#TrumpCrypto vs #musk $BTC $ETH $BNB
🇺🇸 Donald Trump – Key Developments
New Immigration Ban: On June 4, Trump signed a new travel ban restricting entry from 12 countries, citing national security concerns.
→ Source: Wikipedia
$2.4 Trillion Spending Bill: Trump approved a massive financial bill, dubbed the "One Big Beautiful Bill." Elon Musk publicly criticized the move, calling it “disgusting.”
→ Source: The Guardian
Subsidy Threat: Trump threatened to cut off federal subsidies to Elon Musk’s companies, which led to a 14% drop in Tesla shares and wiped out $34 billion from Musk’s net worth.
→ Source: El País
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🚀 Elon Musk – Key Developments
SpaceX Dispute: Musk threatened to end NASA’s Dragon spacecraft missions (operated by SpaceX) but later reversed the decision.
→ Source: Wall Street Journal
Recession Warning: Musk warned that Trump’s tariffs and policies might cause a U.S. recession in the second half of 2025.
→ Source: Economic Times
New Political Party? Musk launched a public poll asking if he should start a new centrist political party for the "80% in the middle" of U.S. voters.
→ Source: Times of India
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📉 Financial Impact
Musk’s Wealth Down: Due to tensions with Trump, Tesla's stock plunged, causing Musk to lose $34 billion in a single day.
→ El País
xAI Investment Poll: Musk ran a poll asking Tesla shareholders if the company should invest $5 billion into xAI (his AI company). Over 70% supported the move.
→ Business Standard
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🔄 Possible Reconciliation
According to reports, Trump and Musk may speak privately to ease tensions. Tesla’s shares rebounded 6% after this news.
