🔥 What happened?
A sharp dispute erupted between U.S. President Donald Trump and billionaire Elon Musk after the latter criticized the "massive spending bill" proposed by Trump, calling it a "disgusting sin" for increasing national debt. Trump responded with a serious threat: to cut government contracts with Musk's companies (Tesla, SpaceX). The result?
- Tesla lost 14% of its market value (−$150 billion) in one day!
- Musk threatened to halt the "Dragon" spacecraft (later retracted).
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⚡ How does this affect digital currencies?
1. Market Volatility:
- A shock reminding us of the sensitivity of digital currencies to Musk's tweets (like the previous c-9 stock).
- Bitcoin could be affected if the war extends to crypto support policies, especially since Trump hasn't taken a clear stance on it.
2. Organization Threat:
- Trump hinted at "cutting support for Musk's companies"; is he targeting Starlink or related crypto projects?
- Reports indicate that David Sachs (government crypto official) is pushing to buy Bitcoin as a "hedge against inflation" ... but the dispute may disrupt these plans!
3. Future of Adoption:
- Musk has been a major supporter of digital currencies (previously accepted #BTC at Tesla).
- His conflict with Trump may slow down crypto adoption in U.S. policies, especially with the administration focusing on reducing debt.
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💎 Summary:
- The war#TrumpVsMusk is a reminder that digital currencies are not yet matured as a safe haven!
- Investors need to:
- Diversify risks among assets (gold, stocks, stablecoins).
- Monitor Congress's vote on the spending bill (rejecting it could calm the markets).
- The biggest challenge: The absence of a legal framework may make crypto a victim of political conflicts!
