Elon Musk, the well-known tech billionaire and owner of the X app (formerly Twitter), created quite a buzz with a new post on X. This post was in response to a clip from his recent talk with Benjamin Netanyahu, the Prime Minister of Israel, when he visited San Francisco.
In the video, Musk made a joke about the saying, ‘History is written by the victors,’ and suggested it might still be true unless the enemies were alive and had plenty of free time to edit Wikipedia. This post got a reaction from the XRP community.
XRP Fans Respond
Many XRP enthusiasts shared their thoughts in response to Musk’s post. They pointed out that Ripple had a big win in the ongoing legal battle with the United States Securities and Exchange Commission (SEC).
This year, Federal Judge Analisa Torres made a crucial decision, stating that XRP sales by Ripple on the secondary market shouldn’t be considered securities, but institutional XRP sales should be.
For Ripple and the XRP community, this ruling was a major victory, and it even led to a significant increase in XRP’s price on July 13.
One prominent member of the community, XRPcryptowolf (@XRPcryptowolf), pointed out this victory and said, ‘History is written by the victors. Ripple and the XRP community defeated the SEC.‘
— Elon Musk (@elonmusk) September 19, 2023
The Impact of Elon Musk
The XRP community has been actively trying to get Elon Musk’s attention because they believe his endorsement can boost a cryptocurrency’s value. Despite their efforts, Musk has remained dedicated to Dogecoin (DOGE).
Elon’s attention in the past has significantly impacted Dogecoin’s price, taking it to its highest point in 2021. Many still think he can influence Dogecoin’s value. Elon has even expressed a desire to become the first trillionaire through DOGE, showing his commitment to this meme coin.
Elon’s influence has also been seen with GameStop, where he caused the stock price to soar, leading to the term ‘Elon Musk effect.’ Recently, his posts about various cryptocurrencies and memes have caused significant price jumps, including AI-related cryptocurrencies and the LADYS meme coin.
Given the potential for a price surge, it’s no wonder the XRP community hopes for Elon’s attention. It remains to be seen if Elon will show interest in XRP in the future.”
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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