From Yahoo Finance.: 2025-06-01 10:58:00

Tesla CEO Elon Musk has raised concerns about U.S. fiscal issues. Bitwise CEO Hunter Horsley sees Musk’s comments as a case for Bitcoin. BitMEX founder Arthur Hayes believes Trump’s economic policies could boost Bitcoin to $200,000 by year-end and $1 million by 2028.

The U.S. faces a troubling fiscal situation, with a credit rating downgrade and $36.2 trillion debt. Musk supports Trump’s policies to tackle the crisis. Treasury Secretary Bessent aims to stabilize debt-to-GDP ratio by growing the economy faster than debt.

Musk advocates for GDP growth to solve fiscal challenges. Horsley views Musk’s stance as a reason to invest in Bitcoin. Hayes predicts a surge in Bitcoin’s price due to Trump’s policies. Treasury buybacks could drive Bitcoin’s price to $1 million by 2028.

Read more: Bitwise CEO Reacts To Elon Musk’s Call To Accelerate GDP Growth