According to The Kobeissi Letter, Elon Musk proposed the idea of moving all US government spending, amounting to $6.9 trillion annually, onto a blockchain platform. This transition could significantly decrease audit costs by using a decentralized ledger, enhancing transparency and efficiency. The proposal suggests that blockchain technology could streamline financial operations, providing a potential new market for blockchain developers and traders to explore. The impact on cryptocurrency markets could be substantial, as such a move would likely increase demand for blockchain solutions.

According to The Kobeissi Letter, the US Pentagon's audit in 2018 cost $1 billion, marking it as the most expensive audit ever. Adjusted to 2024, these costs are estimated at $1.5 billion. This financial inefficiency may affect defense-related stocks and government bonds due to increased scrutiny and potential budget reallocations.