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Trump-Musk X Space Interview: Bitcoin and Crypto Go Unmentioned Despite High Expectations

by Dan K
Aug 13, 2024 - 10:15 pm
in WEB 3.0
Former President Donald Trump and Elon Musk during their X Space interview.

High Hopes for a Bitcoin Mention

On X Space, Donald Trump, former President of the United States, as well as Elon Musk, moved on to the discussion of many topics but the subject of cryptocurrency did not emerge. The interview, which lasted over two hours, delved into themes such as illegal immigration, the economy, artificial intelligence, and global warming. Nevertheless, in the Beki’s biometric manifestation and the transformation of the cyborgous biometani, there was no mention of digital coins by Trump somehow.

Betting Markets Predict Crypto Mentions

Out of no mention of Bitcoin or other cryptocurrencies was quite surprising considering Polymarket was quite active, the most popular prediction market of the prediction market category. The traders at Polymarket predicted a 65% chance that the “crypto” topic would be mentioned and bet an amount of over $600,000. Another market oriented to Bitcoin peaked at 69%, which would mean the betting of almost $330,000.

$1 in USDC, which is a dollar-pegged stablecoin, will be reimbursed to the person for each share he has bought if his prediction turns up to be correct, while he will not get anything otherwise. Those who said crypto would not be mentioned only received hefty profits in the end.

Technical Issues and Musk’s Claims

An interview which attracted over 1 million people experienced a delay of 45 minutes. Musk to the delay, “X came under a ‘Python (distributed denial of service) attack'” which would mean that there was opposition to Trump’s paint on Musk’s mind. However, this claim was met with skepticism. According to The Verge, the source said that Musk was more likely lying, “99% chance Musk was lying” about the attack in the report, while An alert from cybersecurity organization NetBlocks was confirming international outages but did not confirm the DDOS attack.

Polymarket’s Big Winners

Polymarket’s Big winners were quite sensational. It was one of the bets that paid out ¢1,000,000 to the user called ‘bama1234 who guessed all the those things. Although they had little success on “crypto,” the mention as a bad bet, they were still the gainers of $336,918.

One of the fact is that the user did lose some of the bets he made again like (picking Trump would say “Trans” but that only happened, and he also pegged the opportunity of Trump to utter, “MAGA,” which he only did at a later stage) he did it when he thought of such possibilities. It did not even come out as predicted. Another instance was when underestimation of the probability of Trump saying “MAGA” at the beginning of his introducing him to the audience was wrong

Crypto: With the Election Over Is It’s Still a Topic?

Trump revealed his Camaro in Nashville at the BTC 2024 conference and thus, a crypto policy was born as per him yesterday. However, the crypto domain is still not popularized and even today, digital money is not included in mainstream events. Not discussing cryptocurrencies in the topic of the interview is a big trend nowadays. It was not talked about in the White House all through the interview. It was clearly the case even though by now, crypto has established itself as a significant player in the election processes.

The outcome is yet to come. It is only in the form of time that 2024 comes if is election Opinions will be debated on how it will behave compared to other debates where it is a question half population only consider.

Tags: BitcoinDonaldTrumpElonMusk
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

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