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Trump Vs. Musk Gets Ugly—Could Crypto Take A Hit In The Crossfire?

  • US President Donald Trump criticized Elon Musk's plans for a new political group, the 'America Party,' with Musk proposing a third option for voters dissatisfied with the two main parties.
  • Musk had slammed the 'Big Beautiful Bill,' a large spending package in Congress, labeling it a 'disgusting abomination' full of 'pork,' which led to a back-and-forth exchange between Musk and Trump.
  • The feud between Trump and Musk has not significantly impacted cryptocurrency prices, with Bitcoin holding above $108,000 and Dogecoin maintaining $0.16 despite fluctuations, indicating a muted market response.
  • Building a successful third party requires more than social media polls, with significant organizational effort, funding, and real voter engagement. The future developments involving Musk's political aspirations and Trump's responses could shape the narrative going forward.

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