Musk Criticizes Trump's Tax Cut Bill, Calling It "Debt Enslavement"

Tesla CEO Elon Musk publicly criticized the Trump administration's newly introduced comprehensive tax cut bill this week, calling it a "debt enslavement" and suggesting that Bitcoin (BTC) should become the U.S. reserve currency. The bill will add $2.4 trillion in national debt and cut $3.75 trillion in taxes, which is expected to result in 7.8 million people losing their health insurance. Musk referred to the bill as a "disgusting monster" and included an American flag emoji in response to Brian Armstrong's comments on Bitcoin.