​​Trump-Musk Clash Over Economic Policy, Spending Bill

U.S. President Donald Trump and billionaire Elon Musk traded barbs on Thursday over the administration’s sweeping tax-cut and spending bill, just a week after Musk exited his advisory role.

What began as a critique of the government’s $1.7 trillion spending bill quickly escalated into a full-blown public spat. Musk publicly denounced the bill, citing concerns over its impact on the already staggering $36.2 trillion national debt. Trump initially remained silent but later used a White House press briefing to express dismay at Musk’s comments.

Trump and Musk are no longer on good terms, and the market reacted.

The Coinbase Prime Index turned negative, meaning big US investors and whales are now more bearish.

#rippleeffect