Today's financial market is bewildering, and the fierce quarrel between Musk and Trump has directly surged into trending topics. Who would have thought that this once mutually admiring 'billionaire duo'—one providing financial support and the other granting policy favors—would now be at odds? Musk accused Trump of cutting subsidies and suppressing the company, while Trump lashed out, angrily calling Musk 'crazy' and 'ungrateful.' However, the impact of this quarrel has had the most direct victims: ordinary investors like us—our wallets have suddenly shrunk.
Looking at the market reaction, Tesla's stock price plummeted by 14%, and the cryptocurrency market also experienced severe fluctuations. The cause of this situation is not complicated: Musk publicly opposed Trump's new financial bill, believing it would significantly increase U.S. debt and cut crucial subsidies for electric vehicles. This infuriated Trump: Tesla had enjoyed subsidies for several years, and now it was actually accusing him? Thus, both sides engaged in back-and-forth exchanges, refusing to back down, even dragging SpaceX's Dragon spacecraft into the mix, announcing its retirement, leaving NASA bewildered.
As the quarrel escalated, Tesla's stock price nosedived, and its market value evaporated by $152 billion overnight. The cryptocurrency market was also severely impacted, with Dogecoin (DOGE), closely associated with Musk, experiencing a flash crash; the overall market's risk appetite plummeted, and even Bitcoin (BTC) saw a sudden significant drop in price.
This is not a simple 'war of words,' but a financial storm triggered by American politics. From the perspective of the cryptocurrency market, the underlying impact is far more severe than what appears on the surface. It's like a seismic policy event that has shaken the stability of U.S. government bonds in the RWA narrative, affected liquidity in the venture capital market and U.S. stocks, and changed financial institutions' investment attitudes towards high-risk assets. Many cryptocurrency investors have not yet grasped the situation and have already been 'harvested' by this sudden systemic emotional fluctuation.
Musk claims, 'I helped you become president,' while Trump threatens, 'I'll cut off your funding.' This drama is comparable to an evening palace drama. But the reality is that the ones getting hurt are never the 'screenwriters,' but ordinary viewers like us—especially those retail investors who are constantly monitoring cryptocurrency prices and trading with hot wallets. A slight change in policy leads to a shift in market sentiment; it’s not even a luxury to maintain our principal, let alone achieve financial freedom. The current situation is that whenever they argue, our assets shrink; when they enter a cold war, we can only sit on the sidelines; and even if they reconcile, we dare not easily bottom-fish.
Some have joked that nowadays in the cryptocurrency circle, manipulators don’t even need to harvest retail investors intentionally; just a tweet from Musk or a few insults from Trump will cause severe market fluctuations. This seemingly absurd reality precisely illustrates how intertwined the cryptocurrency circle is with U.S. fiscal policy. Our wallets seem to be bound to the same 'emotional management system' as American politics, which is truly frustrating and heart-wrenching.
In today's turmoil, did you panic and sell off your holdings, or did you boldly buy up those undervalued assets that were wrongly punished by emotional fluctuations?