On June 5, 2025, Elon Musk accused Donald Trump of being involved in the Jeffrey Epstein files, sparking a public feud on X.
Musk and Trump's relationship soured over policy disagreements and personal grudges, leading to market reactions and tensions escalating on X.
Musk's shift away from crypto enthusiasm, particularly Dogecoin, amid the feud with Trump has caused concerns in the crypto community.
Trump's pro-Bitcoin stance contrasts Musk's distancing from crypto, creating uncertainty in the market and potential impacts on prices and investor sentiment.