Trump angrily criticized Musk: Is this huge shock in the cryptocurrency circle not over yet?
Trump and Musk have been quarreling recently, and it is not just a melon-eating game, but has begun to have a real impact on the US stock market and the cryptocurrency circle.
👇 Let's quickly sort out the whole story:
Trump has made a "Big American Bill" to cut subsidies for electric vehicles and destroy Musk's job.
Musk got anxious and started to criticize on X:
"Without me, he can't win 2024!"
"This is one of the most disgusting bills in history!"
Trump didn't tolerate it either, and responded:
"The contracts of SpaceX and Starlink can be canceled, I have plenty of ways."
He also threatened to withdraw the nomination of Musk's ally, NASA Administrator.
🧨The market exploded immediately: $TSLA fell more than 15% in two days. Trump Media Company $DJT fell 7.3%. Nasdaq fell 0.7%. $DOGE fell 8.64%, $BTC fell 3.07%. Here comes the point: the impact on the currency circle is far more than just falling! 1⃣ Musk is deeply bound to Dogecoin. Once he and the government fall out, the policy of Dogecoin will be in danger. Considering his payment plan with the X platform, once sanctioned, the risk will rise sharply. 2⃣ The hedging game of fiscal flooding vs. policy suppression of encryption begins. Trump has to rely on fiscal stimulus to re-populate. If the Federal Reserve cooperates, the US Treasury bond interest rate will continue to rise, and the capital side of risky assets (such as BTC) will be under pressure.
3⃣ Memecoins usher in a new theme wave:
This incident also gave birth to a coin called $KBBB (Kill Big Beautiful Bill), which reached a market value of 53.12 million US dollars two days after its launch. The hot money in the market is watching the secondary fermentation of political events.
📉Conclusion:
Behind this conflict is the formal tearing of technology capital and political forces. If the situation continues to escalate, it is not ruled out that more technology stocks and even Web3 sectors will be affected.
🧠Recommendations for attention:
Trump's next sanctions against Musk (such as freezing contracts and restricting payments)
Will Musk "add to the encryption" and make the currency circle a bargaining chip for confrontation
The linkage between Bitcoin and technology stocks, if the Nasdaq breaks, BTC is likely to follow the decline
