Trump slams Musk, DOGE drops!

A month ago, the drama repeats itself, rooted in the 'Big and Beautiful' Act. The media is driving the narrative, the truth is:

1. Trump opposes the bill, ostensibly because Musk cannot secure subsidies, but in reality, it’s a diversion.

2. The real impact on Musk:

Trump goes back on his campaign promises, forcing Musk to bear the brunt of budget cuts, while he himself increases debt wildly.

The government's new energy policy shift impacts Musk's entire industry chain.

Key points of the bill:

A 1000-page behemoth: $3.8 trillion in tax cuts + $1.95 trillion in spending cuts + $480 billion in spending increases.

Raise the debt ceiling to $40.1 trillion.

Net debt increase during Trump's term.

Short-term impact on the crypto space is limited, but Musk is in a terrible situation.