#TrumpVsMusk The "Trump versus Musk" dynamic has recently played out in the crypto world, significantly impacting coin prices. Their intensifying public feud, particularly regarding political and economic policies, has triggered market volatility. News reports indicate a spat on June 5, 2025, where Musk criticized Trump's tariff plans as recessionary, while Trump threatened to cut Musk's government subsidies. This clash directly led to a notable Bitcoin tumble, liquidating millions in long positions.

Both figures have their own crypto ties. Trump has launched NFTs, meme coins ($TRUMP), and even a stablecoin ($USD1), reportedly earning substantial sums. Musk, a well-known Dogecoin proponent, also holds Bitcoin and Ether personally, with his companies Tesla and SpaceX holding Bitcoin. The market reacts to their words, demonstrating their outsized influence on digital asset sentiment.