President Donald Trump and Elon Musk aren’t exactly what you’d call sophisticated. They’re loud, divisive, and incredibly influential. Together, they’re changing politics, technology, and, of course, the cryptocurrency market.
But unfortunately, cracks have formed, and when this partnership falls apart, the consequences could be pretty dire for crypto. You don’t have to be a “time traveler” like Drew Curtis to see that coming.
Trump and Elon have been close friends for some time, with Elon even securing a position in the Trump administration as co-head of the Department of Government Efficiency, known by the acronym DOGE. But their shared love of deregulation and cutting government spending isn't enough to mask their major differences.
Elon's Tesla empire depends on China, while Trump's economic plan is "tariffs and trade war". This is a conflict and crypto investors should really prepare themselves.
Drew Curtis, Tesla and the Trump Problem
Curtis called it that: Trump will “throw Elon under the bus” by 2025. And while it sounds ridiculous, Curtis has a track record. The guy accurately predicted the global chaos of COVID-19, so when he said the relationship between Elon and Trump was headed for disaster, some people listened.
His reasoning is that Tesla's massive Shanghai factory is too important to Elon's operations to be ignored, and Trump's tariffs on imports from China are non-negotiable.
Curtis isn’t alone. Analysts are lining up to point out the obvious: this cozy relationship is doomed. Trump’s “America First” policies are great for his base, but terrible for Elon’s global empire. We’ve seen him have about five separate disagreements with Trump’s cabinet.
Adding to the tension, there are rumors of legislation that could allow non-native US citizens to run for president. If that happens, we're looking at a potential 2028 showdown between Elon and Trump, who has tried to quash the rumors by saying, "I'm not worried. Elon is not president. He'll never be president. You know why? He wasn't born here."
The Crazy Race of Crypto
So what will happen to crypto when these two titans go head to head? Chaos. Pure chaos. The crypto market thrives on drama, and this will be drama of the highest order. Both Trump and Elon are market movers. A tweet from Elon has sent Bitcoin soaring or crashing in the past. And the ‘crypto president’, he single-handedly pushed Bitcoin past $100,000.
Now the first thing to expect is volatility. Cryptocurrency prices have been swinging wildly on a good day, and this kind of news is going to send them soaring. Investors don't like uncertainty, and the split between Trump and Elon is going to create a lot of uncertainty.
Expect Bitcoin, Ethereum, and Dogecoin to feel the heat as traders scramble to understand the fallout. Investor confidence will also be affected. Elon, for all his faults, is a crypto darling. A hero, in fact. If Trump sidelines him—or if Elon retires from politics altogether—it would devastate investors expecting a massive bull run that could last four years. Oh.
As of press time, markets are in turmoil. Bitcoin prices are fluctuating, altcoins are gaining traction, and investors are closely watching Trump’s upcoming crypto inauguration ball.
Although not everyone expected the market to take such a big hit. Interestingly, Elon publicly distanced himself from promoting cryptocurrencies last year, warning about scams and fake confirmations.
“If you see me endorsing crypto, it’s probably a deepfake,” the eccentric billionaire said on a podcast. “Except maybe as a joke, you know, like DOGE. It’s a funny meme.”
The community didn't take it well, so his influence on the market isn't what it used to be. But come on, he's still a force to be reckoned with. He's Elon.
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