News View Non-AMP

Bitcoin Slips as Trump Threatens to Send Elon Musk Back to South Africa in Fiery Feud

Published by
Anjali Belgaumkar

The crypto market opened the week on a volatile note as Bitcoin prices dipped slightly into the red while an explosive political drama played out in Washington.

Just weeks after the U.S. President Donald Trump publicly praised Elon Musk as a “wonderful man,” their relationship took a sharp, unexpected turn. As the Senate debated Trump’s much-hyped spending legislation,  nicknamed the “big, beautiful bill,”  Musk fired back with a threat. The Tesla and SpaceX CEO announced that if Trump’s bill passed, he would launch a brand-new political party called The America Party.

But Musk didn’t stop there. Taking to his platform X, the billionaire slammed lawmakers for approving what he called the “biggest debt increase in history.” He warned that those who supported the bill would lose their primary elections next year, vowing to make it happen “if it’s the last thing I do on this earth.”

Trump hit back just as hard. In a post on Truth Social, the president accused Musk of being deeply dependent on government subsidies, hinting that without federal support, Musk would have to “close up shop and head back home to South Africa.” 

“No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE. Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED,” Trump wrote.  “I am literally saying CUT IT ALL. Now,” Musk said.

The public feud comes at a tense time for the crypto market. Bitcoin slipped by 0.72% in the past 24 hours, now trading at $106,743. Other major cryptocurrencies like Ethereum, Solana, and XRP also showed mixed movements. 

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Top 5 RWA Tokens To Buy in Q4 2025

These days the integration of traditional assets into blockchain is not slow anymore; the sector…

September 23, 2025

Trump-Linked WLFI to Launch Debit Card and Retail App ‘Very Soon’

Trump-backed World Liberty Financial (WLF) is stepping up its crypto game, launching new products and…

September 23, 2025

Bitcoin , Ethereum and XRP Price Prediction Ahead of Powell Speech Today -23rd SEP

The financial markets are bracing their seats with tighter grip for heightened volatility as traders…

September 23, 2025

Top 20 Cryptos in Focus as WisdomTree Files Fund in Delaware

WisdomTree has registered its CoinDesk 20 Fund in Delaware, designed to track the top 20…

September 23, 2025

CryptoQuant: Bitcoin Price Awaits Breakout Ahead of U.S. Jobless Claims, GDP, and PCE Data

Bitcoin kicked off the week with a sharp drop, slipping under $112K and wiping out…

September 23, 2025

Forget Hype, MAGAX Presale Is Next The Moonbound

Following initial bullish momentum, Hyperliquid (HYPE) seems to have cooled over the past week. Market…

September 23, 2025