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Elon Musk, CEO of Tesla and SpaceX, directly mentioned XRP for the first time during a Town Hall meeting in Pittsburgh, Pennsylvania. The dialogue unfolded when an attendee, seemingly a supporter, asked Musk: “Do you envision the XRP Ledger being incorporated into financial institutions in the future?” He responded thoughtfully: “I do think that cryptocurrency is an interesting and probably valuable bulwark against centralized control.” Musk, who has to be careful what he says in public due to his reach and popularity, apparently tried to avoid any misunderstandings and interpretations, which is why he clarified further, “this is definitely not an endorsement or lack of endorsement for XRP.” The Tesla CEO further added, “but I do think crypto by its very nature helps with individual freedom.” BREAKING: ELON MUSK ASKED ABOUT $XRP! Elon Musk was asked— “Do you envision the XRP Ledger being incorporated into the financial institutions in the future” Elon responded by stating — “ This is definitely not an endorsement or lack of endorsement for XRP, but I do think… pic.twitter.com/Y4fndBjiFg — Good Morning Crypto (@AbsGMCrypto) October 20, 2024 Elon Musk’s History With XRP The community reacted swiftly to Musk’s comments. Vandell, known as Black Swan Capitalist (@vandell33) on X, speculated: “Pay attention to how nervous he was. Musk’s response was as unexpected as it was revealing. Why can billionaires endorse Bitcoin & Dogecoin but can’t speak on XRP? Think about it. The silence says it all.” Notably, this instance marks the first time Musk has publicly commented on XRP during a speech. Members of the community have long been seeking Musk’s attention on X, hoping for his endorsement of the asset. While Musk did not explicitly endorse XRP, he had two instances of interactions with the community. Previously, Musk has reacted to developments involving Ripple. In…

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Filed under: News - @ October 21, 2024 10:22 am