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Introduction: The Interview That Everyone Really Expects
During the evening of a Monday, former President Donald Trump took part in an interview with Elon Musk, who is the Chief Executive Officer of X. However, despite widespread speculation, the two-hour conversation did not touch on Bitcoin (BTC) or any other cryptocurrency mentioned in the conversation. An audience of over one million people listened to the interview, which covered a wide range of topics, including illegal immigration, the economy, artificial intelligence, and global warming.
Could it be a DDoS attack or a technical glitch?
In response to the delay of the interview, which lasted for more than forty-five minutes, Musk stated that it was because of a “massive distributed denial of service (DDoS) attack on X.” Musk made the suggestion that this alleged attack was an attempt to prevent people from listening to what Trump had to say. This assertion, on the other hand, was called into question by a report published by The Verge, which cited a source who questioned the veracity of Musk’s assertion. In addition, the distributed denial of service (DDoS) attack was not confirmed by the cybersecurity organization NetBlocks, which reported international outages on X Spaces.
This is the response of the cryptocurrency prediction market.
Bettors placed significant wagers on Polymarket regarding whether or not Trump would mention the terms “crypto” or “Bitcoin” during the interview on the platform. At first, the odds were favorable for such a mention, with a probability of 65% for the term “crypto” and 69% for the term “Bitcoin.” On the other hand, Trump did not mention either of these subjects, which resulted in a significant drop in the odds and disappointment for a great number of bettors.
The Concentration of Trump and the Gains of Bettors
Despite his previous involvement in the cryptocurrency community, such as his attendance at the BTC 2024 conference, Trump refrained from discussing cryptocurrencies throughout the entirety of the interview. Trump, on the other hand, centered his attention on issues such as illegal immigration and international relations. ‘bama1234,’ a user on Polymarket, made a significant profit by wagering that President Trump would not mention the word “crypto,” and they made more than $336,000.
The DDoS claims made by Musk are being investigated.
Musk reaffirmed his assertion that a distributed denial of service attack had occurred, stating that technical problems were the cause of this disruption. In spite of the difficulties, approximately 120,000 users were able to participate in the stream, which eventually began at approximately 8:30 p.m. Eastern Time. Afterwards, Musk defended his actions by stating that the attack was a demonstration of opposition to the speech that Trump had given.
Warning from the European Union Commissioner to Musk
In a letter that was sent to Musk prior to the interview, Thierry Breton, the EU Commissioner for Internal Market, provided him with a warning to comply with EU laws. He expressed his concerns that the interview could potentially amplify harmful content. Linda Yaccarino, the CEO of X, expressed her disapproval of Breton’s letter, describing it as a “unprecedented attempt” to apply European laws to political activities in the United States. She also suggested that the letter undermined the ability of European citizens to form their own opinions.
Conclusion
The topic of cryptocurrency was not even mentioned once during the interview, despite the fact that there was a lot of anticipation and significant bets placed on Trump mentioning it. The crypto community is left wondering about Trump’s position on digital assets and how it might influence future discussions as a result of this omission.
Disclaimer
This is just meant to be information; it is not financial or investment advise. Unexpected changes in market conditions mean that before making any financial decisions, one must carefully study and consult a professional.
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