- Donald Trump did not discuss Bitcoin or other cryptocurrencies during his interview with Elon Musk, despite high speculation
- Bettors on Polymarket had bet heavily on the mention of crypto and Bitcoin, but saw significant losses.
- The interview faced delays due to a reported DDOS attack on X, though some sources question the legitimacy of this claim
Hey, did you catch Donald Trump’s interview with Elon Musk on X? It was a long chat—over two hours!—covering tons of hot topics, but surprisingly, Bitcoin and crypto didn’t make the cut.
Instead, the interview was delayed by over 45 minutes due to what Musk called a “massive DDoS attack” on X. Here’s the scoop on what went down and how the betting markets reacted.
Trump’s Interview Highlights and Unexpected Delays
So, Donald Trump didn’t bring up Bitcoin (BTC) or crypto during his talk with Elon Musk on X last night. The interview, which stretched over two hours, covered various topics like illegal immigration, the economy, AI, and climate change.
It pulled in over a million listeners but got delayed by more than 45 minutes. Musk claimed it was due to a “massive DDoS attack” on X. Musk said this attack was proof of strong opposition to people just hearing what Trump had to say.
However, The Verge raised doubts about this, suggesting there was a “99% chance Musk was lying” about the attack. Netblocks, a cybersecurity group, noted that X Spaces faced global disruptions but didn’t confirm it was a DDoS attack.
Betting Markets and Predictions on Crypto Mentions
On Polymarket, bettors thought there was a 65% chance that “crypto” would be mentioned during the interview, with over $600,000 staked on this. There was also a market for whether “Bitcoin” would come up, which peaked at 69% with around $330,000 in play. Each bet pays $1 in USDC (a stablecoin pegged to the US dollar) if the prediction is correct, otherwise, it’s worth nothing.
Polymarket didn’t cover markets for other digital assets like ether, Solana, or Dogecoin. Bettors had wagered over $250,000 on Trump mentioning “Tesla,” with a peak of 79%, but Trump avoided the term, referring to Musk’s electric vehicles as “your cars” instead.
Other words bettors had their money on included “MAGA,” “illegal immigrant,” and “tampon,” all of which Trump did mention during the interview. One user, “bama1234,” walked away with just over $1 million by correctly betting on most of the words Trump said or didn’t say.
The highest stake was on Trump not saying “crypto,” which earned the user $336,918. The user didn’t bet right on “MAGA” or “Trans,” which Trump did and didn’t say, respectively.
Even though crypto has become a hot topic in politics, with Trump making headlines at the recent BTC 2024 conference in Nashville to announce his crypto policies, it still didn’t make the cut during big events like the first presidential debate in June.
Conclusion
So, Trump skipped the crypto talk in his interview with Musk, leaving Polymarket bettors with some busted predictions. Even though cryptocurrencies are a hot topic in elections, they’re still not making waves at major events. Who knows what the future holds, but for now, the crypto world will have to hang tight.
Thanks for tuning in, and see you next time for more updates!
