Endorsement from Kraken Co-Founder: Elon Musk’s Crucial Importance

Endorsement from Kraken Co-Founder: Elon Musk’s Crucial Importance


Elon Musk’s Controversial Statements at DealBook Summit

Elon Musk, the CEO of Tesla and SpaceX and a major supporter of Dogecoin, has once again found himself in the midst of controversy. During an interview at the DealBook Summit hosted by The New York Times, Musk made several statements that drew attention.

Crypto Community Supports Musk

Jesse Powell, the co-founder and former CEO of crypto exchange Kraken, shared his thoughts on Elon Musk’s approach to running Twitter. Powell expressed his support for Musk, who purchased the social media platform in a billion-dollar deal to “rescue freedom of speech.”

Musk claimed that Twitter was under the control of the US government, which he believed violated the First Amendment of the US Constitution. He stated that the government’s influence over Twitter was excessive and called it a “severe violation.”

Musk’s defense of free speech resonated with many members of the crypto community. They praised him for protecting freedom while acknowledging concerns about concentrated power.

Musk Criticizes Disney

In addition to his statements about Twitter, Musk also addressed an advertisement issue faced by the platform. Companies like Apple, IBM, and Disney had stopped their marketing campaigns on Twitter due to concerns about “pro-Nazi” posts.

Musk directly criticized Disney’s CEO, Bob Iger, telling him to “go f*ck yourself.” This led to support from Musk’s followers, with some users reportedly canceling their Disney+ subscriptions in response.

Hot Take: Elon Musk Continues to Stir Controversy

Elon Musk’s recent statements at the DealBook Summit have once again put him in the spotlight. His remarks about Twitter and its alleged government control have garnered support from the crypto community. However, his confrontation with Disney’s CEO has also sparked controversy.

As one of the most influential figures in the crypto world, Musk’s actions and statements continue to draw attention and have a significant impact on public opinion. Whether you agree or disagree with him, there’s no denying that Musk is a polarizing figure who isn’t afraid to speak his mind.

Image source: Unsplash

Chart source: Tradingview

Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

Note: This article is for informational purposes only and should not be taken as financial advice.

Author – Contributor at | Website

Bitro Conwell stands as an intellectual architect, weaving together the roles of crypto analyst, meticulous researcher, and editorial virtuoso with finesse. Amidst the digital intricacies of cryptocurrencies, Bitro’s insights resonate harmoniously with seekers of all stripes, showcasing a profound understanding. His ability to untangle the most complex threads within the crypto landscape seamlessly pairs his their editorial finesse, transforming intricacy into an artful tapestry of comprehension.