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    HomeBitcoinCan Elon Musk Influence The Next US Election?

    Can Elon Musk Influence The Next US Election?

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    The Elon Musk Twitter deal is nearly at its finish. A Bloomberg report said that the plan was to finalize the deal by Fri. 28 October, transferring possession to the billionaire. Because the social media platform is about to modify arms, it has raised a number of questions concerning Musk’s plans for it and its impacts. Since Twitter’s affect spans each sphere of on a regular basis life, may Musk’s acquisition affect the following US election?

    Twitter’s Affect On US Election

    Over time, there have been a number of bans positioned on political figures by Twitter. Some of the notable is the ban of former US president Donald Trump – a transfer that noticed requires ‘freedom of free speech’ on the platform, which Elon Musk himself has highlighted.

    Musk has beforehand made it identified that when he took over the social media platform, he plans to ‘clear it up.’ His concept of a ‘clear up’ included making Twitter a platform that helps free speech. So it begs the query of how he intends to go about it.

    As soon as Musk takes management of Twitter, he may have the facility to unban vital political figures comparable to Donald Trump and Senator Ron Johnson. If the Tesla CEO does select to do that, it might have a profound affect on the following US elections because it reinstates the entry of those political figures to a large viewers as soon as extra. Nevertheless, there is no such thing as a telling whether it is doable to additional affect past lifting the bans on political figures in pursuit of free speech.

    The subsequent US election will occur in 2024, and by then — assuming the deal goes by means of as deliberate, Musk may have had management of the social media platform for not less than a yr. That is sufficient time for some vital modifications to the platform.

    Musk, Bitcoin, And Social Media

    Elon Musk has all the time been one of many largest evangelists of Bitcoin and cryptocurrencies basically. Again in 2021, his electrical automobile firm Tesla had briefly accepted Bitcoin funds earlier than halting it on account of environmental issues. Nevertheless, Musk has not stopped displaying assist for Bitcoin. Tesla nonetheless holds about $200 million price of BTC on its stability as of the time of this writing.

    It’s subsequently not a protracted shot to anticipate that using Bitcoin might be promoted on Twitter as soon as Musk takes over. Twitter already has the “Tip Jar” function that enables customers to tip content material creators utilizing Bitcoin and different cryptos. Musk’s earlier concept was to develop this to incorporate Dogecoin. So the billionaire’s takeover of Twitter may result in a fair bigger presence of the crypto group on the platform. He may use his new place to advertise Bitcoin as he has finished prior to now.

    As for the Twitter deal, Musk doesn’t appear too fazed in regards to the court docket order to finish the deal by Oct. 28. “I feel it’s an asset that has simply form of languished for a very long time however has unimaginable potential,” Musk stated throughout a Tesla earnings name. “Though clearly myself and the opposite buyers are overpaying for Twitter proper now.”

    Elon Musk visited the Twitter headquarters on Wednesday the place he stated he met “quite a lot of cool folks.” He’s anticipated to talk to Twitter staff on Friday about the way forward for the platform. Whereas there are not any public particulars on what this could entail, there have been experiences that he plans to chop 75% of the 7,500 staff, leaving a skeleton workers of two,000.

    Bitcoin price chart from TradingView.com

    BTC recovers above $20,700 | Supply: BTCUSD on TradingView.com
    Featured picture from Ekonomist, chart from TradingView.com

    Observe Best Owie on Twitter for market insights, updates, and the occasional humorous tweet…





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