Trump vs. Elon Musk... Will it Shake the Cryptocurrency Market?

1. Introduction

In recent days, there has been a surprising escalation in the feud between former U.S. President and current presidential candidate Donald Trump and the famous businessman Elon Musk.

2. Details of the Feud

In early June 2025, Musk sharply criticized Trump's legislative plan called the "One Big Beautiful Bill Act," describing it as "ineffective and a reflection of government dysfunction."

3. Impact on Cryptocurrencies

📉 Dogecoin Decline:

Dogecoin (DOGE), known to be Musk's favorite, fell by 12% over the week and 6% in the 24 hours following the feud.

Investors directly linked this decline to the escalating tensions between Musk and Trump.

📊 Market Volatility:

Trump's recent pro-Bitcoin statements and his creation of a meme coin ($TRUMP) and increased support for the idea of an ETF on Bitcoin have heightened the divide in the cryptocurrency community, between Trump's supporters and his critics.

4. Future Outlook

If the feud continues, market volatility is expected to increase, especially in coins associated with personal branding like Dogecoin and $TRUMP.

Musk remains a psychologically influential player in the crypto market, and Trump is seeking to gain votes from cryptocurrency supporters in his upcoming campaign, which means the confrontation may extend to real economic impacts.

-The feud between Trump and Elon Musk is not just a political controversy.

$TRUMP