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Elon Musk and Trump Clash on Big Beautiful Bill: Is Bitcoin the Winner?

Written By Shubham Sahu
Fact Checked by Kritika Mehta
Published 2025-06-07·Updated 8 months ago
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Elon Musk and Trump Clash on Big Beautiful Bill Is Bitcoin the Winner

2025 looks like the year of clashes, whether it is the US vs. China trade war or India vs. Pakistan, this year the world has witnessed some of the greatest conflicts in history. Now, there is a feud between the world’s richest man, Elon Musk and the U.S. President Donald Trump, over the economic bill, known as the “One Big Beautiful Bill Act.”

What began as a bromance has now turned into a war of words. The whole drama started when Trump introduced the “One Big Beautiful Bill Act.” The bill offered major tax cuts, more government spending and the best part, a higher debt ceiling to make it happen. Imagine that America’s credit limit has been increased a lot, but the bill would be so high that your great-grandchildren would have to worry about it.

Things started to get interesting at this point. Among the many details in the bill were measures to cut electric vehicle tax credits and repeal rules for EVs. Translation? The company was about to suffer major losses in its bottom line.

Things escalated when in late May 2025, Musk started criticizing the bill, describing it as full of unnecessary spending and saying it would make the budget deficit worse. Musk said the bill was not properly reviewed by Congress and that he was not given a chance to look at its contents.

He went on to say that Trump is ungrateful, adding, “Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate.” He referred to the bill as a “ridiculous, pork-filled Congressional spending bill” and a “disgusting abomination.”

In response, Trump said he was disappointed because he had helped Musk a lot and didn’t expect the criticism. He stated Musk changed his mind after finding out about the reductions in EV incentives, implying Musk was bothered because Tesla would lose a lot of money. He talked about taking away government subsidies from Musk’s companies and doubted Musk’s decisions in political matters.

Before long, the feud turned into a public battle on social media (X and Truth Social). Musk attacked the supporters of the bill and laughed at Trump’s name for the legislation. Trump dismissed Musk’s impact and stated that he would have won the important states even without Musk’s support.

However, there is another side to this war also. As this political drama continues, Bitcoin is about to get the biggest marketing push it has ever seen. A friendly relationship between Donald Trump and Elon Musk has turned into a heated dispute, and crypto fans are having a great time watching it.

Bitcoin Grabs Attention Amid the Feud

As Trump and Musk fought on social media, those who support Bitcoin were celebrating. In the eyes of the crypto community, this situation turned out to be a great opportunity for Bitcoin to gain more users.

Brian Armstrong, CEO of Coinbase, said that Bitcoin might become the world’s reserve currency if Congress continues to spend recklessly. Max Keiser, who is a strong supporter of Bitcoin, said this spending would push Bitcoin to $2.2 million and right now, who wouldn’t agree with him?

EMPLOYEE OF THE MONTH‼️

Trump’s pumping his Bitcoin bags with this invite to print-to-death. 🫶👍

$2,200,000 incoming. https://t.co/JFV50eaIAl

— Max Keiser (@maxkeiser) June 4, 2025

However, the biggest highlight was when Samson Mow, a leading Bitcoin supporter, tweeted at Musk and encouraged him to invest in BTC. His advice? Tesla should start accepting Bitcoin again, SpaceX should give discounts to customers paying with Bitcoin and Musk should make sure the Federal Reserve uses Bitcoin.

Meanwhile, his second tweet was hilarious: “Make sure you move your crypto before they freeze your fiat accounts.” This is not meant to be taken as financial advice. Here is some advice on freedom.

The Reasons Behind Bitcoin Bulls’ Celebration

In reality, every government’s spending spree is a hidden advertisement for Bitcoin. When the supply of money increases too much, smart investors start searching for other options. Since the “Big Beautiful Bill” might cause trillions in new debt, Bitcoin seems to be the mature option.

John Deaton, an XRP lawyer, said that this bill acts as an advertisement for Bitcoin. Hayes, the founder of BitMEX, advised Musk to use Bitcoin to defend against endless government spending. Max Keiser also thought that Musk and Brian Armstrong were on the brink of becoming Bitcoin maximalists.

Moreover, Musk’s strong opposition did not stop the bill from passing the House by just a few votes. Trump was able to pass his healthcare bill, but at what expense? Due to their public feud, the relationship between Musk and the U.S. President has turned toxic, and it keeps giving Bitcoin supporters new reasons to celebrate.

What’s in Store for the Future?

While Trump and Musk fight it out on social media, it’s obvious that their broken friendship could be Bitcoin’s biggest win. When the rich fight about money and the government spends a lot, digital gold becomes a good option.

It is yet unclear if Musk will listen to Samson Mow and invest all his money in Bitcoin. Yet, there’s no denying that this political drama has given Bitcoin supporters a lot more support than they expected.

In some cases, the best marketing campaigns develop without much effort. Sometimes, these events arrive as an X battle between two of the world’s most important people.

Now, the only question left? Will you be ready when Bitcoin’s next bull run begins?

Also Read: XRP Price on Risk Losing $2 Support As Trump-Elon Feud Crashes Markets

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Bitcoin (BTC)Donald TrumpElon Musk
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