Trump- Musk Interview on August 12, 2024, Trump and Musk didn’t talk about cryptocurrencies at all. As a result, MAGA meme coins saw a big drop in value.
In a highly anticipated Twitter Spaces conversation on August 12, 2024, former President Donald Trump and Tesla CEO Elon Musk captured the attention of over a million viewers. Even though crypto enthusiasts were hoping for it, the interview between Trump and Musk didn’t discuss Bitcoin or other cryptocurrencies.
Trump-Musk Interview: No Crypto Talk!
Donald Trump did not mention Bitcoin or crypto during his interview with Elon Musk on Monday evening. The two-hour conversation covered topics like illegal immigration, the economy, AI, and global warming. The interview drew over 1 million listeners and was delayed by 45 minutes because of a “massive [distributed denial of service] attack on X,” according to Musk.
The Trump-Musk interview didn’t talk about crypto, disappointing many in the crypto community who were hoping for mentions of Bitcoin or other digital assets.
Trump-Musk Interview: Impact on MAGA Memecoins
Avoiding cryptocurrency topics had a clear impact on the market. Trump-themed MAGA meme coins, which had risen in value before the interview, dropped significantly afterward. MAGA (Trump) coins fell by 15.58%, and MAGA (MAGA) coins dropped by 27.35%.
In Trump-Musk Interview, considerable excitement and betting activity centered around the expectation that Trump might discuss crypto. Over $850,000 was bet on whether “crypto” or “Bitcoin” would be mentioned during the talk. When these topics weren’t discussed, MAGA meme coins quickly sold off as investors reacted to the missed chance.
Is Trump Planning a Major Move in Crypto?
Crypto enthusiasts are wondering if Donald Trump will make a big move in crypto after the recent drop in MAGA-themed meme coins. While his interview with Elon Musk didn’t talk about cryptocurrencies, Trump has shown interest by announcing new crypto policies at the Bitcoin 2024 conference. The crypto community is waiting to see if Trump will take any significant actions in the future.
So far, Trump hasn’t announced any major new plans for the crypto market, but it’s still unclear if he will take significant action soon.
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