The impact of the dispute between Trump and Musk on the risk market, including cryptocurrency During the conflict, Trump said that if Musk funded the Democratic Party, he would face "very serious consequences". This statement sends a key signal that in undisclosed contacts, Musk may have hinted at turning to the Democratic Party as a deterrent. If the situation escalates, Musk's funds and influence will become a key variable in the 2026 mid-term elections, which will directly affect the Republican campaign and policy advancement. For Trump, this is the bottom line he cannot accept. Although Musk has stated that SpaceX may not require support from the US government, the reality is that SpaceX's core orders are highly dependent on US government support, including NASA's manned space missions, the Department of Defense's military launches, and the spectrum, patches, and diplomatic permits required for Starlink's global expansion. Once Musk breaks with the Republican Party and fails to gain support from the Democratic Party, SpaceX may face not only order loss, but also a series of systemic risks such as regulatory review, license freeze, restricted funding channels, and hindered international market expansion. This is Musk's biggest weakness, not to mention Tesla's shareholder pressure. From a deeper perspective, this is not only a conflict between two opinion leaders, but also a fierce collision between the old and new economic routes of the United States. Musk represents the tech new capitalist faction, advocating for free markets, independent innovation, light intervention, and rejecting fiscal deficit expansion and state led stimulus policies. Trump, on behalf of the populist tradition, emphasizes the return of manufacturing, infrastructure investment, tariff protection, and advocates restructuring the economic structure through government intervention. If this divergence of paths continues to ferment, it may lead to long-term internal divisions in the United States on issues such as technology regulation, fiscal deficits, and state intervention roles. At a broader market level, this rift also unleashes an undeniable uncertainty. If the Republican Party loses Musk's support, it may be hindered in the midterm elections and policy advancement, while the Democratic Party may take the opportunity to adjust its strategy and redefine the camps of technology and capital. This uncertainty not only affects the technology industry, but also the cryptocurrency market. The main reasons for the recent rise of cryptocurrency are Trump's personal actions and the support of the Republican Party, including the appointment of the SEC leadership. If the rift between Musk and the Republican Party leads to doubts about the policy continuity, the market may worry about whether Trump's policies can be successfully implemented after 2026 or even the Democratic Party loses power in the House of Representatives, thus affecting the price trend of cryptocurrency. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex