#TrumpVsMusk Trump vs Musk: The power clash shaking the crypto market
On June 6, 2025, the once close relationship between President Donald Trump and billionaire Elon Musk officially fractured, shocking both the political and financial worlds.
The situation began 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 dropped by 14%, with a market capitalization loss of $152 billion, while TrumpCoin – the cryptocurrency backed by Trump – lost 12% of its value.
This battle is not just a personal conflict but also reflects the deep divide between technology leaders and politicians regarding the future of cryptocurrency and fiscal policy.
Who do you think will win this confrontation? Share your thoughts! 👇#TrumpVsMusk
