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On June 3, a glitch on the New York Stock Exchange briefly showed the price of Berkshire Hathaway stock dropping from $627,400 to $185.10. The glitch was quickly repaired and no damage was done, but a handful of memes were made from the event, earning retweets from Musk.
The two posts have collectively gathered nearly 62 million views. The comments are notable as Musk and his social media platform, X, plan to host a town hall livestream event with presidential candidate Donald Trump
While the event date and time are yet to be specified, it is expected to attract tens of millions of viewers. Recently, Trump has adopted a stronger pro-crypto stance. This, combined with Musk’s recent posts and his general affinity for crypto, could lead to a discussion about crypto at the town hall. In the event of such a discussion, it is likely to cast cryptocurrency in a positive light, potentially attracting new investors and driving prices higher.
However, the likelihood of crypto being mentioned is low, as other topics — such as Trump's recent felony convictions, foreign policy and immigration — are likely to take priority over crypto issues. Nonetheless, the event promises to be highly interesting to watch.
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