Jack Dorsey continues his efforts to promote Bitcoin, urging its use amidst discussions about the US debt ceiling. At the same time, prominent figures like Elon Musk criticize the proposed new spending.
Musk vs. the 'Beautiful Bill'
Elon Musk expressed his criticism of a new bill that proposes a $2.5 trillion increase to the US budget. Musk described the bill as a 'debt slavery bill' and urged against its passing, stating that it would increase the country's budget deficit. He added:
> 'Bankrupting America is NOT OK! KILL the BILL.'
Trump's Unexpected Turn on Debt Ceiling
Recent statements from former President Trump endorsing the abolition of the debt ceiling surprised many. He claimed that it could prevent economic disaster, despite his prior support for the 'beautiful bill'. This spontaneous shift has become a topic of discussion, and Bitcoin proponents see it as support for the cryptocurrency's growth.
Bitcoin Maxis See Bill as Bullish
Some Bitcoin advocates, like Max Keiser and Brian Armstrong, believe that increased government spending may benefit Bitcoin. They argue that printing more money weakens the dollar and strengthens Bitcoin's position as an alternative.
The situation surrounding the new debt ceiling and the positions of key figures in the cryptocurrency world highlight the importance of Bitcoin in the current financial context. The future developments will unfold in the coming days.
