In a extremely anticipated interview on Monday night, former President Donald Trump spoke with Elon Musk, CEO of X, for over two hours, protecting subjects starting from unlawful immigration to the economic system, synthetic intelligence and world warming.
Nonetheless, regardless of excessive expectations and vital wagers, Trump didn’t point out Bitcoin BTC/USD or cryptocurrency in the course of the dialogue.
What Occurred: The interview, which attracted over 1 million listeners, was delayed by greater than 45 minutes, Coindesk reported.
Musk attributed the delay to a “huge [distributed denial of service] assault on X,” a declare that has been met with skepticism.
Whereas Musk steered that the assault was an try to forestall Trump from talking, a supply from The Verge disputed this, suggesting there was a “99 % probability Musk was mendacity” concerning the assault.
Cybersecurity group NetBlocks reported worldwide outages on X Areas however didn’t verify the incidence of a DDoS assault.
Within the lead-up to the interview, prediction markets on Polymarket had been abuzz, with bettors inserting over $600,000 on the chance that Trump would point out “crypto” in the course of the dialog.
The likelihood of a point out peaked at 65%, whereas one other market particularly specializing in “Bitcoin” noticed odds rise to 69%, with round $330,000 wagered.
Polymarket additionally hosted markets on different potential phrases Trump may use, equivalent to “Tesla,” “MAGA” and “unlawful immigrant,” resulting in vital hypothesis and betting exercise.
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One bettor, utilizing the deal with ‘bama1234,’ managed to stroll away with over $1 million by appropriately predicting most of the phrases Trump did or didn’t say in the course of the interview.
Their largest win got here from betting that Trump wouldn’t point out “crypto,” incomes them a payout of $336,918.
Nonetheless, the bettor miscalculated on different predictions, equivalent to Trump mentioning “MAGA,” which he did early within the interview, and “Trans,” which Trump didn’t carry up.
Whereas Trump has engaged with the cryptocurrency neighborhood prior to now, notably showing on the Bitcoin 2024 convention in Nashville to debate crypto coverage, the subject stays conspicuously absent from mainstream occasions like this interview and the primary presidential debate in June.
What’s Subsequent: Because the intersection of cryptocurrency and politics continues to evolve, these points are anticipated to be a big focus at Benzinga’s Way forward for Digital Property occasion on Nov. 19, the place business consultants will delve into the implications of digital property within the political area.
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