{"id":16053,"date":"2024-08-13T13:24:15","date_gmt":"2024-08-13T10:24:15","guid":{"rendered":"https:\/\/forklog.com\/en\/trumps-interview-with-musk-omits-cryptocurrency-meme-token-market-declines\/"},"modified":"2024-08-13T13:24:15","modified_gmt":"2024-08-13T10:24:15","slug":"trumps-interview-with-musk-omits-cryptocurrency-meme-token-market-declines","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/trumps-interview-with-musk-omits-cryptocurrency-meme-token-market-declines\/","title":{"rendered":"Trump&#8217;s Interview with Musk Omits Cryptocurrency, Meme Token Market Declines"},"content":{"rendered":"<p>On August 13, Donald Trump, the Republican presidential candidate, gave an interview to entrepreneur Elon Musk on the platform X. Prior to the interview, the social network was subjected to a massive <a href=\"https:\/\/x.com\/elonmusk\/status\/1823152153445404990\">DDoS attack<\/a>, according to Musk. The broadcast attracted around 1.3 million viewers.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Listen live! <a href=\"https:\/\/t.co\/BmsfJto4sW\">https:\/\/t.co\/BmsfJto4sW<\/a><\/p>\n<p>\u2014 X (@X) <a href=\"https:\/\/twitter.com\/X\/status\/1823174348577833157?ref_src=twsrc%5Etfw\">August 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The conversation began with Trump recounting an assassination attempt he survived at a rally in Butler, Pennsylvania, on July 13.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;It was unpleasant. [&#8230;] It was a miracle that I tilted my head at a different angle. When we lay on the floor, bullets continued to fly over us. [&#8230;] I realized the wound was not serious and I wanted to get up to show I was okay,&#8221; he said.<\/p>\n<\/blockquote>\n<p>He attributed the incident to insufficient coordination among law enforcement agencies\u2014the Secret Service reacted quickly but could not prevent the situation.<\/p>\n<p>Trump outlined his policy proposals on illegal immigration, promising &#8220;the largest deportation in the history of this country.&#8221; He blamed current U.S. President Joe Biden for global wars and inflation, adding that Kamala Harris is &#8220;just as bad.&#8221;<\/p>\n<p>Trump expressed the need to lower energy prices while praising Tesla electric vehicles as a &#8220;magnificent product.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;I learned that AI, which you are a big fan of, requires twice as much energy as our country produces. We will have to increase production to compete with China in this sector,&#8221; Trump noted.<\/p>\n<\/blockquote>\n<p>Musk, in turn, suggested creating a &#8220;government efficiency commission,&#8221; which he could lead. The politician supported the idea.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;You definitely have a prolific mind, Elon. We can talk about tunnels, rockets, electric cars, and much more. Now you&#8217;ve taken on AI, and it will be another beauty,&#8221; Trump remarked at the end of their conversation.<\/p>\n<\/blockquote>\n<p>After the broadcast, Musk invited Kamala Harris for a similar interview.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Happy to host Kamala on an ? Spaces too<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1823217769229566251?ref_src=twsrc%5Etfw\">August 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Harris&#8217;s campaign responded to the broadcast, accusing Trump of extremism and the danger of his program.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Our statement on\u2026 whatever that was <a href=\"https:\/\/t.co\/bOZfUu8rbk\">pic.twitter.com\/bOZfUu8rbk<\/a><\/p>\n<p>\u2014 Kamala HQ (@KamalaHQ) <a href=\"https:\/\/twitter.com\/KamalaHQ\/status\/1823194536983556377?ref_src=twsrc%5Etfw\">August 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Trump&#8217;s entire campaign is aimed at serving people like Elon Musk and himself\u2014self-absorbed rich people who will sell out the middle class and can&#8217;t even run a live stream in 2024,&#8221; they wrote.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\"><strong>Not a Word on Crypto<\/strong><\/h2>\n<p>During the conversation, neither the politician nor the businessman mentioned cryptocurrencies, despite community expectations. The prediction platform Polymarket <a href=\"https:\/\/polymarket.com\/event\/what-will-trump-say-during-elon-interview?tid=1723514103927\">opened a series of bets<\/a> on specific words Trump might say.<\/p>\n<p>65% of users wagered over $600,000 on the mention of &#8220;cryptocurrencies,&#8221; and 69% bet about $330,000 on &#8220;bitcoin.&#8221;<\/p>\n<p>A bet of more than $250,000 on the word &#8220;Tesla,&#8221; supported by 79%, did not pay off. Trump referred to Musk&#8217;s electric car brand as &#8220;your cars.&#8221;<\/p>\n<p>The largest win, over $1 million, went to a user named <a href=\"https:\/\/polymarket.com\/profile\/0xe5c8026239919339b988fdb150a7ef4ea196d3e7\">bama124<\/a>. He correctly predicted that Trump would not say &#8220;cryptocurrency,&#8221; earning $336,918.<\/p>\n<p>In anticipation of the interview, political meme tokens referencing Trump showed significant growth. Specifically, <a href=\"https:\/\/www.coingecko.com\/ru\/%D0%9A%D1%80%D0%B8%D0%BF%D1%82%D0%BE%D0%B2%D0%B0%D0%BB%D1%8E%D1%82%D1%8B\/maga-hat\">MAGA Hat<\/a> (MAGA) rose nearly 50%, <a href=\"https:\/\/www.coingecko.com\/ru\/%D0%9A%D1%80%D0%B8%D0%BF%D1%82%D0%BE%D0%B2%D0%B0%D0%BB%D1%8E%D1%82%D1%8B\/maga-fight-for-trump\">MAGA: Fight for Trump<\/a> (TRUMPCOIN) by 30%, <a href=\"https:\/\/www.coingecko.com\/ru\/%D0%9A%D1%80%D0%B8%D0%BF%D1%82%D0%BE%D0%B2%D0%B0%D0%BB%D1%8E%D1%82%D1%8B\/dark-maga\">Dark Maga<\/a> (DMAGA) by 15%, and <a href=\"https:\/\/www.coingecko.com\/ru\/%D0%9A%D1%80%D0%B8%D0%BF%D1%82%D0%BE%D0%B2%D0%B0%D0%BB%D1%8E%D1%82%D1%8B\/maga\">MAGA<\/a> (TRUMP) by 12.7%.<\/p>\n<p>However, they soon plummeted in value. The token DMAGA showed the largest decline at 41.63%.<\/p>\n<p>The meme coin <a href=\"https:\/\/coinmarketcap.com\/ru\/currencies\/elon-trump\/\">Elon Trump<\/a> (ET), created in the spring of 2024, remains in the positive with an 11.13% increase.<\/p>\n<p>In recent months, Donald Trump has positioned himself as a &#8220;crypto president,&#8221; promising industry support and regulatory policy changes. He accepts donations in digital currencies, proposes paying off national debt with bitcoin, and aims to make the U.S. a &#8220;mining superpower.&#8221;<\/p>\n<p>Kamala Harris has not yet publicly commented on cryptocurrencies, but industry representatives have launched a campaign in her support.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 13, Donald Trump, the Republican presidential candidate, gave an interview to entrepreneur Elon Musk on the platform X. Prior to the interview, the social network was subjected to a massive DDoS attack, according to Musk. The broadcast attracted around 1.3 million viewers. Listen live! https:\/\/t.co\/BmsfJto4sW \u2014 X (@X) August 13, 2024 The conversation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[991,1217,1638,1161,842],"class_list":["post-16053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-donald-trump","tag-elon-musk","tag-kamala-harris","tag-memes","tag-politics"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16053"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16052"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}