Former President Donald Trump is set to reappear for the first time since 2021 on X (formerly Twitter) for a live interview with Elon Musk at 8.00 p.m. ET on Monday.
What Happened: According to Musk, the interview will be unscripted with no limits the subjects discussed.
A market on Polymarket titled "What will Trump say during Elon interview?" has racked up over $1.2 million in trading volume at the time of writing. The most favored terms by bettors include Maga (75%), Tesla (74%), crypto (66%) and illegal immigrant (69%).
Also Read: A Donald Trump Win Could Be Seen As Bullish, Harris Victory As Bearish For Crypto: Bernstein
Why It Matters: Donald Trump’s return to X has spiked interest in the Trump-themed Maga Memecoin TRUMP/USD, whcih is up 9% on the day. The meme coin’s profile tweeted that the "great return of TRUMP starts today."
Another crypto trader believes Bitcoin will also pump on the interview. He stated that Bitcoin buyers have stepped in pushing prices to the daily fair value gap and commented, "A bounce here could set us up to fill the CME cap. Will we see a new Monday high?"
He noted key levels of $61,000 as the CME cap price, $58,700 as the weekly open, and $56,500 as the next support.
What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
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