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Elon Musk spending bill Flash News List | Blockchain.News
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List of Flash News about Elon Musk spending bill

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2025-06-04
18:13
US Government Spending Predicted to Rise by $407 Billion in 2025: Crypto Market Faces Deficit Crisis Impact

According to @Kalshi, prediction markets now expect US Government spending to increase by $407 billion in 2025, reflecting a growing deficit crisis despite cost-cutting measures such as DOGE cuts and public criticism from Elon Musk regarding the new spending bill. Traders should note that rising government spending and deficits tend to drive inflation expectations, which historically influence crypto market sentiment and may increase demand for Bitcoin and stablecoins as inflation hedges (source: @Kalshi, Twitter).

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