Elon Musk has a one-word response to Coinbase CEO originally appeared on TheStreet.

On June 4, Coinbase CEO Brian Armstrong took to X to bring attention to the rising U.S. debt saying that if Congress doesn't reduce the burgeoning national debt, which now stands at $36.9 trillion, Bitcoin might become the world's reserve currency.

Armstrong said, "If the electorate doesn't hold congress accountable to reducing the deficit, and start paying down the debt, Bitcoin is going to take over as reserve currency."

"I love Bitcoin, but a strong America is also super important for the world," Armstrong added. Interestingly, Elon Musk, the CEO of Tesla, SpaceX and X, also replied to Armstrong's post with a U.S. flag, showing support to Armstrong's statement.

Musk himself took to X on Wednesday, describing the U.S. Congress' newly approved spending bill as a "massive, outrageous, pork-filled… abomination" that would skyrocket the federal deficit to $2.5 trillion.

The "big, beautiful bill" is President Donald Trump's massive tax and spending package, which extends key provisions of the 2017 Tax Cuts and Jobs Act and eliminates a host of non-military government programs.

According to the Congressional Budget Office, the estimate warns that it could increase the national debt by trillions of dollars and cut Medicaid for more than eight million Americans by 2034.

"I just can't stand it anymore," Musk wrote, denouncing what he called the unsustainable debt levels that would ultimately fall on future generations.

The tirade followed closely on the heels of a farewell to Musk from Trump administration, where he was leading the Department of Government Efficiency (DOGE).

Musk's comments sparked a storm of reactions in the crypto community, including from Wayne Vaughan, a key opinion leader, who encouraged Musk to buy Bitcoin as a reserve asset, much to the likes of Strategy.

Vaughan said, "Announce your company is buying Bitcoin because of the out-of-control government spending."

Elon Musk has a one-word response to Coinbase CEO first appeared on TheStreet on Jun 4, 2025

This story was originally reported by TheStreet on Jun 4, 2025, where it first appeared.