#TrumpVsMusk #CryptoFigureHeads
The full picture behind the Trump–Musk feud, how it ties into Binance, Square, and what's really going on — no fluff:
1. Once-Buddies Turned Bitter
Elon Musk and Donald Trump were close: Musk donated heavily to Trump's 2024 campaign, served briefly in the White House as head of the Department of Government Efficiency (DOGE), and even helped with the inauguration.
But cracks appeared when Musk criticized Trump’s 2025 “One Big Beautiful Bill”—slamming its massive spending and the rollback of EV subsidies. That triggered Trump’s ire.
2. What Sparked the Public Burn
Musk publicly denounced the bill as fiscally dangerous and “pork-filled,” even threatening to start a new political party.
Trump hit back hard: he implied Musk would close Tesla without subsidies, threatened to yank federal contracts (including SpaceX), and even floated deportation via DOGE. Musk was born in South Africa.
3. Why It Matters to Binance & Square
On platforms like Binance’s Square, crypto chatter exploded—tracking how this showdown triggered market volatility: Bitcoin dumped $324 million in long-liquidations, futures pulled back, meme coins spiked. binance.com
Political instability often bleeds into both stock and crypto markets. Tesla’s stock plunged over 5–7%, and Binance posted crypto-market analyses, linking the feud to shifting sentiment.
4. Is Trump’s Attack Fake or Real?
This feud is absolutely real—and personal. Trump isn’t just throwing shade; he’s threatening Musk’s core businesses with real policy tools like funding cuts, contract cancellations, and the DOGE investigation.
At the same time, Musk’s rhetoric is equally sharp—his talk of a new “America Party,” calling the GOP the “PORKY PIG PARTY,” and publicly exposing Trump’s vulnerabilities proves he's playing for keeps.
5. The Powerful Underlying Issues
Money & Policy: Tesla thrives on EV incentives and government contracts for SpaceX—the bill threatens those lifelines.
Political Power & Ego: Musk and Trump both want influence. Control of platforms (X vs Truth Social), legislation, and public narrative—all are on the line. binance.com
Markets on Edge: Share prices, crypto exposure, and investor confidence are all teetering as each side escalates.
🔍 Bottom Line: Deep, Real, and Risky
This isn’t staged drama or a diversion—it’s a collision of massive wealth, political strategy, and media power. Each tweet can alter stock prices, shift crypto flows, and even influence policy.