Looking back at this 2021 thread is pretty interesting given what's happened since then. The Doge SNL appearance feels like ancient history now that we've seen Musk's full playbook with X/Twitter payments and the whole CBDC situation.
Let's be real - Musk has always played both sides of crypto. Remember Tesla's Bitcoin flip-flop? Now he's pushing for X payments while Trump's executive order about CFPB oversight is making waves in the payment space. Classic case of big players using crypto when it suits their agenda.
The CFPB order is particularly spicy timing considering X's payment ambitions. You've got Musk trying to build his "everything app" payment system while regulatory pressure is ramping up. Almost feels like 2021's Doge pump was just a test run for what's happening now.
Bottom line: Follow what they do, not what they tweet. The real story is always in the regulatory moves and business plays, not the memes.
This only seemed to add fuel to his fire. This SNL skit seemed to be the begin of him talking about cryptocurrencies infront of a global audience.
Having played both sides is a very smart move at a tactical standpoint.
It allows him to pivot at the first sense of resistance to what he is trying to put fourth in his arguments.
This also keeps his name in the headlines on all major media outlets worldwide, including his own X.
The latest one that caught my eye was "Musk demolishes regulatory constraints of payments through X!"
Which is a very statement to say the least because this is what he has been fighting for ever since he announced it was eventually coming.