In Brief

During a highly anticipated Twitter Spaces conversation on Monday, former President Donald Trump and Tesla CEO Elon Musk captivated over a million viewers. Many from the crypto community tuned in, expecting cryptocurrencies to be highlighted.

Surprisingly, neither Trump nor Musk addressed the topic amid speculation and betting activity surrounding potential mentions.

Donald Trump-Themed Meme Coins Freefall

Prior to the interview, the crypto community was abuzz with anticipation. Betting platforms like Polymarket saw substantial sums wagered on whether Trump would mention “crypto” or “Bitcoin.”

Bets on the mention of “crypto” exceeded $850,000. Similarly, the likelihood of “Bitcoin” being discussed nearly attracted about $500,000 in bets, peaking at a 70% probability. Additionally, more than $500,000 was at stake on Trump mentioning “Tesla,” though he cleverly avoided the term by referring to Musk’s products as “your cars.”

“Spent three hours listening Elon and Trump space but they didn’t mention ‘crypto’,” Bitcoin enthusiast X user Naiive said.

Moreover, the lack of crypto discussion also led to a sharp decline in the value of several Donald Trump-themed meme coins. Specifically, MAGA (Trump) and MAGA (MAGA) meme coins, which had soared in value in anticipation of the interview, plummeted by approximately 15.58% and 27.35%, respectively, as the discussion unfolded.

However, some remain optimistic about Trump’s stance on cryptocurrencies.

“Trump didn’t say the words ‘Bitcoin’ or ‘crypto’ tonight, and I think that’s okay. His campaign is clearly pro-crypto. That’s enough. Too much politics in Bitcoin is distracting,” crypto entrepreneur Willem Schroe noted.

Get to know Godleak

Godleak crypto signal is a  service which provide profitable crypto and forex signals for trading. Godleak tried to provide you signals of best crypto vip channels in the world.

It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.

Godleak crypto leak service have multiple advantages in comparision with other services:

•  Providing signal of +160 best crypto vip channels in the world
• Using high tech bot to forward signals
• Without even a second of delay
• Joining in +160 separated channels on telegram
• 1 month, 3 months , 6 months and yearly plans
• Also we have trial to test our services before you pay for anything

For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features

Join for Free

☟☟☟☟☟

https://t.me/Godleakbot

Also you can check the list of available vip signal channels in the bot. by pressing Channels button.

&nbsp

The conversation spanned various topics, including illegal immigration, the economy, artificial intelligence, and global warming. However, Trump’s continued omission of crypto during events like this hints at a cautious approach. He also avoided crypto mention during the first Presidential debate in June.

Despite this reticence during public appearances, Trump’s engagement with the crypto community remains strong at more targeted events. He recently announced crypto policies at the Bitcoin 2024 conference in Nashville, which shows targeted support for the industry. This strategic approach is mirrored by the crypto industry’s support for Trump, illustrated by substantial donations at crypto-focused fundraisers.

In the wider political arena, the betting markets reflect competitive odds for the upcoming US Presidential election. Despite Trump’s backing within certain sectors, Vice President Kamala Harris currently leads in the polls. Polymarket data indicates a 52% likelihood of a Harris victory compared to Trump’s 46%.