Why the Trump–Musk Feud Could Be Bullish for Bitcoin

The political fallout between President Donald Trump and Elon Musk may have set the stage for Bitcoin’s next breakout.

While the two once aligned on anti-establishment sentiment, their recent split over spending, crypto, and narrative control is already reshaping markets, and Bitcoin (BTC) may be poised to benefit.

Bitcoin Thrives in the Trump–Musk Fallout

As of this writing, Bitcoin traded for $108,728, up by 0.33% in the last 24 hours. The pioneer crypto continues to show strength, despite what appears to be a stagnating upside potential.

Bitcoin (BTC) Price Performance. Source: BeInCrypto

One of the catalysts was Elon Musk, who launched his own political movement, the America Party. This political vehicle is centered around spending cuts, fintech reform, and, most notably, full-throated support for Bitcoin.

Fiat is hopeless, so yes

— Elon Musk (@elonmusk) July 7, 2025

Musk’s assertion that the American Party would adopt Bitcoin as a reserve currency is a bullish fundamental for the pioneer crypto despite Trump’s backlash.

The US President labeled any move to this effect a betrayal and threatened to halt Tesla and SpaceX contracts or deals in retaliation.