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Cardano Founder Puts an End to Elon Musk Meeting Rumors

Cardano founder Charles Hoskinson has officially denied rumors that Elon Musk’s recent interview with former President Donald Trump took place at his Wyoming ranch. The cryptocurrency community has been abuzz with speculation following Musk’s hints about the location of the high-profile interview.

On Monday, Tesla CEO and X CTO Elon Musk conducted an interview with GOP presidential candidate Donald Trump. Notably, the X Spaces interview did not touch on cryptocurrency-related topics. But before the interview, Musk teased his followers by sharing a photo of himself at a friend’s ranch in Wyoming. He revealed, “I’m doing Donald Trump Space at my friend’s ranch in Wyoming.”

Cardano founder is just joking

Speculation quickly escalated within the Cardano community, fueled by Musk’s vague description and a well-timed compliment from Hoskinson about the ranch’s atmosphere, leading many to wonder whether the two tech moguls were cultivating a deeper business relationship. Hoskinson commented on Musk’s post, saying, “Nice ranch. Like the woodwork. The guy has good taste.”

This interaction led followers, including Rick McCracken, a well-known figure in the Cardano ecosystem, to speculate about the location, implying that it might be owned by Hoskinson. McCracken commented, “What kind of wood did you use for your interior, Charles?” Hoskinson ambiguously responded that the wood was “locally sourced,” which only fueled further speculation.

However, the rumor mill was silenced when Hoskinson clarified the situation via X, stating, “Well, we all had a little fun. Musk flew to Jackson and went to Peter Thiel’s house. My ranch is in Wheatland.” This confirmation redirected the narrative, underscoring the informal nature of Hoskinson’s initial remarks.

Against the backdrop of these rumors are Hoskinson’s previous attempts to engage with Musk’s initiatives, most notably addressing the bot issues on X. During a conversation with Tony Edwards on the Thinking Crypto podcast in mid-June, Hoskinson expressed frustration with the lack of response to his outreach efforts.

“We’ve reached out numerous times to try to get different people from X on board, even offering to do free work with verified tweets or whatever, just because things are so bad right now with bots and these other things, and it’s all quiet,” he shared.

Despite Hoskinson’s personal ties to Elon Musk’s brother Kimbal, he confirmed that there was never a discussion involving Cardano or potential collaborations. “I even know Kimbal Musk and have spoken to him on several occasions […] he never had [Elon] mentioned Cardano or me or anything else,” he noted, dashing any lingering hopes within the community for an imminent partnership.

So, the new speculation had a very slim chance of being true from the start. Davide Lucchesi, an indie game developer and member of the European Cardano Community team, noted: “It would have been the weirdest thing: the guy never replied or reacted to any of your posts and comments, even when offered free coding help.”

At press time, ADA was trading at $0.3359.

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ADA Price, 1-Week Chart | Source: ADAUSDT on TradingView.com

Featured image from YouTube, chart from TradingView.com

Written by Anika Begay

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