$BTC Trump vs Musk: The Power Clash Shaking the Crypto Market

#TrumpVsMusk

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.

It all began when Musk publicly criticized Trump's "One Big Beautiful Bill" legislation, calling it "an abomination," expressing concerns over the increasing budget deficit 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 by 14%, losing $152 billion in market capitalization, while TrumpCoin – the cryptocurrency backed by Trump – decreased in value by 12%.

This battle is not only a personal conflict but also reflects the deep divide between technology leaders and politicians regarding the future of cryptocurrency and fiscal policy.