Following an announcement by popular musician Kanye West that he would be joining few candidates running for the office of the US presidency, Telsa founder and former Dogecoin CEO Elon Musk has endorsed the candidacy of American presidential hopeful Kanye West.
The legendary singer and producer had announced his intention to run for US president in a tweet on July 4 which coincide with the independence Day of the country.
We must now realize the promise of America by trusting God, unifying our vision and building our future. I am running for president of the United States 🇺🇸! #2020VISION
— ye (@kanyewest) July 5, 2020
The tweet which stunned the social media platform was soon followed by a first major endorsement by Elon Musk who is a major proponent of cryptocurrencies.
You have my full support!
— Elon Musk (@elonmusk) July 5, 2020
Kanye West Intention excites Crypto Community
The news of Kanye West intention to run for the presidency rocked the crypto space as it made headline on several crypto news platforms. This is because of his historical acceptance of Bitcoin and the growing expectation that the crypto community needs a voice in the White House.
Back in 2018, Kanye spoke extensively about Bitcoin in an interview with American radio host ‘’Charlamagne tha God’’. He praised the idea of the leading currency and hinted that he had begun to use Bitcoin.
Blockchain technology and cryptocurrencies have faced difficulty in being accepted mainstream in the US and the present president of the country is an ardent hater of Bitcoin. A number of billionaires in the country who could also help push the adoption of cryptocurrency are also Bitcoin fault finders.
However, the presence of a Bitcoin enthusiast like Kanye West in the presidency would change things massively, and a new regulation in support of cryptocurrency may be enacted.
Musk Endorsement Could be Huge for Kanye West
Due to the popularity of Elon Musk in the United States and the fact that he’s a major tycoon in the country, he’s endorsement for Kanye West’s presidency move could be a big one for the singer. Musk is regarded as one of the top influencers within the crypto industry as he has been romancing the cryptocurrency space for some time now.
His engagement within the tech world has brought more awareness to the potentials of cryptocurrencies and blockchain technology. Newslogical reported some months back that the CEO of Tesla had an exciting engagement with legendary author JK Rowlings on cryptocurrency.
Before revealing that Dogecoin is his favourite crypotocurrency, Elon Musk at a time witting asserted that he’s the CEO of the meme coin Dogecoin. However, he retired shortly afterwards, changing his profile that he was the CEO of Dogecoin.
It is expected that Kanye West will reveal which party he would contest within the coming days.We would be covering the developments of this major news as it is expected that more crypto enthusiasts could come out and endorse the musician.