Musk and Trump engage in a verbal war, affecting assets closely related to Musk such as Dogecoin

According to a report by Golden Finance, the public dispute between US President Trump and former "advisor" Musk of the Department of Efficiency (DOGE) has led to a decline in the value of transactions related to Musk and some transactions related to Trump. Dogecoin fell 10% on Thursday, and listed funds related to space exploration company SpaceX fell 13%. This highlights the risks of individual driven investment, where investors are attracted to products related to dominant figures such as Musk and Trump, and are susceptible to sudden changes in public image. The rise of encrypted tokens, ETFs, and other financial products has driven speculative investment patterns that allow retail investors to bet on the wealth of billionaires such as Musk and Trump, often without considering traditional fundamentals.