What Does Trump-Elon Breakup Mean for Bitcoin?

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.

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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.

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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.