Billy Markus, the co-founder of Dogecoin $0.195367, defended Elon Musk against the negativity shaped by the media. He highlighted that Musk is one of the most transparent public figures and expressed that media narratives significantly influence public perception.
Markus’ Views on Musk
In his tweets, Markus emphasized that Musk’s transparency is being manipulated by the media. He stated, “There are hidden agendas used to portray Musk negatively.”
As the 2024 U.S. presidential elections approach, Musk is increasingly engaging in political activities to support Donald Trump. This week, he is scheduled to hold two city council meetings.
Billy Markus: “The media targets Musk due to the overwhelming content. This reflects their lazy and ordinary approaches.”
Tesla CEO Musk is likely to discuss cryptocurrencies such as Dogecoin and XRP during these meetings. He previously noted that cryptocurrencies support individual freedom while mentioning XRP at a recent rally.
Tesla’s Bitcoin Investments
Tesla confirmed that its Bitcoin $76,278 reserves remained unchanged as of Q3 2024, holding approximately 11,509 BTC valued at around $765 million. The company stated that wallet transfers are related to security concerns.
Additionally, the U.S. Department of Justice warned Musk regarding his America PAC’s efforts to promote voter registration with daily $1 million rewards. This initiative has raised questions about its legality in some quarters.
Despite Markus’s support, Elon Musk continues to face various criticisms. Mark Cuban questioned Musk’s involvement in Donald Trump’s campaign and the legality of the $1 million reward distribution.
Lastly, it is expected that Musk will continue to be targeted by the media, which further elevates his role in both political and business spheres. The topics discussed in the article revolve around Musk’s relationship with the media, his political participation, and Tesla’s cryptocurrency investments, which could impact Musk’s public perception and business strategies.