1. Trump's fiscal push and his 'Big Beautiful Bill' law
The recent signing of the 'One Big Beautiful Bill' (Trump's tax law) raised concerns about inflation and increasing debt, factors that usually benefit Bitcoin as a store of value. Analysts estimate that an increase in public debt could push BTC to much higher levels.
2. Pro-crypto policies of Trump
Under his administration, Trump has promoted the creation of a Strategic Bitcoin Reserve, appointed a 'crypto czar', and relaxed SEC regulations. This generated a wave of institutional optimism and strengthened flows into Bitcoin, which is up 15% this year, while the S&P 500 only gains 5%.
3. Public feud with Musk
The Trump-Musk confrontation is also generating impact. Bitcoin has maintained its support near USD 105,000 despite public tension. The creation of the 'America Party' by Musk, which promotes $BTC
as a solution against fiat, introduces fresh political wind in favor of cryptocurrencies.
4. Sectoral volatility
While Bitcoin resists, other cryptos react with greater sensitivity: Dogecoin, linked to Musk, fell 3% or more following the escalation of the conflict.
🧭 Conclusion
The clash between Trump and Musk is not just political: it modifies the narrative of Bitcoin. Trump introduced formal pro-crypto policies and institutional backing, while Musk adds political legitimacy to $BTC with his new party. The result is an environment where Bitcoin can benefit from flows and trust, although with pulses of volatility derived from public rhetoric.