The powerful duo of U.S. President Donald Trump and multi-billionaire Elon Musk is going through a breakup phase. The once cooperative relationship, backing each other, has dramatically deteriorated in the last few weeks. Now Musk has turned his threats into reality and even launched a political party, ‘America Party.’ Although the chaos is severe, experts believe that Bitcoin is the winner. Let’s discuss.
What’s Behind the Trump-Elon Musk Breakup?
The dramatic Donald Trump-Elon Musk breakup is witnessed by netizens as social media remains a crucial part of their arguments. Musk supported Trump financially ($250M donation) for this election, and some even speculate that he played a significant role in his winning, especially influencing the crypto investors.
However, disagreements on Trump’s ambitious budget and spending bill, including the proposed cuts to electric vehicle subsidies, ignite tension. In the next few days, multiple back-and-forth blame and arguments were made on social media, but things eventually settled. Experts believe the duo needs each other and would end up reconciling.
I regret some of my posts about President @realDonaldTrump last week. They went too far.
— Elon Musk (@elonmusk) June 11, 2025
Notably, the feud between the two did not have much impact on the Bitcoin price, except for a few slip-ups, like on June 5 (decline to $104k) and late June when the calls for a new party became too open.
Even though it didn’t have a massive impact on the BTC price, new developments hint at bigger consequences this time.
Why Is This Trump-Elon Breakup Bullish For Bitcoin?
Despite the Trump-Elon barbs, BTC remains sturdy around $105k, but the same is near a new ATH today. With a minor push, the token currently trades at $109k, fueled by the America Party announcement. More importantly, the bullish point is the revelation that Musk’s political party embraces Bitcoin and calls fiat hopeless.
Now, there are two strong contenders favoring Bitcoin and the crypto community, whose move would influence Bitcoin’s price in the future. Moreover, the passing of Trump’s Big Beautiful Bill (BBB) is bullish as it boosts infrastructure spending and economic stimulus.
Musk has objected to this bill with many others, as it could put a strain on the national debt and the US dollar. In contrast, the liquidity would enter the crypto market, fueling prominent assets like BTC and others.
As the Trump vs Musk feud continues, their political jabs could influence the crypto market. This is because both would like to outdo each other in front of the crypto community with promises or policies. Their battle would also increase BTC’s visibility.
Overall, Bitcoin would benefit from the Trump-Elon breakup. However, uncertainty still persists as their feud can also influence investors’ trading sentiments.
Frequently Asked Questions (FAQs)
Elon Musk has launched his political party, called the ‘America Party,’ following his fallout with Trump.
The Bitcoin price remained unaffected by their breakup.
Both leaders could compete to gain favors from the crypto community. It could increase Bitcoin’s visibility and demand, boosting investor confidence.
Pooja Khardia
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section.
Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights.
Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry.
When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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