According to The Kobeissi Letter, Elon Musk publicly criticized President Trump's Congressional spending bill, calling it 'massive, outrageous, pork-filled' and a 'disgusting abomination' (source: The Kobeissi Letter, June 3, 2025). This high-profile denouncement highlights rising concerns over inflation and fiscal policy, which often drive investors toward alternative assets like Bitcoin and Ethereum. Traders should monitor volatility in crypto markets, as negative sentiment toward government spending could fuel increased demand for decentralized assets (source: The Kobeissi Letter).