- Crypto wasn’t talked about or mentioned through the name between Trump, Musk
- Interview was delayed after Musk claimed X was focused by a DDoS assault – Nevertheless, a Verge report cited an inner supply who claimed Tesla’s CEO was “99% mendacity”
Elon Musk has lengthy been a really vocal crypto proponent. These days, nonetheless, he hasn’t been alone, with Donald Trump now absolutely supporting the asset class too. That is extraordinary, not solely as a result of Trump is a Former U.S President working for a second time period, but additionally as a result of his newest views on cryptos are an entire pivot from these he held whereas he was within the White Home.
Again then, he known as the asset class a “rip-off,” “not actual cash,” and a “catastrophe ready to occur.” Quite the opposite, he’s now the primary U.S Presidential candidate to simply accept crypto-donations, whereas additionally giving a mainstream platform to Bitcoin mining. In actual fact, he additionally gave a keynote speech on the Bitcoin Conference in Nashville final month.
That is the rationale why many within the crypto-community anticipated Trump to say one thing concerning the asset class throughout his interview session with Tesla’s Elon Musk on X Areas. Nevertheless, that wasn’t to be.
The previous President didn’t say something about cryptocurrencies. Not one phrase. As a substitute, the interview name was an elaborate dialogue on the same old speaking factors like immigration, the economic system, AI and his rival – Vice President Kamala Harris.
Is that this dangerous information for crypto?
What does this imply although? Properly, not a lot. For Donald Trump, cryptocurrencies are merely a method to an finish – The Presidency. He understands that many crypto holders proper now are single difficulty voters, a lot of whom are usually not proud of the Biden administration’s virtually antagonistic place in opposition to the crypto-space.
Whereas Trump personally would possibly nonetheless be uncommitted or clueless (Which isn’t precisely a stretch) about crypto, he understands the worth of crypto-holders and the financial would possibly they will deliver to the desk. Because of this Trump’s marketing campaign has used the neighborhood’s skepticism of Biden to its benefit.
That’s the reason why crypto execs are meeting the Former President at his Mar-a-Lago property, whereas additionally promising to boost over $100 million for his marketing campaign.
Simply because the Former President didn’t discuss crypto throughout his interview with Musk doesn’t imply something. Whereas he in all probability nonetheless acknowledges how priceless the help of the crypto-community is, cryptos aren’t precisely a defining electoral difficulty simply but. Therefore, it wasn’t price discussing in an interview that was directed at tens of millions of different voters too.
Even so, it’s price declaring that there have been folks betting on the likelihood that crypto will get a point out through the interview name between Musk and Trump. In actual fact, in line with Polymarket, betters had been giving this chance a +65% probability, with over $800,000 staked too.
Supply: Polymarket
Evidently, it didn’t fairly work out for these guys.