CoinDesk Podcast Network Elon Musk Blasts Trump's One Big Beautiful Bill | COINDESK DAILY
Jun 5, 2025
Elon Musk criticizes President Trump's spending package, labeling it a 'Debt Slavery Bill.' The discussion delves into the implications of economic policies on national debt. Listeners also explore current Bitcoin market trends, including potential price corrections. Exciting developments with wrapped tokens for XRP and Dogecoin are highlighted, showcasing the evolving landscape of cryptocurrency.
AI Snips
Chapters
Transcript
Episode notes
Musk Critiques Trump's Spending Bill
- Elon Musk called Trump's spending package the "debt slavery bill" and a fiscal disaster.
- It marks the largest increase in the U.S. debt ceiling, adding trillions to the deficit.
Use Ledn for Bitcoin Loans
- Use Ledn for Bitcoin-backed loans to access cash without selling your Bitcoin.
- They offer no credit checks, no monthly payments, and fast fund access.
Bitcoin Price Signals Mixed Outlook
- Bitcoin's 50-day moving average hit a record high, signaling bullish outlook but with mixed signals.
- Narrowing spread suggests buying pressure is waning and a price pullback could occur.