The planned meeting between Tesla CEO Elon Musk and Republican presidential candidate Donald Trump is increasing tensions in the crypto ecosystem. According to the emerging schedule, the meeting will take place on Monday at 20:00 EST (03:00 on Monday-Tuesday night, Turkey time) on the X Spaces platform.
Will cryptocurrencies be on the agenda during Elon Musk and Donald Trump’s meeting?
This interview was first announced last week, and former President Trump confirmed it on Truth Social. Many X community members believe that this meeting will be the biggest Spaces event in history. It is especially noteworthy that this interview comes at a time when Trump’s son has hinted that he will make a big crypto and DeFi announcement. Donald Trump Jr. wrote, “We are preparing something that will shake up the crypto world. Decentralized finance is the future—don’t be left behind.” This caused a huge stir in the crypto industry.
Trump’s other son, Eric Trump, also shared his newfound love for the crypto ecosystem and DeFi. It seems that the interest in crypto has taken over the family and they are not shy about sharing their feelings. From the former President launching several Non-Fungible Tokens (NFTs) to appearing at the Bitcoin Conference 2024, their interest in crypto has been quite evident. It remains to be seen whether the big news will be announced on Monday, but speculation is already high. Whether or not cryptocurrencies are present at the event, the market could see a major rally this week.
Musk and Trump meeting is generating huge anticipation
The meeting between Elon Musk and Donald Trump, two influential figures in the world of global politics and crypto, is generating huge anticipation. Beyond Bitcoin, there are many speculations about other potential topics. These could include critical topics such as technology, finance, macroeconomics, and geopolitical issues. Market watchers are currently closely following the details of possible discussions that could arise at the event.
Over the past few weeks, Americans have seen Elon Musk show great support for the former President. Just hours after he was shot in the ear in a failed assassination attempt on Trump, the Tesla CEO announced his support for the Republican Party candidate on the X platform. When that support turned out to be mutual, Trump also voiced his support for the billionaire and his businesses on the X platform.
Donald Trump interview in focus
With two of the most popular personalities in the United States and the world, Elon Musk and Donald Trump, this could be the biggest X Spaces event in the history of the social media platform. Elon Musk is expecting a huge online turnout for the interview, and so he and his team are preparing in advance. “I will be doing some system scaling tests tonight and tomorrow before my meeting with Donald Trump,” Musk wrote.
Meanwhile, the broader cryptocurrency market has recently faced a major sell-off, with Bitcoin falling another 4% to $58,500. However, other altcoins have also fallen at a similar rate, with Solana losing more than 7.5% to $143. This sell-off in the crypto market comes ahead of key economic indicators due this week. The US is set to release its Consumer Price Index (CPI) and monthly retail sales data for July. Meanwhile, US Democrats are set to launch a “Crypto for Harris” campaign.
To stay up-to-date with the breaking news, follow us on Twitter, Facebook, and Instagram. Join our Telegram and YouTube channel
Yazının devamı için Elon Musk and Trump to Meet Today! Will Cryptos Rally?