Elon Musk criticizes the US government for introducing a tax-and-spending package that could increase the national debt by $5 trillion.
Musk considers the spending bill 'disgusting' and 'outrageous,' prompting calls for the public to urge senators and congressmen to rethink the decision.
Speculations arise in the crypto community that Musk's debt warnings could be interpreted as an endorsement of Bitcoin as a solution, with Coinbase's Brian Armstrong suggesting Bitcoin could become a reserve currency.
The relationship between Musk and former President Trump appears strained, as Musk steps down from his role and expresses concerns over the government's decisions, potentially influencing his recent stance on debt and Bitcoin.