Crypto is interfering in the race for the 2024 White House. At the heart of the speculation, an unexpected association is causing a stir: would Elon Musk become Donald Trump's crypto advisor? A hypothesis that the billionaire is quick to deny.
The ex-president is courting the crypto vote!
It must be said that the former strongman of the White House seems determined to play the crypto card in his new campaign. After having long criticized Bitcoin and its derivatives, even calling it a “big scam”, Trump is now making a 180-degree turn.
A strategy made all the more crucial as institutional investors flock to listed index funds exposed to virtual currencies. With his aura as a builder in tech, Elon Musk would then act as an asset for the former president in this conquest of crypto-investors.
However, nothing seemed destined for the two men to one day team up on crypto. Their conflictual history, punctuated with vengeful barbs and resounding resignations, bears witness to this. But that was without taking into account the almost divine aura that Musk now enjoys within the crypto community.
A fervent believer in decentralization, the whimsical billionaire is today considered one of the paragons of the digital assets movement. His slightest comments on Twitter (now X) are now scrutinized as strong signals for the crypto market.
Musk brushes aside rumors
From his virtual fortress “I’m pretty sure I’ve never discussed crypto with Trump,” he insisted in front of his millions of subscribers.
A denial all the more biting because it directly contradicts the information revealed by the Bloomberg agency. The latter in fact affirmed that a broad advisory role, including crypto, was currently being studied for Musk within a possible new Trump administration.
This clash underlines the extent to which the crypto subject electrifies the debates at the start of the campaign. It also recalls the difficulty of understanding the positions of two personalities as divisive and versatile as Trump and Musk.
Elon Musk forcefully refutes any role as crypto advisor to Donald Trump. However, his scathing denial does not detract from the weight that digital assets inevitably have in the race for the 2024 White House. Between appeals to tech billionaires and the rallies of crypto PACs, the candidates seem determined to make this election a turning point for the adoption of virtual currencies. Whether or not he is involved, Musk's tutelary shadow will hover over this electoral soap opera with twists and turns.
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