As a seasoned crypto investor with a keen interest in geopolitics and tech moguls, I find myself intrigued by the recent developments involving Elon Musk and his relationship with Russian President Vladimir Putin. While it’s not unusual for influential figures to maintain contact with world leaders, the context here seems quite interesting given Musk’s public support for Donald Trump and his role in the tech industry.
Elon Musk, a supporter of Dogecoin, is frequently communicating with Vladimir Putin, the President of Russia, while he carries on supporting Donald Trump. According to The Wall Street Journal’s report on Friday, Musk addressed the rumors, as he has found himself under scrutiny by both the U.S. and Russian authorities.
Additionally, Musk recently contributed an extra $44 million to his political action committee, known as America, bringing the total contributions he’s made to more than $118 million.
Dogecoin Fan Elon Musk Responds to Relations With Putin
It’s been common for Elon Musk, the CEO of Tesla, to engage in discussions with Russian President Vladimir Putin. Their conversations have encompassed a variety of subjects, such as personal issues, business ventures, and global politics, according to reports by the Wall Street Journal on October 25, based on current and former officials from the U.S., Russia, and Europe.
Previously, Putin requested that Elon Musk not turn on Starlink’s satellite internet service for Taiwan, as a gesture towards China. However, it should be noted that SpaceX, the company running Starlink, has significant business interests with the US military and intelligence agencies, and Musk holds security clearance to certain classified information. So far, no issues have been flagged, but some officials have expressed concerns about this situation.
Elon Musk dismisses news items about Putin, suggesting that this was another attempt to undermine Donald Trump’s bid for re-election following the “Trump is Hitler” strategy. Musk has now become a prominent supporter of Trump’s 2024 campaign and may play a significant role in any future Trump administration.
— Elon Musk (@elonmusk) October 25, 2024
Musk Donates Over $118 Million to Re-elect Trump
Previously, CoinGape announced that Elon Musk said, “Putin appears unwilling for Trump to be elected.” This statement emerged during a lively discussion concerning a reported $10 million payment by Russia to a political party-linked organization. Notably, Putin has shown backing for Kamala Harris at a time when President Joe Biden openly supports her.
As a crypto investor, I find it intriguing that Trump has expressed his intention to deescalate the Russia-Ukraine conflict. During the BRICS Summit, Putin acknowledged Trump’s sincerity in these remarks. Interestingly enough, both Trump and Musk have previously advocated for strengthening our relations with Russia.
Elon Musk strongly feels that this election is significant for the U.S., and he’s recently added another $44 million to the America PAC, a group supporting Donald Trump. This new donation brings his total contributions to more than $118 million, as reported by the US Federal Election Commission, aimed at re-electing Trump.
DOGE Price May Rally to $1
In light of recent events, investor excitement for Dogecoin has been ignited today. The price of Dogecoin has shown significant upward movement in the last 24 hours and is currently trading at $0.1386. This surge can be attributed to a rise in DOGE holdings by large investors, as reported by CoinGape.
The potential creation of the Department of Government Efficiency (DOGE) and Donald Trump’s pledge to appoint Elon Musk to a significant role in his administration, has sparked optimism that DOGE could be worth $1. If Trump triumphs in the U.S. presidential election, Dogecoin’s price may soar to record highs.
In the derivatives sector, the overall value of Dogecoin (DOGE) futures contracts dropped by 2% over a 24-hour period as traders exited due to the expiration of cryptocurrencies. According to data from Coinglass, the total open interest in DOGE futures has been increasing, with approximately 6.74 billion DOGE, equivalent to $931.79 million, currently in play.
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2024-10-25 11:06