Elon Musk and Bitcoin: A toxic relationship

Cointelegraph

Published Jul 09, 2021 10:21AM ET

Updated Jul 09, 2021 12:00PM ET

On July 8, Max Keiser and Stacy Herbert hosted an Elon Musk-inspired show in Austin, Texas. Aptly named “F*ck Elon,” the event, which included a large number of Bitcoin (BTC) maximalists, was surely a rowdy affair. Keiser is known for many things, but restraint is not necessarily one of them.

Although we can debate the merits of such a provocatively titled party, Musk’s divisiveness is certainly not up for debate. Earlier this year, the Bitcoin community — including the maximalists — were vocal supporters of Musk. He saw value in Bitcoin and Bitcoin saw value in Musk, one of the most influential people on the planet. In many ways, it was a match made in heaven.

John Mac Ghlionn is a researcher and cultural commentator. His work has been published by the likes of Bitcoin Magazine, The New York Post, The Sydney Morning Herald and National Review.

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