Elon Musk Slams $5 Trillion GOP Bill, Sparks Bitcoin Buzz

Elon Musk has intensified his criticism of a new Republican-backed tax-and-spending bill, warning it would raise the U.S. debt ceiling by $5 trillion. In a recent social media post, the Tesla and SpaceX CEO urged GOP Senators to "kill" the bill, calling it a "disgusting abomination" that threatens America’s financial stability.

Musk’s outspoken stance has reignited speculation in the crypto world. Many Bitcoin advocates interpret his comments as a veiled endorsement of the cryptocurrency, viewing the looming debt crisis as a reason to hedge with decentralized assets like Bitcoin. His remarks have fueled renewed calls for him to add the famous "laser eyes" to his profile again—a symbolic gesture among crypto believers.

Adding to the conversation, Coinbase CEO Brian Armstrong recently warned that Bitcoin could replace the U.S. dollar as the global reserve currency if Washington fails to curb its escalating debt. Musk responded to Armstrong’s post, amplifying concerns about the long-term consequences of unchecked government spending.

This isn’t the first time Musk has connected economic policy with cryptocurrency. Although he’s been relatively quiet about Bitcoin in recent years, his latest comments have revived enthusiasm among crypto investors who see BTC as a safeguard against inflation and fiscal mismanagement.

As the debate over the bill intensifies in Congress, Musk’s high-profile critique is drawing attention not just from political observers but also from financial markets and digital asset communities. The billionaire’s influence continues to sway both investor sentiment and political discourse, especially at the intersection of national debt and decentralized finance.