Bitcoin News- Trump-Musk X Space Interview Misses Discussion on Bitcoin and Crypto
Bitcoin News- Former President Donald Trump’s interview with X CEO Elon Musk on Monday evening drew an enormous audience, but notably did not include any discussion on bitcoin (BTC) or cryptocurrency. The much-anticipated conversation, which extended over two hours, covered a wide range of subjects including illegal immigration, the state of the economy, advancements in artificial intelligence, and the pressing issue of global warming. Despite the high expectations from the crypto community and the significant interest in whether Trump would address digital assets, the topic of cryptocurrency was completely absent from the discussion.
The interview was expected to provide insights or comments on the burgeoning field of digital currencies, especially given the context of Trump’s recent engagement with crypto-related topics. However, the former president did not delve into any aspects of the cryptocurrency sector, leaving many of his supporters and observers in the crypto space disappointed. This omission was particularly notable given the substantial interest and speculation leading up to the interview, with many hoping for a direct or indirect mention of crypto assets, including bitcoin.
Technical Glitches and Betting Market Speculations
The interview, which drew in over 1 million listeners, faced significant delays due to what Musk described as a massive [distributed denial of service] attack on X. This attack, according to Musk, was intended to disrupt the broadcast and prevent the audience from hearing Trump’s remarks. Musk’s comments about the attack sparked a wave of skepticism. A report from The Verge challenged Musk’s account, suggesting there was a 99 percent chance that Musk was not truthful about the DDOS attack. The cybersecurity organization Netblocks confirmed that X Spaces was experiencing international outages but did not verify whether the disruption was caused by a DDOS attack.
In the betting world, there was considerable money placed on the expectation that Trump would mention crypto during the interview. On Polymarket, bettors had assigned a 65 percent chance to the topic being discussed, with over $600,000 wagered on this prediction. The prediction market also had a separate market for bitcoin mentions, peaking at a 69 percent probability with approximately $330,000 in stakes. Each share in these markets would pay out $1 in USDC, a stablecoin pegged to the U.S. dollar, if the prediction was correct.
Despite this heavy betting on cryptocurrency mentions, Trump did not bring up either crypto or bitcoin during the conversation. The absence of these terms led to significant losses for those who had bet on their mention. Additionally, bettors had placed over $250,000 on Trump mentioning Tesla, with the probability peaking at 79%. However, Trump avoided directly naming the electric vehicle company and instead referred to it as your cars, in a nod to Musk’s affiliation with Tesla.
Other words that had garnered betting interest included MAGA, illegal immigrant, and tampon. Trump did mention MAGA early in the interview, which was a win for some bettors. The term tampon also came up when Trump referred to Minnesota Governor Tim Walz and a law concerning feminine hygiene products. However, the term trans, which some bettors had expected Trump to use, did not appear in the conversation.
One notable bettor, identified as ‘bama1234,’ managed to walk away with just over $1 million by accurately predicting most of the words Trump did or did not use during the interview. Their largest stake was on Trump not saying crypto, which netted them $336,918. However, the bettor was less fortunate with their predictions on MAGA and trans. The mention of MAGA came true, but trans was not mentioned, leading to a partial loss on their bets.
The interview’s outcome reflects not only the complexities of predicting political conversations but also the broader challenges in managing and interpreting high-stakes bets on public events. As the debate about the interview’s content and the technical issues continues, it highlights the intersection of media, technology, and finance, where each element can significantly influence public perception and financial outcomes.
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