#TrumpVsMusk
The dynamics between Donald Trump and Elon Musk, and their respective impacts on the cryptocurrency market, have recently become an important point of discussion. Although both are highly influential figures, their approaches and influences on cryptocurrencies can differ.
Recent developments and the impact of "Trump vs. Musk":
* Market Conflict and Volatility (June 2025): There was a public conflict between Trump and Musk, allegedly linked to disagreements over policies like the "One Big Beautiful Bill Act" and tariffs. This dispute caused significant market volatility, with Bitcoin experiencing price declines and outflows from Bitcoin ETFs. Tesla's shares also saw a notable decline, further impacting the technology and cryptocurrency markets.
* Bitcoin Decline: The Trump-Musk conflict, combined with other macroeconomic factors and profit-taking by long-term Bitcoin holders, contributed to Bitcoin falling below key support levels, with some analysts even predicting a potential drop to $4,985,699,084,792.500.
* Resilience of Ether: Interestingly, while Bitcoin faced capital outflows, Ether ETFs continued to register inflows, suggesting a shift in investor interest or a perception of Ether's relative strength amid uncertainty.
Donald Trump's Position on Cryptocurrencies:
* Shift in Perspectives: Trump demonstrated a significant shift in his stance towards cryptocurrencies. Previously a critic (for example, calling Bitcoin a "scam" in 2021), he has recently become more favorable.
* "World Capital of Cryptocurrencies": He publicly declared his desire to make the U.S. the "World Capital of Cryptocurrencies" and even launched his own meme coins and held cryptocurrency-related events.
* Strategic Bitcoin Reserve: His administration announced the creation of a "Strategic Bitcoin Reserve" to be capitalized with Bitcoins.
