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- Trump considers Musk for a cabinet role, potentially aligning technology and government.
- A Trump-Musk partnership might influence both electric vehicles and the cryptocurrency market.
Donald Trump has indicated that he would consider offering Elon Musk a role in his cabinet or advisory team if re-elected as President, praising Musk’s contributions to electric vehicles and space exploration.
The second-round presidential candidate has been known to choose Elon Musk for his cabinet if elected, as also tweeted by DogeDesigner today.
BREAKING: Donald Trump says he would offer Elon Musk a cabinet or advisory role if elected President. pic.twitter.com/yZtECPy3Sy
— DogeDesigner (@cb_doge) August 19, 2024
Trump highlighted Musk’s potential value in government while also expressing skepticism about the $7,500 tax credit for electric vehicle buyers, suggesting he might revoke it. On the other hand, he criticized the Biden administration‘s push for stricter emissions standards favoring electric vehicles, suggesting that if re-elected, he would roll back these regulations to support a more balanced approach that includes various types of vehicles.
Yet, as of now, Elon Musk has not publicly responded to Donald Trump’s comments or the possibility of being offered a role in Trump’s administration if he is re-elected.
Perhaps most important for the crypto community is the potential financial impact this combination could bring to the country and global finance. A Trump-Musk partnership could spark a Bitcoin rally, as suggested by a recent CNF update. As we can see in today Coin Market Cap data, Bitcoin (BTC) is trading at $60,957.93, having surged by 3.97% in the past day and 3.97% in the past week. See BTC price chart below.
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