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SEC vs. Elon Musk: A 48-Hour Ultimatum

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  • SEC demands Musk settle charges within 48 hours or face legal action.
  • Musk’s lawyer accuses the regulator of a politically motivated harassment campaign.
  • Neuralink investigation reopened amid intensifying SEC scrutiny.

In an significant developement, SEC sent a settlement notice to Elon Musk demanding compliance within 48 hours. This comes as the regulator reopened an investigation into Musk’s brain-chip startup Neuralink. In response, Neuralink Musk’s lawyer Alex Spiro calls it harassment, further intensifying the clash.

The clash between billionaire Elon Musk and the U.S. Securities and Exchange Commission has took a new turn when the regulator watchdog issued a settlement demand requiring Musk to pay a monetary penalty within 48 hours or face numerous charges. The demand comes amidst the SEC’s renewed probe into Musk’s neurotechnology company, Neuralink.

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SEC vs. Elon Musk: A 48-Hour Ultimatum 2

In response, Musk’s lawyer, Alex Spiro, has called this a politically motivated campaign of harassment, citing years of the agency actions against Musk.

This demand follows a multi-year investigation and more than six years of harassment of Mr. Musk by the Commission and its staff… We demand to know who directed these actions – whether it was you or the White House. These tactics and misguided scheme will not intimidate us. We reserve all rights.

Addressing to SEC Chair Gary Gensler, Spiro in his letter, describes the demand as an “improperly motivated tactic.” Musk’s legal team further alleges that the regulator’s recent actions stem from directives by higher authorities and questions whether the White House was involved. The Wall Street regulator has also reopened an investigation into Neuralink, Musk’s neurotechnology venture, adding another layer to the ongoing feud.

Elon Musk Accuses SEC of Harassment Amid New Neuralink Probe

Musk, known for his blunt responses, reacted by questioning Gensler, “How could you do this to me?” His reaction highlights his frustration with what he believes as the SEC’s relentless pursuit.

The regulator’s focus on Musk has spanned years, covering issues from stock disclosures to his business activities. This latest conflict intensifies tensions, as Musk’s legal team vows to resist the agency’s actions. Spiro categorically refused the latter’s demand for testimony and declared that such tactics would not intimidate Musk or his associates.

With this week’s developments, the Musk-SEC battle showcases the broader friction between tech billionaires and regulatory bodies.

Dogecoin Soars To 3-Year Peak Amid Elon Musk’s X Payment Integration Buzz

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  • Dogecoin hits 3-year high at $0.48, fueled by speculation around Elon Musk’s X platform and potential ‘X Payments.
  • Analysts predict Dogecoin’s price could reach $1 by Q1 2025, with long-term Fibonacci targets between $2.90 and $3.60.
  • Investors eye Dogecoin as trading volume hits $15.4B in one day, cementing its role in Musk’s evolving digital ecosystem.

Dogecoin (DOGE) has hit a three-year high of $0.48 on November 23rd with a 20% gain in the past week and a staggering 219% gain in the last month. This fast adoption has made DOGE be the third most traded cryptocurrency with a trading volume of $15.40 billion in one day. The increase has attracted the interest of investors and analysts, with many suspecting that the increase is directly linked to events around Elon Musk’s social media platform X.

The most recent increase in price can be mainly attributed to the rumors regarding the new social media platform of Elon Musk, the X platform. This new symbol which is unique to X’s tipping feature has given rise to a lot of speculations that “X Payments” is on the way. This has seen many people think that DOGE could be at the center of this new payment system, a notion that has created a lot of interest among investors.

Dogecoin’s Growth Predictions

Based on technical analysis, analysts are bullish on Dogecoin and they have reason to be as shown by specific price levels and patterns. Javon Marks, an analyst, pointed out that the price of $0.43 was a critical break out point. In his assessment, backed by the Relative Strength Index (RSI) and the 50-day Exponential Moving Average (EMA), Dogecoin is expected to rise further. Dogecoin might be expected to continue growing. The price of the token will be between $0.65 and $1.25, depending on market conditions.

Another chart pattern analyst Tardigrade is also optimistic. He expounded on the creation of a “high-tight flag”, which is a very special and extremely bullish and a rather rare pattern that usually precedes a strong upward move in the price. Tardigrade has robustly claimed that Dogecoin is poised to hit $1 and said that the crypto will only go up from there.

Key Resistance and Growth Levels

At the time of writing, the price of Dogecoin is $0.4344, and within the last 24 hours, the currency has decreased by 3.34%. If DOGE manages to break the $0.73 barrier, it could go as high as $1 by the end of Q1 2025. In addition, on the cryptocurrency’s monthly chart, Fibonacci highlights long-term targets at $2.90 and $3.60, which is good news for investors.

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Source: TradingView

This spike occurs at the same time as there is increased rumor that Dogecoin may be included in Musk’s digital portfolio. Elon Musk is a big advocate of the cryptocurrency, and many investors view DOGE as a significant part of the future of developments with X and its potential payment systems.

With Dogecoin still rising, the future looks more and more promising for this currency. Many people are watching its next steps and believe that this might just be the start of another big bull run for the meme cryptocurrency. Given the current interest and the trading volume, there seems to be no stopping to how high Dogecoin can possibly go.

Elon Musk Wins Legal Battle Against SEC Over $44B X Acquisition Deal

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  • Elon Musk defeats SEC’s attempt to fine him over missed meeting in $44B X acquisition deal.”
  • Musk wins legal victory, secures no penalties for skipping SEC meeting amid SpaceX rocket launch.
  • SEC’s failed lawsuit over Dogecoin manipulation adds to Musk’s string of recent legal triumphs.

Tesla CEO Elon Musk has been able to defeat a critical decision by the U.S. Securities and Exchange Commission (SEC) in the ongoing legal struggle. The SEC has been denied by a court to fine Musk for failing to attend a meeting with the agency’s lawyers over his $44 billion purchase of the social media platform X.

The case started in December 2023 when Elon Musk failed to attend a meeting with the SEC lawyers preferring to watch the SpaceX rocket launch. The SEC asked for penalties based on Musk’s absence at the meeting that was set to be a part of a court order made in May 2023. However, in this case, U.S. District Judge Jacqueline Scott Corley decided that Elon Musk should not be penalized as he had already coughed out the money for flights of the three SEC lawyers who were to meet with him.

Elon Musk Meets Court Requirements

According to Judge Corley, Elon Musk has complied with the previous court order in some other ways such as meeting with the SEC officials in October and even testifying about the acquisition of X. The judge denied the notion of a penalty saying that Musk had done enough to meet the conditions set by the court.

Elon Musk, responded to the ruling through his social media posting a sarcastic message about the SEC. He stated, “SEC. The middle word is definitely “Elon’s”, but I can never remember what the other two words stand for.”

This is the latest in a series of legal triumphs for Musk, who also recently had a lawsuit that accused him of manipulating the Dogecoin price withdrawn. Musk who were accused by the investors that filed the case against them, saw the investors backing out of the appeal, a win for Musk in a week of multiple wins.

Criticism of SEC Spending

Musk’s influence on government has also been increasing due to his appointment as the co-chair of the soon to be formed Department of Government Efficiency (DOGE). In this role, Musk will manage federal entities such as the SEC and manage funds coming from taxpayers that could lead to another lawsuit with the SEC.

The move has come under criticism from some quarters and this includes Ripple’s Chief Legal Officer Stuart Alderoty who has challenged Musk to look into the spending habits of the SEC. Alderoty noted that the Commission is spending taxpayers’ money on unmerited enforcement actions and thereby adding more heat to the ongoing legal and political war between Musk and the SEC. 

As Musk and Tesla keep on growing their dominance in the business world and government relations his relations with the SEC are not over yet. His legal victories and his role in the government paved the way to future disputes and many expected another conflict between Musk and the regulatory body.

Apple Leader Tim Cook Reveals Personal Crypto Holdings For 3 years To Diversify Portfolio

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Key Insights:

  • Tim Cook embraces cryptocurrency personally, boosting confidence among tech and crypto communities.
  • Despite personal investment, Apple maintains a strategic distance from crypto integration.
  • Cook’s crypto endorsement influences market sentiment while keeping Apple’s policies unchanged.

Apple CEO, Tim Cook, told DealBook’s Sorkin that he had been holding cryptocurrency for about three years. In an online interview, the CEO clarified that his interest in cryptocurrency was personal and that his company had no current interests in digital assets.

Apple’s Tim Cook Reveals Personal Crypto Investment

Apple’s Chief Executive Officer Tim Cook recently confirmed that he owns cryptocurrencies. His statement contributed positively to the acceptance of digital assets within the technology industry. During a live interview, Cook expressed his opinion on the cryptocurrency and confirmed that he had been interested in the technology for years.

During the discussion, Cook clarified that he was speaking on “a personal basis” when it comes to cryptocurrencies. He said digital assets were important in diversifying investment portfolios. However, he stated that Apple has not adopted cryptocurrency in its business strategy but endorses BTC as a form of payment.

Apple’s Cautious Approach to Cryptocurrency

Cook’s revelation attracted people who invest in cryptocurrencies and technology related stocks. Many in the community view his direct use of cryptocurrency as a sign of the latter, of being bullish on it. While Cook has not revealed further details about the kind of digital assets he owns or how many he owns, his association is enough to make the market react.

However, Cook insisted that Apple is cautious to incorporate cryptocurrencies in their transactions. He noted that cryptocurrency will not be used by his company as a type of payment or incorporated into the company’s short-term monetary plans. This conservative approach to cryptocurrency could be attributed to the company’s commitment to security and privacy as well as long-standing corporate philosophies.

Tesla Transfers Entire $765M Bitcoin Stash to Unknown Wallets
Apple Leader Tim Cook Reveals Personal Crypto Holdings For 3 years To Diversify Portfolio 5

Other Business Leaders Exploring Cryptocurrency

Besides Apple’s CEO Tim Cook, other notable business people are also investing in the cryptocurrency industry. Tesla’s Elon Musk has invested a lot into Bitcoin and even used it as a payment method for Tesla cars. Additionally, Musk has invested in the memecoins such as DOGE. Moreover, Twitter’s former chief executive, besides being an investor in Bitcoin, included Bitcoin in Square’s payment method.

The trend observed among leaders of the big tech companies indicates an increasing demand and adoption of cryptocurrencies and the blockchain technology at different levels of business. However, there is an overall conservative approach by many enterprises, which indicates the conflict between complex innovation and stability in their businesses.

Musk’s 1st XRP Mention Sparks Excitement Among Investors

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  • Elon Musk mentioned XRP for the first time during a viral video, sparking conversation in the crypto community.
  • Musk emphasized that cryptocurrencies like XRP promote individual freedom but stopped short of endorsing XRP.
  • The XRP community is hopeful that Musk’s comments could signal a change in the asset’s market trajectory.

In a viral video making waves on Crypto Twitter, famous entrepreneur and owner of the social media platform X, Elon Musk, directly mentioned XRP for the first time. His comments have stirred conversations across the cryptocurrency community, with many wondering if this could impact the token’s future.

During the video, Musk was asked to give his opinion on whether the token could be integrated into the global financial system, especially given the U.S. Securities and Exchange Commission’s (SEC) aggressive stance on cryptocurrencies. Musk’s response was measured but impactful. He acknowledged the role of cryptocurrencies like Ripple, calling them valuable assets in the fight against centralized control.

While Musk stopped short of endorsing XRP, his comments are notable. He stated, “This is not an endorsement or lack of endorsement for XRP,” but he did emphasize that the nature of cryptocurrencies, including Ripple, promotes individual freedom. This statement has left the crypto community abuzz, given Musk’s influence on the market.

Musk and XRP: A Turning Point?

This marks the first time Elon Musk has mentioned XRP publicly, which is significant for the seventh-largest cryptocurrency by market cap. The Ripple community has long sought Musk’s attention, with hopes that his backing could propel the token the way his endorsement boosted Dogecoin (DOGE) to an all-time high in 2021.

Interestingly, while Musk has shown loyalty to DOGE, and to a lesser extent Bitcoin (BTC) and Ethereum (ETH), his engagement with XRP has been limited. In October 2022, Musk reacted to the news about Ripple’s case against the SEC, expressing surprise when the agency released drafts of William Hinman’s Ethereum speech to Ripple. Despite his “No way” tweet and a later approval of a podcast discussing Ripple’s partial legal victory, Musk had never directly mentioned the token, until now.

The Ripple community is eager to see if Musk’s influence could push the token higher, especially in the ongoing battle with the SEC.

Ripple has been a focal point of SEC scrutiny, but it remains resilient. With a current market cap of over $28 billion and a daily trading volume surpassing $1.4 billion, the token is far from fading. Musk’s recognition adds to a list of developments that could boost the token’s profile globally.

Whether Musk’s mention of XRP has a lasting impact remains to be seen, but his comments have undoubtedly added fuel to the ongoing conversation about the future of cryptocurrencies in the global financial system.

DOGE and Elections: The Secret Connection

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  • Dogecoin trends show significant growth during election periods.
  • Its long-term trendline reveals consistent upward momentum.
  • November could be a significant month for DOGE investors.

DOGE’s latest price trends are heating up as November approaches. Historical patterns suggest that election cycles can significantly impact the price movements of the meme coin. This reflects investor optimism and increased market activity, especially during politically charged periods. Despite market volatility, DOGE’s resilience reinforces its status as the OG meme coin.

In a recent chart, the meme coin displayed a consistent upward trend since 2014, with notable spikes occurring around major elections. Experts believe November 2024 might be pivotal, as election-driven sentiment typically fuels speculative investment. This is confirmed by the steady upward trajectory underlined by key election dates. The yellow trendline indicates consistent growth since 2014, with two major spikes in 2021 and 2024.

DOGE
DOGE and Elections: The Secret Connection 7

Moreover, the TD Sequential indicator, a crucial technical analysis tool, has been accurately predicting Dogecoin’s trend on the weekly chart. If the indicator continues to flash sell signals, it could signal a significant price correction, experts opined.

However, its future is not entirely dependent on technical analysis. The cryptocurrency’s community and development team are actively working on various initiatives to enhance its utility and adoption. These efforts, combined with favorable market conditions, and other developments could potentially drive a price surge in the coming months.

The Future of Mobility: Could DOGE Be a Player?

Last week, the token broke out of a week-long downtrend as Tesla launched its latest personal assistant robots and self-driving robo taxis at an event in California. The groundbreaking event showcased the company’s vision for fully autonomous AI-driven vehicles, drawing massive global interest. CEO Elon Musk himself made the landmark announcement.

The meme coin has been linked to various technological advancements. The news of Tesla’s AI-driven mobility could have triggered a broader interest in technology-related cryptocurrencies, benefiting Dogecoin as well. As a known proponent of DOGE, Elon Musk’s public statements and actions can also create a positive sentiment around the token.

That said, investors should closely monitor Dogecoin’s price action and remain vigilant about potential risks. While the cryptocurrency’s meme-based origins may have contributed to its popularity, its long-term success will depend on its ability to offer real-world value and utility.

Elon Musk Gets New Favorite Cryptocurrency – No, It’s Not Dogecoin

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X (formerly Twitter) boss, Elon Musk, took some time off in his ongoing struggle with the Brazilian government to show off his new favorite cryptocurrency. Notice we said “new”? The crypto community was shocked to learn about Elon Musk’s shift from Dogecoin (DOGE) and his fondness for ETFSwap (ETFS), a new presale Ethereum token. 

Elon Musk Spotlights Presale Ethereum Token, ETFSwap (ETFS)

The cryptocurrency community knows Elon Musk has a soft spot for Dogecoin (DOGE), even accepting the meme coin as legal tender for some Tesla merch since January 2022. Furthermore, Elon Musk periodically posts about Dogecoin (DOGE) on X, often causing the meme coin’s value to soar as traders awaited the next innovation Musk would announce.

However, on Tuesday, while addressing big players in the cryptocurrency industry, Elon Musk referenced ETFSwap (ETFS), the native token of the ETFSwap ecosystem. He elevated the token’s extensive utility over Dogecoin (DOGE) and cited the ingenious innovations the platform would bring to the global cryptocurrency scene. 

Elon Musk praised ETFSwap’s (ETFS) forward thinking in merging DeFi and traditional finance. He also revealed the scope of the ETF industry, rounding up its worth at over $10 trillion. Elon Musk believes the platform’s revolutionary approach is a real crowd-puller and has expressed plans to buy the cryptocurrency as soon as possible before its presale concludes.

ETFSwap (ETFS) Attracting Dogecoin (DOGE) Bigwigs With Unique ETF Trading Platform

ETFSwap (ETFS) merges DeFi and traditional finance by offering a sleuth of hybrid institutional ETFs for Dogecoin (DOGE) traders and investors to diversify their portfolios. The platform allows users to trade digital representations of these real-world assets such as stocks, bonds, equity, funds, etc. Furthermore, these highly liquid ETFs represent various industries, including healthcare, energy, agriculture, etc.

ETFSwap (ETFS) guides investors and traders in choosing investment vehicles using its advanced AI-powered analytical tools. The ETF Screener and ETF Tracker scour vast amounts of market data to extract trends and patterns and form insights that benefit traders and investors. 

ETFSwap (ETFS) offers its users attractive leverage options to multiply their potential earnings in the market. Users can access 10x leverage and 50x for futures and options trading. Thus, investors can turn their $100 investment into $1000 and more. The platform also allows users to enjoy passive income via staking. When they stake their preferred ETFs, they contribute to that ETF’s liquidity, which enhances the efficiency of trades on that ETF.

ETFSwap’s (ETFS) native token was also built to reward traders for using the platform. The token affords holders huge discounts on trading fees and exclusive access to early listings on the ETFSwap (ETFS) platform to stay ahead of the market. Additionally, ETFSwap (ETFS) rewards token holders with up to 36% from its dedicated staking rewards pool when they stake their tokens in ETFSwap’s (ETFS) staking protocol.

Meanwhile, ETFSwap (ETFS) understands the importance of security and transparency in trading. The platform leverages the highly secure and scalable Ethereum blockchain to provide its users with robust security. Also, users are not required to complete KYC verification before using the platform. All they need is a functional email address.

Further refining its security, the project’s team completed the KYC verification provided by SolidProof, a smart contract security auditing firm. Additionally, Cyberscope thoroughly audited ETFSwap (ETFS) to find any significant security vulnerabilities, and they found none.

Conclusion

ETFSwap’s potential to create cryptocurrency millionaires has endeared Elon Musk to the token. Besides, top analysts have pegged the cryptocurrency for a 10,049% rally upon launch. Consequently, many Dogecoin (DOGE) investors and industry experts are interested in the project’s ingenious proposition. 

To join them in positioning for massive gains soon, intelligent investors can buy ETFSwap (ETFS) at its low presale price of $0.03846 and use the 50% bonus promo to accumulate more tokens.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

Dogecoin Surges 5% After Elon Musk’s Powerful ‘D.O.G.E.’ Tease

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Elon Musk has stirred the Dogecoin (DOGE) and broader crypto communities again. On Tuesday, Musk hinted at a playful take on serving the U.S. government with a nod to Dogecoin. The Tesla and SpaceX billionaire shared an AI-generated image of himself at a podium labeled “Department Of Government Efficiency (D.O.G.E.)” with the caption, “I am willing to serve.”

This playful post sparked excitement across the crypto world, especially among DOGE fans. The acronym “D.O.G.E.” was quickly picked up by enthusiasts, interpreting it as another of Musk’s famous nods to the popular meme coin.

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Musk’s tweet comes after recent speculation about his involvement in government. Last week, former president Donald Trump hinted at offering Musk a cabinet or advisory role if reelected. Speaking at a campaign event in Pennsylvania, Trump mentioned Musk’s name as a potential candidate for a government position. Musk’s response, while humorous, kept the spotlight on DOGE.

Musk-Dogecoin Love Story

Musk’s relationship with DOGE is well-documented. He has promoted the meme-themed cryptocurrency on several occasions, boosting its popularity and price. From changing Twitter’s logo to the DOGE icon to enabling DOGE payments for Tesla merchandise, Musk’s influence on the coin is undeniable.

Earlier this year, Musk hinted that Tesla might accept Dogecoin as payment for its cars. This ongoing endorsement has led to notable price swings whenever Musk tweets or comments about DOGE.

Despite the hype, Musk’s support for DOGE has drawn criticism. Some accuse him of manipulating the meme coin’s market value. In 2022, a group of investors sued Musk, alleging that his tweets artificially inflated DOGE by 36,000% before it eventually plummeted.

Following Musk’s latest tease, Dogecoin saw an immediate price bump. The token rose by 5%, trading at $0.105 as of writing. This surge underscores Musk’s ongoing influence over Dogecoin’s market movements. With each playful reference, Musk keeps Dogecoin’s relevance alive, much to the delight of its dedicated community.

As always, when it comes to Dogecoin, Musk remains the king of memes and market moves.

Bitcoin vs Gold: Peter Brandt’s Massive Response to Musk’s Remarks on USD Devaluation

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Elon Musk’s recent comments have reignited the debate over Bitcoin’s potential as a store of value. The CEO of SpaceX and Tesla highlighted the U.S. dollar’s devaluation, likening it to the hyperinflation seen in Zimbabwe. Musk’s critique of current monetary policies has drawn attention to the declining purchasing power of the dollar.

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Veteran trader Peter Brandt chimed in, noting the dollar’s reduced purchasing power over time. He pointed out that a dollar’s value at his birth has dwindled to just five cents today. This observation led him to consider BTC as a viable store of value.

In contrast, Chief Economist and Global Strategist Peter Schiff argued that the dollar’s devaluation doesn’t guarantee BTC’s value. Schiff suggested gold as a more reliable hedge against the dollar’s decline. He emphasized gold’s long history as a store of value, implying it offers more stability than BTC.

Brandt acknowledged gold’s enduring value but suggested a diversified portfolio. He proposed that including stocks and BTC could outperform gold alone, hinting at a balanced approach to preserving wealth.

The crypto community reacted energetically to this debate. Some praised Brandt’s recognition of the generational shift in economic opportunities. Others questioned BTC’s practicality compared to gold. This discussion highlighted the differing opinions within the community about BTC’s role as a store of value.

This debate followed Bryan Courchesne’s appearance on CNBC’s ‘Fast Money.’ Courchesne, CEO of Digital Asset Investment Management (DAIM), discussed Bitcoin’s potential as a U.S. reserve asset. He noted the Department of Justice’s significant BTC holdings, approximately 200,000 BTC. This makes the U.S. the largest sovereign holder of BTC globally.

Courchesne suggested that transferring this BTC to the Department of the Treasury could allow the U.S. to hold Bitcoin as a strategic asset. This move could position Bitcoin as a reserve asset, though he acknowledged the complexities involved.

Bitcoin’s Current Metrics

Amidst these discussions, Bitcoin’s price stands at $66,019.39. The 24-hour trading volume is $34,540,641,124. This marks a slight price decline of 0.69% in the last 24 hours, but a 0.68% increase over the past week. These metrics highlight Bitcoin’s volatility and the ongoing debate about its stability as a store of value.

Elon Musk’s comments have sparked a renewed debate about Bitcoin’s role in the financial system. As experts weigh in, the discussion underscores the evolving views on digital assets and their potential to hedge against traditional currency devaluation. While opinions vary, the debate itself reflects a growing interest in Bitcoin’s place in the global economy.

Crypto Icon Elon Musk’s Laser Eyes Ignite Frenzy

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Crypto enthusiasts are buzzing again. Elon Musk, the Tesla CEO, has updated his X profile picture to feature himself in armor, with laser blue eyes and an American flag backdrop. This laser eye meme has significant roots in the crypto world, starting from the game Mass Effect 2 in 2010 and embraced by the digital asset community in 2021. It symbolizes strength and support for Bitcoin.

This change came right after news broke that President Joe Biden would not seek re-election. The crypto community, which leans towards Biden’s rival, Donald Trump, took this as a hopeful sign for Trump’s possible return to office. Trump has been vocal against Biden’s crypto policies and has promised to safeguard Bitcoin and crypto miners’ rights. This has won him favor in the crypto world.

Musk and Crypto: Never Ending Lovestory

In addition to the profile change, Musk voiced his belief in an America that celebrates individual freedom and merit. Musk’s name is no stranger to digital assets news, given his well-known support for Dogecoin. The laser eyes are more than just a trend; they show a strong stance in the Bitcoin community.

Interestingly, Musk’s timing aligns with his arrival in Tennessee for the 2024 Bitcoin Conference. His profile picture change happened on the same day he landed in the city hosting the event.

Musk is not alone in this trend. Marc Andreessen, co-founder of Netscape and the venture capital firm Andreessen Horowitz (a16z), followed suit. Andreessen’s new profile picture shows an anime character with laser eyes and an American flag. He made this change right after Biden’s re-election news broke.

Ryan Selkis, founder of the research firm Messari, also updated his profile to the laser eye theme.

Musk’s profile picture change is more than just a visual tweak. Earlier this year, he swapped his picture to an anime woman with glowing red eyes just weeks before Bitcoin hit its all-time high of $73,750 on March 14.

The community watches Musk’s moves closely. His latest profile picture speaks volumes, signaling his unwavering support for Bitcoin and a hopeful future for crypto under new political leadership.