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YEREVAN (CoinChapter.com) — In an interview on X, former President Donald Trump spoke with Elon Musk, attracting over 1 million listeners. The two-hour conversation, delayed by more than 45 minutes, covered topics like illegal immigration, the economy, artificial intelligence, and global warming. Despite expectations, Trump did not mention cryptocurrency.
Trump-Musk Live on X: A Presidential Exchange. Source: TheWakeninq
Musk, X’s CEO, said the delay was due to a “massive distributed denial of service (DDoS) attack on X.” He suggested this was an attempt to prevent people from hearing Trump. However, a report from The Verge questioned this, citing a source who stated there was a “99 percent chance Musk was lying” about the attack. Netblocks, a cybersecurity organization, noted international outages on X Spaces but did not confirm if these were due to a DDoS attack.
Trump Dodges Crypto and Tesla, Leaving Bettors Surprised
Before the interview, Polymarket bettors were confident Trump would mention cryptocurrency. Over $600,000 was staked on the possibility of Trump discussing “crypto,” with the odds peaking at 65 percent. Another market for the word “Bitcoin” saw approximately $330,000 in bets, with odds reaching 69 percent.
Despite the strong betting, Trump did not mention Bitcoin or any other cryptocurrency during the interview. Bettors had also placed over $250,000 on Trump saying “Tesla,” with a peak of 79 percent. However, Trump avoided the word by referring to Tesla as “your cars” while speaking to Musk.
This omission was surprising since Trump had appeared at the BTC 2024 conference in Nashville earlier this year, where he announced his crypto policy. Still, the topic did not come up during this interview.
Polymarket Bettor Wins Big by Predicting Trump’s Crypto Silence
A Polymarket user named ‘bama1234’ won over $1 million after correctly betting on most of the words Trump did or did not say during the interview. Their largest payout came from betting that Trump would not mention “crypto,” earning them $336,918.
bama124’s Polymarket Success: Over $964K in Profits. Source: Polymarket
However, ‘bama1234’ did not win on all their bets. They incorrectly predicted Trump would say “MAGA,” which he did early in the conversation, and “Trans,” which Trump did not mention. Despite this, ‘bama1234’ still made a significant profit by correctly betting on other words like “illegal immigrant” and “tampon.”
Trump’s avoidance of cryptocurrency discussions during mainstream events like this interview and the first presidential debate in June has been noted, especially considering the strong betting activity around the topic.
Bitcoin Stays Strong at $59K Despite Trump’s Silence
The price of Bitcoin reached $59,261.74, showing an increase of 1.17% for the day. Despite Donald Trump not mentioning Bitcoin during his interview with Elon Musk, the cryptocurrency’s price remained stable and even saw a slight uptick.
This suggests that Trump’s omission did not negatively impact Bitcoin’s value, as the market continued to perform positively, with a noticeable increase in trading volume (up 46.22% in the last 24 hours). The market cap also rose by 1.45%, indicating overall strength and resilience in the Bitcoin market, unaffected by the lack of mention from Trump
Bitcoin Holds Strong: $59K Amid Trump’s Silence. Source: CoinMarketCap
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