Dogecoin co-founder Billy Marcus expressed his views on Elon Musk and defended the Tesla CEO against manipulated narratives in the media. Marcus, known by his online alias “Shibetoshi Nakamoto,” posted a series of tweets in which he said Musk is one of the most transparent public figures.
Shibetoshi further said that the media rotation is shaping many people’s opinions of Elon Musk. As a result, Marcus argues, people with hidden agendas are distorting the narrative that “Elon Musk is to blame.” These comments come as Dogecoin fans continue to engage politically in support of Donald Trump ahead of the 2024 US presidential election.
Elon Musk continues to support Trump as Dogecoin creator defends him
Dogecoin co-founder Billy Marcus said in a post on X that the media is distorting the public perception of Elon Musk. Marcus suggested that Elon’s transparency is exploited by those who control media discourse, and Elon is often misrepresented.
In response to the DOGE co-founder, the Tesla CEO replied, “Well, I try to be as literal as possible.” But Billy Marcus made his point by replying:
“You’re an easy target for spin machines because you’re just giving them a lot of content to work with, but it feels very lazy and mundane to them.”
Musk will continue to receive increased media attention as he becomes more involved in Donald Trump’s campaign. Musk is reportedly scheduled to host two town halls this week. America PAC, founded by the CEO of SpaceX, reported that the first round will take place by phone on October 25, 2024, and the second in person on October 26, 2024 in Lancaster, Pennsylvania.
Announcement: Elon Musk and two new city halls are being built tomorrow and Saturday at 7pm ET
Sign up and learn more here: https://t.co/15Kx9YwzSL pic.twitter.com/dVWvKCklJ4
— America (@america) October 24, 2024
It is still likely that Musk will discuss cryptocurrencies such as Dogecoin and XRP during these events. At a recent rally, Musk mentioned XRP, stressing that cryptocurrencies inherently promote individual freedom.
Tesla’s Bitcoin holdings remain intact
In addition to political involvement, Elon Musk’s company Tesla has confirmed that its Bitcoin holdings amounting to 11,509 BTC, worth approximately $765 million, remain intact. After a series of speculations about wallet transfers, Tesla revealed that these are security-related wallet rotations. The company’s Q3 2024 financial report also highlighted strong growth with no sales of Bitcoin reserves.
Meanwhile, the Justice Department warned Mr. Musk’s America PAC of a controversial petition campaign that promised $1 million in daily bounties to encourage voter registration. The effort has drawn intense scrutiny, with critics questioning the legality of such tactics.
Despite support from Dogecoin co-founder Billy Marcus, Elon Musk has faced criticism and figures like Mark Cuban have criticized him for taking over Donald Trump’s campaign. Suggests. Mr. Cuban also expressed concern about the legality of Mr. Musk’s $1 million donation to support Mr. Trump’s campaign.
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Ronnie Mugendi
Ronnie Mugendi is a veteran crypto journalist with 4 years of professional experience and has contributed significantly to various media outlets regarding cryptocurrency trends and technology. With over 4,000 articles published in various media outlets, we aim to inform, educate and introduce more people to the world of blockchain and DeFi. Outside of his journalism career, Ronnie enjoys the thrill of riding his bike and exploring new roads and landscapes.
Disclaimer: The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
