When power collides with tech giants, the crypto world often smells gunpowder first.
At the beginning of June, Trump suddenly 'fired' at Musk, directly stating that he wants to sever all business ties between the government and his company, targeting SpaceX. An open conflict between a presidential candidate and a tech giant is brewing a far-reaching chain reaction.#特朗普马斯克决裂
News explosion: SpaceX is in the spotlight, and federal review has fully launched!
According to Deep Tide TechFlow, the incident was triggered by Musk's fierce remarks on June 5, which provoked a strong backlash from Trump. Trump not only made harsh statements but also took concrete actions: the White House and the General Services Administration quickly asked NASA, the Department of Defense, and others to list all contracts signed with SpaceX. The federal level has officially entered a 'review status.'
Although most contracts are difficult to terminate due to their critical importance to national security, some contracts within SpaceX have indeed been placed on the 'review watch list,' and the situation is highly sensitive.
What does this conflict have to do with the crypto world? My judgment is: three directions are worth being cautious about!
1: DOGE and other 'Musk-related coins' may face a bloodbath.
Musk has always been one of the strongest KOLs in the crypto circle; his tweets can influence the short-term fate of Dogecoin (DOGE), Floki, and other 'Musk-related coins.' Now that Musk is embroiled in a 'censorship' controversy, if market sentiment reverses, these coins may become the first targets for 'risk-off selling.'
Don't forget, Musk's emotions determine the fate of a group of retail investors.
2: If Musk turns to the 'decentralization camp,' he may completely shift towards Bitcoin.
Looking back at history, Musk and the U.S. government have never been on good terms. Since 2021, Musk has been at odds with the Biden administration due to SEC investigations. Now, with his falling out with Trump, it shows that Musk is not pleasing either party. If SpaceX is indeed politically suppressed, it is possible that Musk may completely switch sides, turning towards the **'decentralization + anti-authority' camp**, increasing support for BTC and libertarian projects.
Don't forget, Elon has stated multiple times in interviews that 'Bitcoin is the people's currency.'
3: Wall Street sentiment is fluctuating, and the market may welcome a short-term pullback triggering crypto linkage.
Once the SpaceX review continues to ferment, the U.S. stock technology sector (especially stocks related to space technology) will be under short-term pressure, with investor risk-off sentiment rising. Although the crypto market is becoming increasingly independent, it is still influenced by macro capital flows. A wave of U.S. stock corrections is likely to lead to a short-term crash in BTC.
Case verification: In 2021, Musk's 'environmental remarks' triggered a $10,000 drop in BTC.
This is not the first time we have seen Musk influence the crypto circle—his remark 'Bitcoin is not environmentally friendly' in 2021 led to a direct market collapse. Now, if Musk is forced into a corner, with extreme emotions fermenting, it is possible that he may publicly depress the market through X (formerly Twitter) or speeches, and that wave of Dogecoin and BTC tremors may just be a 'rehearsal.'
Behind the Musk turmoil may lie the next main storyline! The game between Trump and Musk is no longer just a verbal spat, but a real clash of power. For the crypto world, this is both a risk and the beginning of a new story.
The next round of hotspots may be hidden in the wave of 'decentralization against power.'
Follow Fu Xiang's predictions for the hottest news interpretations, get ahead of the game, and avoid three years of detours!
Retweet + save, don't wait until the crypto market heats up to remember this news!