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FX.co ★ Musk and Trump disappoint crypto community

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Forex Humor:::2024-08-22T12:37:03

Musk and Trump disappoint crypto community

Last week, Elon Musk and former US President Donald Trump finally had their much-anticipated interview. They touched on several key topics, including inflation, trade, and nuclear energy. However, both parties sidestepped the issue of cryptocurrencies. This is surprising, especially since recent discussions about digital assets have been electrifying.

Yet now, the Republican and the head of Tesla and SpaceX avoided talking about cryptocurrencies. This disappointed the crypto community, which had hoped to hear the opinions of these two influential figures tied to the industry.

Adding to the drama, just before the interview aired, X (formerly Twitter), owned by Musk, suffered a massive DDoS attack. The platform was flooded with traffic as 8 million users tried to log in simultaneously to watch the interview.

During the conversation, Musk proposed the creation of a government efficiency commission and expressed his willingness to join it if Trump would support the idea. Trump agreed with Musk’s reasoning and backed the initiative.

In addition to this, key economic issues were discussed, particularly inflation. Trump criticized Joe Biden's administration, arguing that it was not effectively addressing the current economic challenges. Musk concurred, pointing to delays in the FDA's drug approval processes. He also voiced concern over global attempts to enforce censorship.

Analysts believe this interview marks a new chapter in the relationship between Musk and Trump. It is worth noting that the politician and the Tesla CEO previously discussed electric cars and the state of the cryptocurrency sector. Meanwhile, Musk’s relationship with Joe Biden’s administration remains strained due to ongoing regulatory disputes involving the SEC and challenges in the crypto industry.

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