Can Elon Musk Influence The Next US Election?
27 Outubro 2022 - 8:00PM
NEWSBTC
The Elon Musk Twitter deal is almost at its end. A Bloomberg report
stated that the plan was to finalize the deal by Fri. 28 October,
transferring ownership to the billionaire. As the social media
platform is about to switch hands, it has raised multiple questions
regarding Musk’s plans for it and its impacts. Since Twitter’s
influence spans every sphere of everyday life, could Musk’s
acquisition influence the next US election? Twitter’s Influence On
US Election Over the years, there have been multiple bans placed on
political figures by Twitter. One of the most notable is the ban of
former US president Donald Trump – a move that saw calls for
‘freedom of free speech’ on the platform, which Elon Musk himself
has highlighted. Musk has previously made it known that when he
took over the social media platform, he plans to ‘clean it up.’ His
idea of a ‘clean up’ included making Twitter a platform that
supports free speech. So it begs the question of how he intends to
go about it. Related Reading: Dormant Ethereum Whale Rouses As
Crypto Market Sees A Revival Once Musk takes control of Twitter, he
will have the power to unban important political figures such as
Donald Trump and Senator Ron Johnson. If the Tesla CEO does choose
to do this, it may have a profound influence on the next US
elections as it reinstates the access of these political figures to
a wide audience once more. However, there is no telling if it is
possible to further influence beyond lifting the bans on political
figures in pursuit of free speech. The next US election will happen
in 2024, and by then — assuming the deal goes through as planned,
Musk will have had control of the social media platform for at
least a year. This is enough time for some significant changes to
the platform. Musk, Bitcoin, And Social Media Elon Musk has always
been one of the biggest evangelists of Bitcoin and cryptocurrencies
in general. Back in 2021, his electric vehicle company Tesla had
briefly accepted Bitcoin payments before halting it due to
environmental concerns. However, Musk has not stopped showing
support for Bitcoin. Tesla still holds about $200 million worth of
BTC on its balance as of the time of this writing. It is therefore
not a long shot to expect that the use of Bitcoin could be promoted
on Twitter once Musk takes over. Twitter already has the “Tip Jar”
feature that allows users to tip content creators using Bitcoin and
other cryptos. Musk’s previous idea was to expand this to include
Dogecoin. So the billionaire’s takeover of Twitter could lead to an
even larger presence of the crypto community on the platform. He
could use his new position to promote Bitcoin as he has done in the
past. Related Reading: Bitcoin Fails To Break $21,000, Is Uptober
Still In Play? As for the Twitter deal, Musk does not seem too
fazed about the court order to complete the deal by Oct. 28. “I
think it’s an asset that has just sort of languished for a long
time but has incredible potential,” Musk said during a Tesla
earnings call. “Although obviously myself and the other investors
are overpaying for Twitter right now.” Elon Musk visited the
Twitter headquarters on Wednesday where he said he met “a lot of
cool people.” He is expected to speak to Twitter workers on Friday
about the future of the platform. While there are no public details
on what this would entail, there have been reports that he plans to
cut 75% of the 7,500 workers, leaving a skeleton staff of 2,000.
BTC recovers above $20,700 | Source: BTCUSD on TradingView.com
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