According to Fox News, Elon Musk publicly supported Thomas Massie's view that the recently passed debt bill represents a 'debt bomb ticking' and a 'missed opportunity' for conservatives (source: Fox News Twitter, June 5, 2025). For traders, this high-profile criticism underscores growing concerns about U.S. fiscal stability, which historically increases demand for decentralized assets like Bitcoin and Ethereum. Any perception of increased government debt risk may drive capital flows into cryptocurrencies as a hedge, potentially impacting BTC and ETH price volatility in the short term.

According to Crypto Rover, Congressman Thomas Massie has reintroduced a bill aiming to abolish the Federal Reserve. This move could lead to significant money printing under Trump's potential administration, which is seen as bullish for Bitcoin due to the potential devaluation of fiat currency.