The full record of Musk and Trump tearing each other apart, with the crypto circle being innocently caught in the crossfire!
1. Honeymoon period: In 2024, Musk spent $300 million to assist Trump's campaign, later receiving a nominal position as the 'Minister of Saving Government Money.' In March 2025, when Tesla's stock price collapsed, Trump personally spent $80,000 to buy a car to show support.
2. Conflict arises: Trump imposed a 25% tariff on Chinese cars, causing Tesla's domestic prices to soar and sales to plummet. Musk secretly cursed his trade advisor. Trump vigorously promoted the 'Big and Beautiful Act,' which would increase America's debt by $5 trillion. Musk, acting as the 'Minister of Saving Money,' only managed to save $175 billion in six months, leading to dissatisfaction and his resignation.
3. Famous breaking point: On June 3, Musk called the act a 'disgusting monster,' threatening to 'socially kill' supporting lawmakers; on June 6, Trump exploded, stating he would cancel the electric vehicle mandate (benefiting Tesla policy), and Musk went crazy, responding to his lies with sadness.
4. Reasons for the break
On the interest level: The bill cuts electric vehicle tax credits, and Musk's lobbying to keep them failed; Musk's term was not extended, and his push for 'Starlink' to be used for air traffic control was rejected. His friend Isaacman’s nomination as NASA director was withdrawn.
On the ideological level: Musk wants to dominate the world through technology, while Trump relies on votes to govern America; one thinks the other is 'both stupid and greedy,' while the other thinks the former 'doesn’t understand politics.'
5. Impact on the crypto circle
Tesla's stock price fell, and Musk's 'pet project' Dogecoin (DOGE) also plummeted, causing panic in the market and leading to the dumping of Bitcoin and other altcoins. If the two continue to tear each other apart, Tesla and DOGE may fluctuate repeatedly, collapsing the crypto market sentiment.
6. Advice for crypto players
1. Trading Dogecoin is like betting on Musk's mood: he might pump the price with a dog picture or crash it by cursing Trump.
2. Don't take sides in a fight between big shots; policy changes can trigger sudden explosions, so manage your positions and lower leverage to stay safe.
3. Don't impulsively bottom fish during a sudden drop; wait for clarity on Trump's tariff policies and the Fed's interest rate direction.
This drama teaches us: Business people shouldn't engage in politics, and politicians shouldn't trust promises! Crypto players, hold on to your BTC and ETH; watching the drama is fine, but don't really think you're part of Trump or Musk's family.
