Musk calls the Congressional bill a “disgusting abomination” filled with waste.
The bill’s $1.6T discretionary spending includes $895B defense and $711B non-defense funds.
Coinbase CEO warns Bitcoin could replace the dollar if deficit spending continues unchecked.
Pro-XRP lawyer John Deaton has suggested Elon Musk and Tesla may purchase additional Bitcoin following the Tesla CEO’s harsh criticism of the recent Congressional spending bill. Deaton’s prediction comes as Musk launched a scathing attack on what he termed a “pork-filled” legislative package.
“Wouldn’t be surprised to see Elon and Tesla buy more Bitcoin. The Big Beautiful Bill is a walking billboard and advertisement for buying Bitcoin,” Deaton posted on X, directly replying to Musk’s criticism of the FY2025 budget.
Wouldn’t be surprised to see Elon and Tesla buy more Bitcoin. The Big Beautiful Bill is a walking billboard and advertisement for buying Bitcoin. https://t.co/29mGiAptR4
— John E Deaton (@JohnEDeaton1) June 3, 2025
Musk’s frustration was evident in his social media response: “I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spen…
The post Deaton Predicts Elon Musk Will Buy More Bitcoin After Spending Bill Sparks Fury appeared first on Coin Edition.
