Have you ever imagined how two of the most influential figures in the world, Donald Trump and Elon Musk, could influence each other, even affecting the often nerve-wracking crypto market? Well, let’s break down this exciting story casually!
A Relationship Full of Drama: From Friends to "Enemies" (and Back Again!)
The relationship between Donald Trump and Elon Musk is like a roller coaster! Initially, Musk was an advisor in the White House during Trump's presidency. But then, Musk left when Trump withdrew from the Paris Climate Agreement. Wow, instantly a difference in vision, right?
Ultimately, in 2022, they had a war of words on social media. Trump called Musk a "bullshit artist," and Musk replied by saying Trump is "not fit" to be president due to his age. Quite thrilling, right?
But, in politics and business, nothing is permanent. In 2024, suddenly they were "bromancing" again! Musk even became the largest campaign donor for Trump. After Trump took office again, Musk was immediately appointed to lead the Department of Government Efficiency (DOGE) to cut federal spending. Cool, right?
Oh, but the drama isn't over yet! In mid-2025, Musk criticized Trump's policy called the "Big and Beautiful Bill" for allegedly causing national debt to balloon. Trump got furious, threatening to cancel Musk's contracts and even teasing the idea of deporting Musk! Musk also responded with serious accusations and even threatened to form a new political party called the "American Party." Wow, it’s getting heated!
Why are they like that? It seems to be a mix of big egos, differing views on policies (for example, on electric car subsidies or government spending), and of course, a desire for influence.
Trump: The "Crypto President"?
Who would have thought, Donald Trump, who was once somewhat skeptical, is now a strong supporter of crypto! He even promised to make the United States the "crypto capital" of the world.
As soon as he took office again in early 2025, Trump hit the ground running by signing an executive order to support the growth of the crypto industry. He also formed a task force called "Crypto 2.0" at the SEC (similar to Indonesia's OJK) to create clearer regulations, rather than just playing "catch and release."
The most shocking thing is that Trump announced a plan for a national "Strategic Crypto Reserve," which includes not only Bitcoin and Ethereum but also other coins like XRP, Solana, and Cardano. Imagine, a country having crypto reserves!
Elon Musk: The True "Crypto Finfluencer"
While Trump has influence through policy, Elon Musk has influence through... tweets! Yes, his posts on X (formerly Twitter) often cause Bitcoin and Dogecoin prices to flip. Positive tweets can make prices rise, while negative tweets can make prices fall. The effect is most pronounced on Dogecoin because this coin is smaller and more sensitive to sentiment.
Does Elon’s company also play in crypto?
Of course! Tesla once accepted Bitcoin payments and has billions of dollars in Bitcoin. Although it stopped accepting Bitcoin for environmental reasons, Tesla still holds a large amount of Bitcoin. SpaceX, Musk's rocket company, also has Bitcoin and even uses stablecoins (cryptos with stable value) for Starlink internet service payments in remote countries. This shows that crypto is increasingly being used in the real business world!
Starlink and Crypto:
Elon Musk's Starlink satellite internet service is crucial for the crypto world. Why? Because Starlink can provide fast and stable internet in remote areas with poor signal. This means more people worldwide can access the crypto market, transact, and even mine crypto, strengthening and decentralizing the crypto network.
Recently, Elon also caused a stir because he "liked" a tweet speculating that he is "secretly gathering Bitcoin" again. This is a subtle signal that made the crypto community go wild!
When Two Giants Interact: What is the Impact on Crypto?
Now, this is the interesting part. When Trump and Musk are amicable or at odds, the crypto market can feel the impact.
When They Fight:
Remember their feud in June 2025? At that time, Bitcoin investment funds (Bitcoin ETFs) in the US faced massive withdrawals. The Crypto Fear & Greed Index also plummeted to the "Fear" level. This shows that the uncertainty created by these two influential figures can make investors panic and withdraw their funds.
Different Impacts:
Interestingly, when Bitcoin ETFs plummeted, Ethereum ETFs continued to see inflows. This could be because Ethereum has more diverse uses (like DeFi and NFTs) and continues to have network updates, making it more resilient to political drama compared to Bitcoin, which often serves as a barometer for the overall crypto market.
In short, Elon Musk's tweets can cause crypto prices to fluctuate in the short term. Meanwhile, Trump’s policies can shape the direction of regulation and acceptance of crypto in the long term. When they conflict, the effects can be synergistic and create greater uncertainty in the market.
Conclusion: What Does It Mean for Us?
The relationship between Donald Trump and Elon Musk is indeed unique and full of surprises. They both have a significant influence in the realms of politics, technology, and finance, including crypto.
For those of us interested in crypto, it is important to understand that this market is not only influenced by technology or economics but also by the "drama" from major figures like them. Government policies and the tweets of an influencer can both move the market.
So, stay updated on the news, understand the context, and most importantly, always do your own research before making investment decisions. The crypto world is indeed exciting, but also full of surprises!
Did the Trump-Musk drama shake the market? Don't just be a spectator! Let’s take a peek $BTC , $DOGE , & $ETH . Who knows, your profits could go viral!
Interested in continuing to understand the dynamics of the crypto market and the influence of major figures? Let’s keep learning and exploring the world of digital assets! And don’t forget to leave a message and follow my page.