Trump, Musk, and BTC hit a new high of $66,000

Trump Musk Joins Forces: An Unexpected Combination Before the Election

In this US election, a surprising combination has attracted a lot of attention - former President Trump and entrepreneur Elon Musk. Although the two did not have a good relationship in the past, Musk is now one of Trump’s staunchest supporters.

ALL IN Trump, Musk's "American Election" Business Strategy

Musk’s support for Trump can be described as all-round. In terms of funding, he donated $75 million to a pro-Trump political action committee, making him the largest donor outside of Adelson. This funding is undoubtedly a relief for the financially disadvantaged Trump camp.

! ALL IN Trump, Elon Musk’s “U.S. Election” Business

In addition to financial support, Musk also used his influence to support Trump’s election. He openly supported Trump on social media and held an exclusive interview with him, which attracted a lot of attention. Musk also personally attended Trump’s campaign rally and supported him on stage.

Recently, Musk initiated a controversial lottery, offering a million-dollar prize to voters participating in the petition. Although this practice may be suspected of being illegal, Musk seems indifferent to the risks.

The outside world is inevitably curious that the former “enemy” has now become a staunch ally. According to the analysis, this change is mainly due to interest considerations. Musk and the current government are at odds on many fronts, including regulatory policies, subsidy issues, etc. Several of his companies are facing investigations by government departments. In contrast, Trump has promised to give Musk more political space and possibly even a key position in his administration.

! ALL IN Trump, Musk’s “U.S. Election” Business Story

Trump has proposed that Musk head a “government efficiency committee” that would audit federal government spending and recommend reforms. Although this position may seem neutral, it may actually give Musk a greater say in government contracts and other aspects, and there is a potential conflict of interest.

For Musk, supporting Trump has become a big gamble. If Trump loses the election, he will not only lose a lot of money, but he may also face blows from his opponent’s camp. But if Trump wins, Musk will gain enormous political influence.

ALL IN Trump, Musk's "American Election" Business Strategies

Current polls show Trump leading in a number of key states. The crypto market also reacted to this, with Bitcoin breaking through $66,000. Regardless of the outcome, Musk and Trump, the “brothers of interest”, are already tied to the same boat, and their political and business alliance will continue to attract attention from all sides.

! ALL IN Trump, Elon Musk’s “U.S. Election” Business

TRUMP2,78%
BTC1,46%
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