Scott Bessent, Treasury Secretary under Trump, criticized Elon Musk's political aspirations, urging him to focus more on business.
Scott Bessent's Critique
Scott Bessent, known for his economic and political commentary, expressed doubts about Musk’s effectiveness in politics. During a CNN appearance, he emphasized the importance of focusing on business.
Musk's Political Ambitions
Recently, Musk established the 'America Party' to challenge traditional political norms. He noted that the party would focus on select races, ignoring a broad national coalition approach, reflecting his vision for political change.
Market Reaction
Despite Musk's political activities, there has been no significant liquidity shift or price fluctuations in major cryptocurrencies like ETH, BTC, or DOGE. The discussion surrounding his political moves sparks minimal interest in the markets.
Bessent's critique underscores growing concerns about Musk's shift in focus from business to politics. The unpredictable consequences of his actions remain speculative, with minimal impact on the cryptocurrency market.
