In the grand theater of social media, a most curious spectacle unfolds, as the illustrious Elon Musk finds himself embroiled in a most unexpected duel with none other than the President of the United States, Donald Trump. The crypto world, ever so sensitive to the whims of these titans, quivers in anticipation. Musk, with a flourish, took aim at a recent spending bill, igniting a firestorm of controversy. Trump, not one to shy away from a challenge, swiftly threatened to sever Musk’s government contracts. Oh, how the plot thickens!
The Musk-Trump Tiff: A Crypto Soap Opera
On the fateful day of June 4, Musk unleashed a tweet, decrying what he termed “reckless government spending.” His words, laden with foreboding, warned of “serious economic risks.” In a matter of moments, Trump retaliated, brandishing threats to withdraw subsidies and contracts linked to Tesla. The result? A staggering $150 billion evaporated from Tesla’s market value, leaving investors in a state of shock, as if they had just witnessed a magician’s trick gone awry.
Market Mayhem and Price Fluctuations
As the dust settled, Bitcoin, that ever-volatile beast, plummeted by more than 5%, dipping to a low of $100,550 before finding a semblance of stability around $102,400. XRP, too, was not spared from this tempest, as it tumbled alongside its fellow cryptocurrencies. Traders, like sailors caught in a storm, experienced swift declines followed by a modest rebound, as if the market were playing a cruel game of musical chairs.
“I believe @elonmusk will do anything to make @Ripple $XRP the chosen one, while @EricTrump, @DonaldJTrumpJr, and @realDonaldTrump watch @worldlibertyfi and @bitcoin crash before their very eyes. Right, @elonmusk?”
— Joshua Dalton (@J9Dalton) June 5, 2025
The XRP Community Chimes In
Enter Joshua Dalton, the audacious founder of TRIBLU, who stirred the pot with a bold proclamation. He posited that Musk might select XRP as the primary currency for his forthcoming payment system, X Money. Dalton, in a fit of enthusiasm, declared that Musk “will do anything” to elevate XRP to its rightful throne.
In a single tweet, he tagged Ripple, Musk, Trump, and his sons, transforming the drama into a veritable showdown of crypto loyalties. Who knew that the world of digital currency could be so delightfully theatrical?
Technical Suitability for X Money
XRP, with its promise of swift settlements and lower fees compared to Bitcoin, stands as a formidable contender. Recall, if you will, Musk’s decision in 2021 to suspend BTC payments for Tesla, citing concerns over energy consumption and centralized mining. A bold move, indeed, demonstrating his willingness to pivot when a coin fails to align with his grand vision.
In a viral video from October 2024, Musk even alluded to XRP, hinting at its potential to resist central control, though he stopped short of a full endorsement. With X Money set to debut later in 2025, XRP’s architecture for cross-border transfers may very well align with Musk’s aspirations.
Yet, analysts caution against naivety. Ripple retains a significant portion of XRP, and the watchful eyes of US regulators loom large. Any substantial maneuver would require legal approval and ample liquidity on exchanges. Nevertheless, the notion of an “everything app” powered by XRP continues to circulate in crypto discussions, like a tantalizing rumor at a soirée.
Read More
- Gold Rate Forecast
- Green County secret bunker location – DayZ
- ‘iOS 18.5 New Emojis’ Trends as iPhone Users Find New Emotes
- How to unlock Shifting Earth events – Elden Ring Nightreign
- [Mastery Moves] ST: Blockade Battlefront (March 2025)
- Love Island USA Season 7 Episode 2 Release Date, Time, Where to Watch
- Green County map – DayZ
- Etheria Restart Codes (May 2025)
- Pixel Heroes Character Tier List (May 2025): All Units, Ranked
- How To Beat Gnoster, Wisdom Of Night In Elden Ring Nightreign
2025-06-07 17:47