💥 Elon Musk warns: Trump administration could cause Bitcoin market to decline! 💥

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Elon Musk, the founder of Tesla and SpaceX, recently issued a warning to Bitcoin investors: He believes that the Bitcoin market may face downward pressure under the leadership of the Trump administration. According to Musk, the next government may take measures to end the inflation of the US dollar, which will make the US dollar appreciate against other currencies (including cryptocurrencies), which will hit assets such as Bitcoin.

💡 Musk's opinion

Musk said that if the US government decides to shut down the dollar's "printing press", the US dollar will appreciate against other currencies and commodities, which may cause Bitcoin prices to fall. Although Trump promised to support cryptocurrencies during his campaign, the policies under his leadership may put pressure on the market.

💰 Impact on Musk's own wealth

Musk's company, Tesla, owns nearly 10,000 Bitcoins, and this part of the assets will also be affected by the appreciation of the US dollar. Musk's personal wealth has reached nearly $365 billion, almost twice the wealth of Jeff Bezos. If the dollar appreciates, it may affect the value of his holdings of Bitcoin.

📉 The complex situation of the US economy and inflation

Musk mentioned that the current US inflation rate is 2.7%, which is much lower than 9.1% in 2022, but this is still not good for the cryptocurrency market. The US government and the Federal Reserve may continue to take measures to increase monetary circulation and inflation to promote economic growth. Therefore, it is not easy to reduce inflation to zero or seek deflation.

🔮 The future of Bitcoin: changing times

There is still a lot of uncertainty about how the Trump administration's policies will affect the Bitcoin market. Musk's warning undoubtedly makes investors full of doubts about the future direction of the market.

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