TRUMP VS MUSK
The fight between Donald Trump and Elon Musk has generated a great uproar in the markets and politics. It all started when Musk criticized Trump's federal budget proposal, calling it a "repugnant abomination" due to the potential increase in the national deficit. Trump responded by threatening to withdraw federal contracts from Musk's companies, including SpaceX and Tesla.
Impact on cryptocurrencies
The dispute has directly affected cryptocurrencies, especially those linked to Musk, such as Dogecoin. The price of Bitcoin fell by 3.1% in the last 24 hours and stood at around $101,332. Other cryptocurrencies were also affected, with losses of up to 9.2% in some cases.
Effects on the market
The fight has generated uncertainty in the market, which could lead to greater volatility in cryptocurrency prices. Some analysts predict that Bitcoin could fall below $100,000 if tensions between Musk and Trump continue to escalate.
Possible consequences
The dispute could have significant consequences for the 2026 elections in the United States. Musk, who donated nearly $300 million to Trump's campaign, could use his financial and technological influence to interfere with electoral outcomes.
Affected companies
- Tesla: could lose government subsidies for electric vehicles.
- SpaceX: could lose federal contracts worth more than $22 billion with governmental agencies such as NASA and the Pentagon.
- Cryptocurrencies linked to Musk: such as Dogecoin, could continue to be affected by the dispute
