With everyone excited for the most anticipated interview between Elon Musk and Donald Trump, the billionaire will put his X platform through a final stress test on Sunday night. This suggests that Musk is expecting a major surge in activity at X Spaces on Monday at 8pm EST, the interview time. Musk has said that this will be an absolutely unfiltered interview with no restrictions on the subject.
All eyes on Donald Trump's interview
With two of the most popular figures in the United States and the world coming together for an interview, this could be the biggest X-Spaces event in the history of the social media platform. Elon Musk anticipated that this interview would be conducted online and therefore prepared in advance with his team.
"Tonight and tomorrow I will be doing some system scaling testing before my conversation with Donald Trump," he wrote.
It’s unscripted and has no restrictions on subject matter, so it should be super fun!
If you have specific questions and comments, please post them in the chat.
— Elon Musk (@elonmusk) August 12, 2024
The interview could cover a wide range of topics including finance, technology, macroeconomics, crypto and other geopolitical issues. The two may also discuss the concerns lingering in the market surrounding a U.S. recession.
Elon Musk has supported Donald Trump with open arms in this presidential race. On the other hand, Trump is taking every possible opportunity to shake up the crypto industry and is not going away! Interestingly, Trump has also agreed to debate with Democratic candidate Kamala Harris next month in September.
Last week, Donald Trump Jr. said he was developing a DeFi crypto platform to address inequality in the banking sector. Thud, it’s entirely possible that the former US President will address these lines during Monday’s interview.
Crypto Market Sell-off
The broader cryptocurrency market has been facing a massive sell-off recently, with the Bitcoin price falling another 4% all the way to the $58,500 level. Other altcoins have also fallen to similar levels, with Solana falling more than 7.5% all the way to the $143 level.
The crypto market sell-off is ahead of key economic indicators this week. The US will release CPI numbers and monthly retail sales for July. On the other hand, US Democrats will launch the Crypto For Harris campaign.