Tesla billionaire and X owner Elon Musk has exploded onto the political scene in recent months as a close advisor to US President-elect Donald Trump, who has been launched a “financial market renaissance powered” by bitcoin to “unlock trillions in wealth.”
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The price of bitcoin has fallen back from its post-election high of nearly $110,000 per bitcoin. with the price expected to be weeks away from a “major” move.
NOW, as Musk issues harsh US bankruptcy warningthe Tesla billionaire changed his name to
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“It’s priceless,” Musk said, referring to how the media will report the news. job to X following its name change on the platform to Kekius Maximus.
Kekius Maximus appears to be a reference to his character in the video game Path of Exile 2, a reference to the hit film Gladiator, and a pun on the internet gaming term kek, a variation of lol (laugh out loud) originating from in South Korea and on the online game World of Warcraft.
Musk’s post cited Adrian Dittmann’s account that some speculated it might be controlled by Musk, although he denied this.
“Imagine you’re a journalist writing about Elon on X and it says: ‘Elon Musk, aka ‘Kekius Maximus’ on job.
Musk’s name change to X sent the price of the kekius maximus cryptocurrency, created in mid-December following a Musk jobup around 2,000%, highlighting Musk’s considerable influence on the bitcoin and crypto market.
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Elon Musk’s support for Trump in the run-up to November’s US presidential election has helped drive the price of bitcoin higher, with traders betting on Trump leading a pro-bitcoin and crypto administration.
Musk also campaigned against US overspending, resulting in the creation of the Doge Department Of Government Efficiency, which Musk said he believes U.S. spending could be cut by $2 trillion..
The Doge department is a nod to the shiba inu doge meme which is also linked to the cryptocurrency dogecoin, referred to by Elon Musk as his “favorite” cryptocurrency and accepted as payment by his car manufacturer Tesla, although that Tesla continues to hold around 10,000 bitcoins. $1 billion on its balance sheet.