Trump-Musk split deepens, but Bitcoin stays bullish and nears a new ATH as the market eyes the benefit from their growing rift.
The multibillionaire Elon Musk and US President Donald Trump are undergoing a period of dissolution.
In recent weeks, the formerly supportive and cooperative partnership has drastically deteriorated.
Musk has already made his warnings a reality and even started the “America Party,” a political party.
Experts think Bitcoin is the winner despite the extreme instability. Let’s talk.
Why Did Trump-Musk Split Up?
Since social media plays a significant role in their disputes, netizens have watched the tremendous split between Donald Trump and Elon Musk.
Musk contributed $250 million to Trump’s campaign, and some even argue that he was a significant factor in his victory, particularly in swaying cryptocurrency investors.
Tension is sparked by differences over Trump’s expansive spending plan and budget, particularly the suggested reductions to incentives for electric vehicles.
The matter was resolved after several days of back-and-forth accusations and debates on social media.
Experts predict the couple will eventually return together since they need each other.
I regret some of my posts about President @realDonaldTrump last week. They went too far.
— Elon Musk (@elonmusk) June 11, 2025
Notably, other than a few blunders, such as the June 5 slide to $104k and the late June calls for a new party becoming too public, the two parties’ feud did not affect the price of Bitcoin.
Although it didn’t significantly affect the price of bitcoin, recent events suggest that there may be more serious repercussions this time.
What Makes This Trump-Musk Split Positive For Bitcoin?
Despite the Trump-Musk jabs, Bitcoin is still strong above $105k, but it is also getting close to a new all-time high today.
Fueled by the announcement of the America Party, the token is currently trading at $109k with a slight push.
The fact that Musk’s political party accepts Bitcoin and declares money to be doomed is a more significant bullish point.
There are now two powerful candidates who support Bitcoin and the cryptocurrency community; their actions could affect the price of Bitcoin in the future.
Additionally, the passage of Trump’s Big Beautiful Bill (BBB) is encouraging since it increases economic stimulation and infrastructure spending.
Along with numerous other bills, Musk has opposed this one because it may strain the US dollar and national debt.
On the other hand, the liquidity would flow into the cryptocurrency market, supporting well-known assets like Bitcoin and others.
Their political taunts could impact the cryptocurrency market as the Trump-Musk dispute rages.
This is because both want to outdo one another with policies or pledges in front of the crypto community.
Their conflict would also raise awareness of Bitcoin.
In general, the Trump-Elon split would be advantageous for Bitcoin.
Nonetheless, there is still uncertainty because their conflict may affect investors’ feelings about trade.