#TrumpVsMusk When Billionaire Battles Rattle Bitcoin 🧵
The recent social media standoff between Donald Trump and Elon Musk has stirred waves not just in politics, but also across financial markets—especially crypto. As #TrumpVsMusk trends globally, the clash between two of the most influential voices in the space has created noticeable ripples in Bitcoin and altcoin sentiment.
Elon Musk, known for swinging crypto prices with a single tweet, reportedly declined a private meeting with Trump, prompting public criticism from the former President. In response, Musk posted memes and subtle jabs, escalating the feud. What might seem like political theatre is being watched closely by crypto investors. Why? Because both figures have sway over public perception of cryptocurrency.
Trump, who once called Bitcoin a "scam," has now become more crypto-friendly, even accepting donations in crypto for his 2024 campaign. Musk, meanwhile, continues to be a wildcard—supporting Dogecoin, hinting at future crypto integration with X, and influencing prices with his sentiment.
The result? Bitcoin briefly dipped below $101,000 amid the noise, before recovering back to the $104,000+ range. Market sentiment remains neutral, but the volatility triggered by this high-profile spat reveals just how sensitive the crypto market still is to headlines, especially when they involve household names like Trump and Musk.
Whether you’re bullish or bearish, one thing is clear: in crypto, narrative matters—and the Trump vs Musk saga is a narrative with real market implications.