Elon Musk Mentions XRP At Pennsylvania Rally, Boosts Crypto Prices
The post Elon Musk Mentions XRP At Pennsylvania Rally, Boosts Crypto Prices appeared on BitcoinEthereumNews.com.
Billionaire Elon Musk was asked about XRP during the Pennsylvania rally. However, Musk preferred to stay neutral – neither for nor against – on XRP while extending his support for the broader crypto market, mentioning crypto uses cases against centralized control. Interestingly, Musk’s mention of crypto has sent the crypto market higher with altcoins playing the leading role. Here’s What Elon Musk Said When Asked About XRP During his Pennsylvania rally supporting Donald Trump, Elon Musk came to extend support for President Donald Trump, who’s gaining massive ground against his opponent Kamala Harris. The Poylmarket data shows that Trump has a 60.7% chance of winning against Kamala whose odds have dropped to 38.7%. During his Pennsylvania rally for Trump, someone from the audience asked Elon Musk considering SEC’s hostile approach towards crypto under the Biden administration, does the tech billionaire sees the XRP Ledger getting incorporated into financial institutions in the future. Responding to this, Musk said: “This is definitely not an endorsement or lack of endorsement for XRP, but I do think crypto by its very nature helps with individual freedom.” Elon Musk has been an ardent proponent of the crypto tech, especially Dogecoin (DOGE) and Bitcoin (BTC). Furthermore, his electric car company Tesla holds Bitcoins on its balance sheet for more than three years now. Besides, Musk has also confirmed his role to lead the ‘Department of Government Efficiency’ (D.O.G.E) if Donald Trump comes to power once again while teasing the DOGE meme coin. Elon Musk’scommentary on XRP and crypto has got the entire market rolling today with Ethereum leading altcoins with 4% gains. Other market players have also extended support with similar gains. The Growing Demand for XRP Ledger Irrespective of the legal hurdles, Ripple has continued to push the use of XRP Ledger to facilitate instant…
Filed under: News - @ October 21, 2024 9:25 am