Tesla founder Elon Musk just lately discovered himself within the highlight as soon as once more when requested concerning the potential way forward for XRP in monetary establishments. Whereas fastidiously avoiding any direct endorsement or criticism of XRP, Musk’s response highlighted his broader views on cryptocurrency.
Throughout a public look, an viewers member posed a pointed query about XRP’s future in gentle of the SEC’s current crypto crackdowns. The questioner particularly requested if Musk envisioned the XRP Ledger being included into monetary establishments sooner or later.
Musk sidestepped XRP-specific query
In his measured response, Musk sidestepped the XRP-specific inquiry, as a substitute providing a broader perspective on cryptocurrency’s societal affect. “I definitely can’t converse to any particular crypto,” Musk started.
BREAKING: 🇺🇸 ELON MUSK ASKED ABOUT $XRP!
Elon Musk was requested— “Do you envision the XRP Ledger being included into the monetary establishments sooner or later”
Elon responded by stating — “ That is undoubtedly not an endorsement or lack of endorsement for XRP, however I do suppose… pic.twitter.com/Y4fndBjiFg
— Good Morning Crypto (@AbsGMCrypto) October 20, 2024
The SpaceX CEO then pivoted to what he sees as cryptocurrency’s core worth proposition: “Cryptocurrency is an fascinating and possibly beneficial bulwark towards centralized management,” Musk acknowledged.
Musk was fast to make clear that his feedback shouldn’t be construed as an endorsement or criticism of XRP particularly. “That is undoubtedly not an endorsement or lack of endorsement for XRP,” he emphasised.
Nonetheless, he did reiterate his perception in cryptocurrency’s elementary function in selling private freedom.
This cautious balancing act – acknowledging crypto’s potential whereas avoiding particular token endorsements – is attribute of Musk’s current strategy to cryptocurrency discussions.
As a high-profile determine whose phrases can considerably affect markets, Musk has grow to be more and more cautious about his phrases.
