and privatizing the whole reserve?
If they are talking about privatizing the dollar as well, it would fit on their plan.

I am not sure how much people are aware that without taxation there are no countries. Without taxpayers there's no money for infra. It's just companies running things, and people will turn to their customers and workers no matter if they want that or not.

Selling Teslas in the front of white house is just underlining where they are going.

Privatization of public infra is really bad for the people by the way. We privatized the power transfer grids here and right after that we got screwed. Now even person living alone needs to pay monthly fees extra even if they don't use any electricity.

[rdbase]

The problem is that Trump isn't the kind of politician who would be ashamed of his mistakes. Quite the opposite: he doesn't hesitate to bully his opponents, both at home and abroad, using racist slurs and derogatory innuendos. At the same time, he woos his followers with grandiose promises and executive orders that lack legal basis or any specific political consensus. Despite all this, I don't consider Amp crazy or naive. Everything he does is well thought out and has benefits, but they don't necessarily have to be in everyone's sight.

He is a businessman, and only then - a politician.

This may explain Trump's actions to us as a public, but it is by no means a justification for his constant lying to maintain his popularity. There are always lies in campaign promises that may not be fulfilled later, but when he is in power, all his words and actions must be precise and calculated because he has the power to make decisions. This means there is no need to make more promises because they can be implemented immediately. Unfortunately, there are those who believe Trump's promises every time, even though the previous ones were not fulfilled.

In the UK and even in his home country of the US there have been protests in the last few weeks against his company Tesla. I believe in London they had vandalized one of the Optimus robots in one of the Tesla stores pouring paint all over the machine standing on display.
There has been some major backlash from a group of individuals who are against what Elon Musk represents and stands for whether that be as a businessman or as a political spokesperson.

Ok, what does "No taxpayer money used" mean? Are they using their private funds and privatizing the whole reserve?
If they are talking about privatizing the dollar as well, it would fit on their plan.

I am not sure how much people are aware that without taxation there are no countries. Without taxpayers there's no money for infra. It's just companies running things, and people will turn to their customers and workers no matter if they want that or not.

Selling Teslas in the front of white house is just underlining where they are going.

Privatization of public infra is really bad for the people by the way. We privatized the power transfer grids here and right after that we got screwed. Now even person living alone needs to pay monthly fees extra even if they don't use any electricity.

Possibly from the selling of assets. That point has not been made so clear when they put forth this incentive to the public. Probably a bargaining chip in the future, who really knows expect for them.

They did mention about abolishing the income tax.
How they do this who in the heck knows once again. It is all a point of strategy in their political playbook.

[wavessurfing]

The problem is that Trump isn't the kind of politician who would be ashamed of his mistakes. Quite the opposite: he doesn't hesitate to bully his opponents, both at home and abroad, using racist slurs and derogatory innuendos. At the same time, he woos his followers with grandiose promises and executive orders that lack legal basis or any specific political consensus. Despite all this, I don't consider Amp crazy or naive. Everything he does is well thought out and has benefits, but they don't necessarily have to be in everyone's sight.

He is a businessman, and only then - a politician.

This may explain Trump's actions to us as a public, but it is by no means a justification for his constant lying to maintain his popularity. There are always lies in campaign promises that may not be fulfilled later, but when he is in power, all his words and actions must be precise and calculated because he has the power to make decisions. This means there is no need to make more promises because they can be implemented immediately. Unfortunately, there are those who believe Trump's promises every time, even though the previous ones were not fulfilled.

In the UK and even in his home country of the US there have been protests in the last few weeks against his company Tesla. I believe in London they had vandalized one of the Optimus robots in one of the Tesla stores pouring paint all over the machine standing on display.
There has been some major backlash from a group of individuals who are against what Elon Musk represents and stands for whether that be as a businessman or as a political spokesperson.

Ok, what does "No taxpayer money used" mean? Are they using their private funds and privatizing the whole reserve?
If they are talking about privatizing the dollar as well, it would fit on their plan.

I am not sure how much people are aware that without taxation there are no countries. Without taxpayers there's no money for infra. It's just companies running things, and people will turn to their customers and workers no matter if they want that or not.

Selling Teslas in the front of white house is just underlining where they are going.

Privatization of public infra is really bad for the people by the way. We privatized the power transfer grids here and right after that we got screwed. Now even person living alone needs to pay monthly fees extra even if they don't use any electricity.

Possibly from the selling of assets. That point has not been made so clear when they put forth this incentive to the public. Probably a bargaining chip in the future, who really knows expect for them.

They did mention about abolishing the income tax.
How they do this who in the heck knows once again. It is all a point of strategy in their political playbook.

conversely they have been very clear (recent paper in zerohedge.com)

if they succeed in reducing deficit by diminishing expenses (1, 2 trillions ?)  and with the appearance of  external resources (on trade imports), so they will able to stimulate medium class by abolishing income tax up to 150,000 usd per year.

Think that in the past when there were frontiers,  external resources represented up to 50 % of resources.
Now the citizens pay 100 percent of expenses.

[IQ.cash]

Elon Musk revealed the U.S. government has "14 magic money computers" that make "money out of thin air."

This is why we Bitcoin.

source
https://x.com/BitcoinMagazine/status/1901670200832847875?t=CoOrJ9JZfSet9j6OW9x43g&s=19