In the ups and downs of the American political and business drama, the relationship between Trump and Musk has always been the focus of global attention. From allied partners to fierce opponents, and now to a dramatic reconciliation, every interaction between these two tycoons is enough to shake the market and public opinion. This 'historic reconciliation' may mean unprecedented significant benefits for Dogecoin (DOGE), which Musk strongly supports.
Looking back on the relationship between the two, it is as exciting as a Hollywood blockbuster. During the 2024 U.S. presidential election, Musk spent nearly $300 million to help Trump win, becoming a key financier on Trump's campaign trail. In return, after Trump's victory, he announced the establishment of the 'Department of Government Efficiency' (DOGE) led by Musk, hoping to leverage Musk's business acumen and innovative thinking to carry out large-scale structural reforms of the U.S. federal government, cutting expenses and improving efficiency. In a moment, their collaboration was viewed by the outside world as a dream combination of 'power and capital', attracting global attention.
However, good times did not last long, and the honeymoon period between the two ended quickly. On June 5, local time, the two publicly erupted into a fierce 'war of words', with Trump calling Musk 'crazy' and Musk retaliating by calling Trump 'ungrateful'. The trigger for this war of insults was Musk's strong criticism of Trump's promoted 'Big and Beautiful' bill, which includes a plan to raise the debt ceiling by $4 trillion. Musk believed this undermined his efforts to cut costs and would increase the budget deficit. Trump, on the other hand, accused Musk of opposing the bill because it eliminated tax credits for electric vehicle consumers, which affected Tesla's interests.
But just when everyone thought their relationship had completely broken down and this dispute would head towards an irreversible situation, the plot took a dramatic turn. After a period of cold war, Trump and Musk unexpectedly chose to reconcile. The teams of both sides reached a consensus after multiple rounds of secret negotiations, deciding to put aside grievances and join hands again. Although the specific details of the reconciliation have not been fully disclosed, it is evident from the recent actions and statements of both parties that the relationship is warming up. Trump subtly mentioned Musk's contributions in an internal meeting, while Musk also showed support for certain policies of the Trump administration on social media. This series of signs indicates that the two have rejoined the same camp.
The reconciliation between Trump and Musk is a significant boon for Dogecoin. Musk has always been the most influential supporter and promoter of Dogecoin. Since entering the market and purchasing a large amount of Dogecoin in 2019, he has repeatedly promoted Dogecoin on social media, calling it 'the people's cryptocurrency' and 'having the potential to be used as currency'. Every time he speaks, it can trigger dramatic fluctuations in Dogecoin's price. In April 2023, Musk replaced Twitter's blue bird logo with the Shiba Inu image of 'Dog Head', causing Dogecoin's price to surge over 30% in a short time, increasing its market capitalization by about $4 billion. Even when Trump announced that Musk would lead the 'Department of Government Efficiency' (DOGE), Dogecoin continued to rise, surging nearly 19% despite a general market decline. This demonstrates Musk's powerful influence on Dogecoin's price movements.
Now that Musk and Trump have reconciled, it means Musk will regain more resources and political influence to promote the projects he supports, and Dogecoin is likely to be one of the beneficiaries. Musk may leverage his close relationship with the Trump administration to promote the application and recognition of Dogecoin in more areas. For example, encouraging the government to adopt friendlier regulatory policies toward the cryptocurrency industry, creating a more favorable environment for the legal circulation and trading of Dogecoin; or promoting the use of Dogecoin in some government-related payment scenarios to enhance its practical value and market position.
From the perspective of market psychology, the reconciliation between Trump and Musk will greatly boost investors' confidence in Dogecoin. The previous split between the two caused market concerns and panic, leading to fluctuations in Dogecoin's price. Now, with the news of reconciliation, investors' expectations for Dogecoin's prospects have rapidly improved, and a large amount of capital may flow back into the Dogecoin market, driving the price up. Furthermore, as the relationship between the two improves, some investors who were previously cautious due to political risks may also re-enter the market, injecting further vitality into the Dogecoin market.
In addition, considering Musk's business empire and global influence, his renewed partnership with Trump may attract more businesses and institutions to pay attention to Dogecoin. Tesla's tremendous success in the electric vehicle sector has made it an industry benchmark. If Musk intends to promote Tesla to accept Dogecoin payments in certain businesses, it will bring a massive potential user base and application scenarios for Dogecoin, triggering imitation from other companies, thus forming a chain reaction that promotes the global popularity and application of Dogecoin.
The 'historic reconciliation' between Trump and Musk brings unprecedented development opportunities for Dogecoin. From policy environment, market confidence to application expansion, Dogecoin is very likely to usher in a strong bullish trend. Of course, the cryptocurrency market is full of uncertainties, and the future trend of Dogecoin is still influenced by many factors, such as changes in global cryptocurrency regulatory policies and overall market fluctuations. However, it is undeniable that currently, the reconciliation between Trump and Musk is undoubtedly a shot in the arm for Dogecoin, and we will wait and see Dogecoin's impressive performance in this political-business relationship change.
Successfully recovered costs, account doubled. Keep up with the rain, position in advance, enjoy the big gains!!!
Stay tuned: FLM HUMA
