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Musk Wields Chainsaw Given by Milei Before a conservative audience at the Conservative Political Action Conference (CPAC) near Washington, billionaire Elon Musk took the stage wielding a red chainsaw— a gift from Argentina’s President Javier Milei—symbolising his call for drastic federal spending cuts. He accused Democrats of “treason” and pledged support for auditing the Federal Reserve. Now regarded as one of President Trump’s most influential advisers, Musk also criticised Biden’s immigration policies, singling out an app that granted one million people two-year work permits in the US. Musk Dubs Milei’s Gift as “The Chainsaw for Bureaucracy” Earlier, Musk met with Argentine President Javier Milei, who gifted him a chainsaw engraved with “Viva la libertad, carajo” (“Long live liberty, damn it”). Musk dubbed it “the chainsaw for bureaucracy” and jokingly remarked that Salvadoran President Nayib Bukele was concerned for his safety. 🚨NEW: Elon Musk comes out on stage at CPAC 2025 and is presented a golden chainsaw by Argentinian President, Javier Milei, and yells, “THIS IS THE CHAINSAW FOR BUREAUCRACY!” 🔥 pic.twitter.com/Rms8WujLZV — Autism Capital 🧩 (@AutismCapital) February 20, 2025 When asked about his mindset, Musk—sporting his signature black hat and sunglasses—simply described it as "a storm." Following Musk on stage, Steve Bannon received a more subdued response. He joked: “How did I draw the card to follow Elon Musk? I’m just a crazy Irishman!” Meanwhile, Musk is spearheading sweeping government cuts under President Donald Trump, affecting agencies from banking regulators to forest services and space programmes. On Thursday alone, 6,000 IRS employees were reportedly notified of their termination. As CEO of Tesla and the world’s richest man, Musk has openly championed Milei’s aggressive stance on reducing government size. Before becoming Argentina’s president in late 2023, Milei famously wielded a chainsaw at campaign rallies to symbolise his economic reforms. But as Musk brandished his own gifted chainsaw on stage, was it a bold statement against bureaucracy or just another political spectacle?

Cardano was in a tight range at a crucial support level after Charles Hoskinson made a case for the network and its token. Cardano ( #ADA ) was trading at $0.80, down by over 40% from its highest level in December last year. The coin wavered after Hoskinson, its founder, blasted Ethereum and Solana in a long YouTube interview. In it, he noted that its biggest differentiating factor was that it was working on integrating with Bitcoin — a move that he believes is an unexplored $2 trillion opportunity. He said: “Somebody is going to crack it. We will work on it hard as we aim to be the Decentralized Finance or DeFi layer of the Bitcoin network. I don’t think it Ethereum (ETH) and Solana (SOL) have what it takes to achieve this.” Hoskinson’s interview came a few months after Cardano announced a partnership with BitcoinOS.This integration is expected to be activated in the next few months. Cardano is not the first blockchain to create a Bitcoin layer. Core, a layer-2 for Bitcoin’s ecosystem, has attracted 53 developers and a total value locked of $626 million. Stacks (STX) has 12 dApps and $104 million in assets. Hoskinson also criticized Ethereum for promoting layer-2 networks, which have taken its users. L2 networks like Base, Arbitrum, and Optimism have become key players in the Ethereum network, handling transactions worth billions of dollars. These L2 networks are popular because of their lower transaction fees and the fact that they leverage Ethereum’s security. He also blasted Solana, a highly popular Cardano competitor, arguing that it cannot survive, especially when data moved in its ecosystem surges. Hoskinson’s interview came a week ahead of his so-called VIP meeting. Crypto analysts anticipate it will be X owner Elon Musk. #ADA #Cardano

Robert Kiyosaki, author of Rich Dad Poor Dad, raised concerns about the U.S. economy after questioning the possibility of missing gold reserves at Fort Knox in a post on social media platform X on Feb. 22. His book, which has sold over 32 million copies, has been translated into more than 51 languages and remained on The New York Times bestsellers list for over six years. “What if? What if Trump finds gold in Ft. Knox is missing?” he questioned. “I doubt gold is missing. I want to believe gold is there. But what if gold is missing?” The famous author warned: The U.S. economy would collapse. The dollar would crash. The world would be in chaos. And inflation would wipe out millions of people, families, and businesses. Recent discussions have emerged regarding the status of gold reserves at Fort Knox. President Donald Trump, during a recent speech, expressed intentions to visit Fort Knox with Elon Musk to verify the presence of the nation’s gold reserves. This follows Musk’s social media posts questioning the security of the gold stored there. The secrecy surrounding Fort Knox continues to fuel public speculation and calls for increased transparency. To mitigate the risk of missing gold reserves at Fort Knox, Kiyosaki highlighted his preference for alternative assets, stating: Just in case gold is missing… I own gold, silver, and bitcoin. The U.S. dollar will be toilet paper. Silver will be king. The acclaimed author’s stance reflects his long-standing skepticism of fiat currency and belief in hard assets as protection against economic instability. He has frequently warned of the potential collapse of the U.S. dollar and encourages people to prepare accordingly. In addition to financial security, he has also suggested individuals consider personal safety measures. His message concluded with a reminder to remain vigilant and think critically about economic risks, urging people to ask themselves: “What if?” 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

Cardano was in a tight range at a crucial support level after Charles Hoskinson made a case for the network and its token. Cardano (ADA) was trading at $0.80, down by over 40% from its highest level in December last year. The coin wavered after Hoskinson, its founder, blasted Ethereum and Solana in a long YouTube interview. In it, he noted that its biggest differentiating factor was that it was working on integrating with Bitcoin — a move that he believes is an unexplored $2 trillion opportunity. He said: “Somebody is going to crack it. We will work on it hard as we aim to be the Decentralized Finance or DeFi layer of the Bitcoin network. I don’t think it Ethereum (ETH) and Solana (SOL) have what it takes to achieve this.” Hoskinson’s interview came a few months after Cardano announced a partnership with BitcoinOS. This integration is expected to be activated in the next few months. Cardano is not the first blockchain to create a Bitcoin layer. Core, a layer-2 for Bitcoin’s ecosystem, has attracted 53 developers and a total value locked of $626 million. Stacks (STX) has 12 dApps and $104 million in assets. You might also like: Bitcoin price steady as Nasdaq 100, S&P 500, SCHD retreats Hoskinson also criticized Ethereum for promoting layer-2 networks, which have taken its users. L2 networks like Base, Arbitrum, and Optimism have become key players in the Ethereum network, handling transactions worth billions of dollars. These L2 networks are popular because of their lower transaction fees and the fact that they leverage Ethereum’s security. He also blasted Solana, a highly popular Cardano competitor, arguing that it cannot survive, especially when data moved in its ecosystem surges. Hoskinson’s interview came a week ahead of his so-called VIP meeting. Crypto analysts anticipate it will be X owner Elon Musk. Cardano price forecast ADA price chart | Source: crypto.news The weekly chart shows that ADA price peaked at $1.32 in November last year and then retreated. Its upper side was a crucial level since it coincided with the 38.2% Fibonacci Retracement level. Cardano then retreated to $0.524 as it moved to form the second phase of the Elliot Wave pattern. This phase is usually followed by the third one, which is usually bullish and the longest. You might also like: 4 reasons Pi Network price crashed after mainnet launch Cardano remains above the 50-week moving average, a sign that bulls are in control. Therefore, the coin will likely bounce back as bulls target last year’s high of $1.32, up by 70% from the current level. You might also like: Crypto industry rallies behind Bybit, responds to $1.4b breach

Argentine President Javier Milei isn’t wasting any time trying to cozy up to the U.S. on trade—he took his case straight to a conservative crowd just outside Washington, making it crystal clear that he wants Argentina at the front of the line for a free trade agreement. According to Bloomberg , Milei spoke at the Conservative Political Action Conference (CPAC), and played to the audience by referencing President Donald Trump’s stance on reciprocal tariffs. The crowd ate it up. But there’s a catch: Argentina’s membership in Mercosur, the South American trade bloc, is putting a damper on his ambitions. “I want to take this chance to announce that Argentina wants to be the first country in the world to join this reciprocal accord that the Trump administration proposed on trade matters,” Milei said. “If we were not restricted by Mercosur, Argentina would already be working on a mutually beneficial free trade deal with the United States.” Milei, 54, has made no secret of his admiration for Trump, 78. During his speech, Milei doubled down on his commitment to slashing government bureaucracy, just as Trump and Elon Musk have done through the newly formed Department of Government Efficiency. Trump, in return, gave Milei a shoutout in his own speech later that day, before the two met for a sit-down that might have offered the Argentine leader a brief break from domestic headaches. The Libra controversy recently landed Milei in hot water. Federal prosecutor Eduardo Taiano is reportedly sniffing around Milei’s recent endorsement of the meme coin on social media. Per La Nación, an investigation request has been filed. Libra fell 90% in value after Milei hyped it up. Similarly, Trump’s meme coin, Official Trump ( TRUMP ), is currently down over 78% from its all-time high . But Milei didn’t just spend his Washington trip talking trade and crypto drama—he also squeezed in meetings with Musk and International Monetary Fund chief Kristalina Georgieva. With Georgieva, the focus was on Argentina’s ongoing IMF debt deal, a crucial piece of his economic puzzle. Whether Milei gets his wish for a U.S.-Argentina trade pact remains to be seen, but one thing is clear: he’s putting himself in the spotlight, whether on stage, online, or across the negotiating table.