Trump says his 'great relationship' with Elon Musk could be over originally appeared on TheStreet .
President Donald Trump said that his once "great relationship" with Elon Musk could be ending as he defends his "great big beautiful bill."
"I don't know if we will anymore," he said when the press asked him about his relationship with Musk.
At press time, the entire crypto market is painted red. Bitcoin is trading at $103,932.49 , down by 1.25% over the last 24 hours, as per Kraken .
Earlier this week, when Coinbase CEO Brian Armstrong hinted that the 'big, beautiful bill' could inflate U.S. debt and make Bitcoin the reserve currency, Musk agreed and replied with a U.S. flag to his post.
Musk has since then took to social media X to publicly criticize President Trump's spending bill describing it as a "Debt Slavery Bill' and noting it would add trillions to the national deficit. He also called for Americans to contact their representatives and posted a Kill Bill-style image blasting the bill.
Seeing Musk's vocal support against the bill, the crypto community also responded by making a meme coin of the same name.
However, Musk is not the only billionaire who has opposed this bill. Pro-crypto billionaire Tim Draper slammed the bill and proposed that Bitcoin could be the only hedge against the overspending the U.S. government is hooked to.
Billionaire Ray Dalio also echoed a similar sentiment saying that the U.S. might be close to a debt crisis. He said, "this dynamic leads to a self-reinforcing debt, money-printing, and inflation spiral."
At the time of writing, Tesla shares (TSLA) have also been impacted and is trading at $310.50, down by 6.59%.
Trump says his 'great relationship' with Elon Musk could be over first appeared on TheStreet on Jun 5, 2025
This story was originally reported by TheStreet on Jun 5, 2025, where it first appeared.
