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Newsmax host says he thinks Trump might be "working in tandem with Elon here to tank his own bill in a 4D
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🚨 Elon Musk Backs Coinbase CEO: Bitcoin Could Replace the U.S. Dollar Amid Surging National Debt Bitcoin is gaining renewed momentum as both Elon Musk and Coinbase CEO Brian Armstrong raise red flags over America’s escalating fiscal crisis—warning that if Washington doesn’t reverse course, Bitcoin could emerge as the next global reserve currency. On June 3, Armstrong took to X (formerly Twitter) to sound the alarm, reacting to a viral post from World of Statistics highlighting the relentless growth of U.S. federal debt—from $23.2 trillion in 2019 to a projected $36.9 trillion by 2025. “If voters don’t hold Congress accountable for reducing the deficit and paying down the debt, Bitcoin is going to take over as the reserve currency,” Armstrong warned. “I love Bitcoin—but a strong America is also important for the world. We need to get our finances under control.” His remarks struck a chord with Elon Musk, who reposted the statement with an American flag emoji—signaling clear support. Musk didn’t stop there. Responding to the debt chart, he bluntly stated: “Congress is making America bankrupt.” He slammed the government’s latest omnibus spending bill—nicknamed “One Big Beautiful Bill”—as fiscally reckless, predicting it would push the federal deficit to $2.5 trillion. While Musk often plays coy about Bitcoin, his financial footprint says otherwise. According to Arkham Intelligence: • Tesla holds 11,509 BTC • SpaceX owns 8,285 BTC • Musk personally holds BTC, ETH, and DOGE, with Bitcoin being the largest share These holdings reveal a significant bet on crypto—not just as an investment, but potentially as a long-term hedge against a declining U.S. financial position. As pressure mounts on the U.S. economy and public trust in fiat weakens, this endorsement from two of tech’s most influential voices is stoking serious conversation: Could Bitcoin really replace the dollar as the world’s financial backbone?
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WHY DID $BTC & THE ENTIRE MARKET DUMP?! 😱💥 What’s really behind this sudden pullback? Let’s break it down 👇 🔍 1. Liquidity Hunt Markets are aggressively liquidating over-leveraged long and short positions. Classic shakeout move — clearing the board before the next big move. 🔥 2. Trump vs. Elon Drama Tension between Trump and Elon Musk hit the spotlight, with Elon calling out Trump and dropping negative remarks. The market reacted sharply to the sentiment shift — fear triggers fast exits. 📉 3. Jobs Data Fears At 8 PM UTC, key U.S. jobs data drops. Analysts expect it to be worse than last month, which raises red flags about economic stability. The market is pricing in the fear — selling ahead of bad news. 💬 These are a few of the major factors behind today’s pullback. What’s your take? Drop your thoughts in the comments! #BTC #MarketDump #CryptoCrash #Pullback
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Offer me money. Offer me power. I don’t care. I’ll say what I want to say and if the consequence of that is losing money so be it.” — Elon Musk
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TRUMP JUST NOW: “Elon and I had a great relationship, I don’t know if we will anymore.”
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Why is Trump and Elon Musk Fighting and the market is crashing? Drop comments?
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