The president of the United States, Donald Trump, proposed to end government contracts and received by Elon Musk companies.
Today, Trump published in Truth Social (the social network that directs his own company, Trump Media): “The easiest way to save money in our budget, billions of dollars, is to end Elon’s subsidies and government contracts. After these statementsTesla’s actions – company founded and directed by Musk – fell about 20%.
And Musk did not remain silent. Through X (social network of which he owns), the businessman of South African origin replied: “Go ahead, alégme the day.” Then he launched an explosive accusation: affirmed Trump appears in the files related to Jeffrey Epstein, and that this would be the reason why they have not been made public. In addition, in a tweet, Musk suggests that Trump should be dismissed.
The link between the two characters came with cracks since the president attacked who his advisor was, for have dared to criticize the new fiscal package. Trump assured that he asked Musk to remove his “mandate of electric vehicles that forced everyone to buy electric cars that nobody else wanted” and that Musk’s reaction was “going crazy.” Musk denied that version and described it as “a lie.”
Trump first expressed his disgust towards Musk earlier this Thursday, saying to feel “disappointed” by the criticism of the businessman to the bill, since he cuts fiscal credits for electric vehicles.
This public and unprecedented confrontation between Donald Trump and Elon Musk generates strong turbulence in the Bitcoin ecosystem. The possibility that Trump-who has been a key promoter of Pro-Bitcoin policies-is politically weakened or facing legal consequences after Musk’s accusations, sowing uncertainty among investors. In an environment where government support can tip the market balance, fear of an eventual rupture of the current institutional impulse towards Bitcoin begins to be reflected in the price.
In this context, Bitcoin is dangerously approaching the $ 100,000 zoneas seen in the graph below:
Geopolitical tensions, the possible erosion of Trump’s presidential figure and the collapse of confidence in some emblematic companies are pushing investors to get rid of volatile assets such as BTC. The market, which celebrated each Trump wink towards digital currencies, now faces the risk that this backing will be right at the time of greatest euphoria.
