Trump and Musk did not mention Bitcoin and cryptocurrencies at the X Space Summit.

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ODAILY
08-13
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This morning, Musk and former US President Donald Trump had a Space conversation on the X platform. The conversation lasted more than two hours. The X interface showed that there were up to 1.2 million people online, and Musk said in Space that more than 60 million people were listening. Space has restrictions on the number of people displayed.

Former President Donald Trump did not mention Bitcoin or other cryptocurrencies during a two-hour interview with Platform X CEO Elon Musk on Monday evening, which covered topics including illegal immigration, the economy, artificial intelligence and global warming.

The interview attracted more than 60 million listeners and was delayed for more than 45 minutes due to what Musk called a "massive distributed denial of service (DDoS) attack against X". Musk said: "This massive attack shows that many people are opposed to listening to President Trump." However, a report in The Verge questioned this, with a source saying "there is a 99% chance that Musk lied about this attack". Cybersecurity watchdog group Netblocks warned that X Spaces did experience international outages, but did not confirm whether it was a DDoS attack.

On Polymarket, punters predicted a 65% chance of "cryptocurrency" being mentioned in the interview, with over $600,000 in bets. The prediction market also added a market asking for the probability of "bitcoin" being mentioned, which peaked at 69%, with about $330,000 in bets. If the prediction comes true, each share will pay $1 in USDC (stablecoin), otherwise it will pay $0. Polymarket does not list markets that mention other digital assets such as ether, solana, or dogecoin.

Bettors have bet more than $250,000 expecting Trump to mention "Tesla" with a probability of up to 79%, but Trump avoided the word, only referring to Musk's electric car brand as "your car." Other words that punters bet on included "MAGA," "illegal immigrants," and "tampons." A user named "bama 1234" won more than $1 million in prize money by correctly betting on most of what Trump would or would not say in the interview. The user's largest bet was that Trump would not mention "crypto," cashing out $336, 918. However, he did not correctly predict that Trump would say "MAGA" (which Trump said at the beginning) or "Trans" (which the user thought Trump would say, but ultimately did not).

While crypto has become an election topic, with Trump recently announcing a crypto policy at the BTC 2024 conference in Nashville, it has remained largely unmentioned at mainstream events like the first presidential debate in June.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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