Dogecoin co-founder Billy Markus argues the media unfairly distorts Elon Musk’s image.
Billy Markus, the co-founder of Dogecoin, has shared his thoughts on Elon Musk, defending the CEO of Tesla against what he considers to be manufactured narratives in the media.
The individual who goes by the moniker “Shibetoshi Nakamoto” on the internet, Markus, has published a series of tweets in which he asserts that Musk is one of the most approachable public people.
Furthermore, Shibetoshi asserted that the media’s spin shapes the perceptions of many people about Elon Musk. Markus argues that individuals with hidden agendas have skewed the notion that “Elon Musk is bad”. These statements come as the Dogecoin fan continues his political activity to demonstrate his support for Donald Trump ahead of the 2024 presidential election in the United States.
Elon Musk Continues Trump Endorsement As Dogecoin Creator Defends Him
Billy Markus, one of the co-founders of Dogcoin, stated in a post on X that various media outlets have skewed the public’s impressions of Elon Musk. Markus observed that the media often mischaracterizes Elon and uses his transparency as a weapon against him.
In response to the statements made by the co-founder of DOGE, the CEO of Tesla stated, “Yeah, I try to be as literal as possible”. On the other hand, Billy Markus strengthened his position by responding, “As Musk increases his involvement in Donald Trump’s campaign, the media attention on him will continue to grow.”
“It makes you an easy target for the spin machine just cuz you give them a lot of content to work with but it feels so lazy and banal of them”
Musk is reportedly going to hold two town hall meetings this week, according to reports. The CEO of SpaceX established America PAC, which will host one of the meetings over the phone on October 25, 2024, and another in person in Lancaster, Pennsylvania, on October 26, 2024.
In the course of these events, there is a high probability that Musk will talk about cryptocurrencies such as Dogecoin and XRP. During a rally that took place not so long ago, Musk brought up XRP and emphasized that cryptocurrency intrinsically encourages individual liberty.
Tesla Bitcoin Holdings Remain Intact
Elon Musk’s company, Tesla, has confirmed that its Bitcoin holdings, totaling 11,509 BTC and estimated to be worth around $765 million, have not disappeared, despite his involvement in politics. In response to rumors that circulated about a string of wallet transfers, Tesla emphasized that the transactions in question were security-related account rotations.
In addition, the company’s financial report for the third quarter of 2024 showed strong growth, and it did not sell any of its Bitcoin reserves. It was at this time that the Department of Justice issued a warning to Musk’s America PAC regarding its controversial petition effort.
The petition initiative promised a daily prize of one million dollars to encourage voter registration. This program has been subject to examination, with some individuals wondering whether or not such strategies are legitimate.
Billy Markus, the co-founder of Dogecoin, has supported Elon Musk, but he has also faced criticism, with some individuals such as Mark Cuban claiming that he has taken control of Donald Trump’s campaign. Cubans also voiced concerns about the legitimacy of Musk’s one million dollar donation to support Trump’s presidential campaign.
