🔥 Trump vs Musk: The power struggle shaking the crypto market
On June 6, 2025, the once close relationship between President Donald Trump and billionaire Elon Musk officially shattered, shocking both the political and financial worlds.
It all started when Musk publicly criticized Trump’s "One Big Beautiful Bill," calling it "an abomination," expressing concerns about increasing budget deficits and cuts to electric vehicle subsidies. In response, Trump threatened to terminate federal contracts with Musk's companies.
As a result, Tesla's stock price dropped 14%, with a market capitalization loss of $152 billion, while TrumpCoin – the cryptocurrency backed by Trump – fell by 12% in value.
This battle is not just a personal conflict but also reflects the deep divide between tech leaders and politicians over the future of cryptocurrency and fiscal policy.
Who do you think will win this showdown? Share your thoughts! 👇