Former President Donald Trump is set to make his long-awaited return to the social media platform X (formerly Twitter) on Monday evening. He will be featured in a live interview with Elon Musk, the platform’s new owner, at 8:00 p.m. ET.
The interview is expected to be unscripted and wide-ranging, promising a potentially captivating and unpredictable conversation. Musk has encouraged viewers to submit questions and comments via the platform’s chat feature.
The anticipation surrounding the interview has already sparked activity in the crypto market. A prediction market on Polymarket, titled “What will Trump say during Elon interview?”, has generated over $1.2 million in trading volume. The most popular predictions among bettors include “Maga” (75%), “Tesla” (74%), “crypto” (66%), and “illegal immigrant” (69%).
The TRUMP/USD memecoin, which is themed around Trump’s political movement, has surged 9% on the day, likely driven by excitement surrounding the former president’s return to the platform. One crypto trader, referencing the memecoin’s profile, commented, “The great return of TRUMP starts today.”
Other crypto traders believe Bitcoin is also poised for an upward movement during the interview. Some traders have observed Bitcoin buyers pushing prices toward the daily fair value gap, suggesting a potential bounce that could push prices towards the CME cap at $61,000.
The influence of Bitcoin as a significant institutional asset class is expected to be a key topic at the upcoming Benzinga Future of Digital Assets event on November 19.
This interview is sure to be a significant event, attracting a large audience and potentially influencing both the political and financial landscape.
