Context for Chatgpt:
At the beginning of June, there was a very public dispute with social networks against the former allies of Donald Trump and Elon Musk. After a period of apparent peace, the conflict seems to continue.
This renewal of the conflict between two entrepreneurs stems from the latest criticism of Elon Musk against the law on the “Great and Beautiful Law” designed by Trump, which caused a scary reaction from the last and revived tensions that have already shaken the financial markets.
Elon Musk and Donald Trump meet again
The conflict between Musk and Trump continued when Tesla’s CEO published several tweets criticizing the bill of the US President and called him “Bill for slavery debt”, except for charging supporters.
“Every member of the congress who led the campaign for reducing public spending and then immediately voting for the greatest increase in debt in history should shame the head!” Said.
Musk expressed his obligation to take all the necessary measures to ensure that these politicians were defeated during their primary elections next year, and emphasized its determination to remain responsible for their actions. He also stressed that the bill could have disastrous consequences on debt.
“It is obvious, with the mad expenditure of this law that increases the ceiling of the debt by five billion dollars we live in a country with a single party: Pig Party! It is time to see a new political party that really takes care of people,” he said.
The millionaire, who strongly supported Trump in the presidential election, even demanded the creation of a new political party.
“If this mad expenditure law is adopted, the US side will be trained the next day. Our country needs an alternative to a single democratic Republican party to have people really vote,” he added.
This series criticism caused President Trump to respond. He, in turn, accused Elon Musk of mining excessive government subsidies and suggested that billionaire companies consider it difficult to survive without them.
“Elon could get more subsidies than any human being in history, by far. Without subsidies, Elon should probably close the business and return home to South Africa. More launchers, satellites or electric cars production and our country would save happiness.
The crypto market quickly felt the first tremor of this new confrontation. In fact, 5 out of the 10 main cryptos have noticed losses in the last 24 hours, Dogecoin (Duge), Musk’s favorite, was at the top of the decline. Bitcoins (BTC) and Ethereum (ETH) have seen modest losses during the last day.
In addition, the analysis of the English team Beincrypto revealed that bitcoins face pressure down and if the current trend continues, it could experience another decline. It is also interesting to note that although the impact remains still contained so far, historical formulas indicate more volatile volatility.
In June 2025, the initial Musk-Trump quarrel led to a drop in 5.1 % on the market and raised almost a billion dollars in liquidation. Therefore, if the conflict intensifies, the market could still undergo consequences.
Morality of History: Crypto and politics do not always go hand in hand.
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