After weeks of heated social media posts and personal attacks, Elon Musk has apologized to the U.S. President Donald Trump. On Tuesday night, the Tesla CEO admitted he had gone “too far” in his comments and said he regrets some of the recent posts he made on the President.
Source: Elon Musk X Handle
The drama between the two off when Musk made some serious claims. He said the President was behind the delay in releasing the Epstein files and even said that he would not have won the 2024 election without his assistance. The internet blew up with reactions, and Trump, along with his team, didn’t take it lightly. The Trump Elon fight started just after the latter left his government role at the DOGE, department of government efficiency.
The Public Apology
But things took a turn when Elon publicly apologized. The president responded calmly, telling a reporter he appreciated the apology. While he did not outright say he forgives Musk, Trump’s words showed less tension. On the podcast, he expressed that he does not have any hard feelings for him. Signals that they might collaborate in the future again.
Behind the Scenes
Efforts were made to cool things down. It is also speculated that Vice President JD Vance and White House chief of staff Susie Wiles approached Musk, hoping to ease the tension. Some reports also suggest that Elon may have tried calling Trump directly, though that has not been confirmed.
The fight was not just personal, it started over politics. The Tesla CEO had slammed Trump’s “Big Beautiful Bill,” calling it wasteful and unnecessary. His harsh words about the bill were part of what fueled their conflict.
Now, the president seems open to moving on. When asked if he’d be willing to make peace, he said maybe, though fixing the country is still his main goal. He admitted he was surprised by Musk’s reaction but added that he still wishes him the best.
Net Worth Boost
Following the apology, his tone became gentler. A subtle sign that he’s trying to fix the relationship. Interestingly, after his apology, the net worth of Elon rose by over $191 million, reaching a total of $411.4 billion. Investors may be reacting to the news as a sign that Elon is moving back into the good graces of Washington. Tesla’s shares have also increased after this news by 0.31%.
Source: Google Finance
What This Means for the Crypto Market
While the apology was personal, the impact could spill over into the crypto world. Musk’s role in shaping public opinion, and even markets,is well known. His tweets have moved Bitcoin and Dogecoin prices in the past. Trump, too, has shown increasing interest in crypto, especially as he eyes voter support from the digital asset community. The current crypto market cap stands at $3.39 Trillion as per the CoinMarketCap.
Provided that peace reigns between the two, we may witness less drama in politics relating to crypto regulation and potentially more positive actions on the part of Washington. This can improve the confidence of the investors and can cause the positive price movement in the upcoming weeks.
Final Thoughts
The crypto market is maintaining its position in the meantime. However, now that Musk and Trump are no longer enemies, and might even collaborate once more, the industry might be able to expect the calmer days.
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