Elon Musk has publicly condemned a GOP-led Congressional spending bill as a “disgusting abomination,” prompting former President Donald Trump to threaten withdrawal of government subsidies from Musk’s companies, including Tesla and SpaceX.
The conflict raises significant concerns about the stability of federal subsidies for Musk’s ventures and casts uncertainty over broader public-private partnerships within the technology sector.
Amid the political tensions, Bitcoin (BTC) has demonstrated notable resilience, trading above $108,000 with a 34.36% price surge over the past 90 days. This performance reinforces its perceived role as an alternative store of value during institutional uncertainty.
Historical patterns indicate Musk’s political engagements frequently trigger market volatility, highlighting the acute sensitivity of his enterprises to policy shifts. The ongoing dispute underscores technology leaders’ expanding influence in political and financial spheres, potentially reshaping long-term regulatory frameworks and market dynamics.