Since Elon Musk and Donald Trump there was an altercation, markets were reeling and social media was filled with discussions of the so-called «Big Beautiful Bill.»
The clash between the sitting US president and the world’s richest man has also stirred up prediction markets, with one $134,277 bet offering a 30% chance that both big names will bury the hatchet before July.
In terms of details that are important for predicting the outcome of the event, Elon Musk called the bill a “disgusting abomination.” In his opinion, it will increase the federal deficit and the national debt, which will obviously negate his achievements as the DOGE director.
For reasons no one can explain, because of this Bitcoin (BTC) briefly fell to the $100,000 level, but by June 8th it had already rebounded to the $106,000 zone.
Trump responded by saying he would have won the election without Musk’s help, saying he was angry about changes to electric vehicle regulations. The US president also promised to cut billions in federal subsidies Musk’s businesses receive.
Prediction markets reacted immediately with speculation that the billionaire would become the next US president.
On rival prediction platform Kalshi, users believe there is a 40% chance that Trump will strip Musk of his security clearance, another 12% bet that Musk will return to Trump’s inner circle, and a 24% chance that Musk will actually form a political party.
Author of the resource bitcoin.com called the spat between Musk and Trump a spectacle of ego and insults. Meanwhile, it is politics bordering on parody that is capturing people’s attention, distracting them from the abundance of real problems.
