Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to read what experts say about Bitcoin (BTC) adoption, as the pioneer crypto’s influence in mainstream finance grows. Meanwhile, the ballooning US debt continues to undermine confidence in fiat currency, strengthening the case for Bitcoin as a hard, decentralized alternative and potential global reserve asset.
After featuring in multiple US Crypto News publications, Bitcoin advocate and financial commentator Max Keiser has shared more insights with BeInCrypto.
The Bitcoin pioneer believes that two of the world’s most powerful tech leaders, Elon Musk and Brian Armstrong, are about to make a decisive ideological shift toward Bitcoin maximalism.
In exclusive comments to BeInCrypto, Keiser suggested that both the Tesla CEO and the Coinbase founder may soon drop their relatively cautious stance in favor of full support for Bitcoin as the world’s reserve asset.
“Elon and Brian are about to shift from Bitcoin agnostics to full-blown Bitcoin maximalist mode,” Keiser told BeInCrypto.
Keiser’s outlook is rooted in deep concerns about the fragility of fiat currencies. He argued that the fundamental flaw in today’s monetary systems lies in using “worthless paper currency” as the denominator for global commerce. In his view, Bitcoin solves this problem.
“The problem has always been the denominator. You can’t build an economy on worthless paper currency, backed by nothing, that can be infinitely printed. Making Bitcoin the denominator for the global economy solves this problem,” he added.
Keiser’s remarks come amid heightened anxiety about the US fiscal trajectory. President Donald Trump’s proposed “Big Beautiful Bill” includes massive spending increases, which have drawn criticism across the political spectrum for threatening to expand the national debt to unsustainable levels.
Coinbase CEO Brian Armstrong weighed in on a post on X (Twitter). He warned that unless Congress acts to reduce the deficit and start paying down the debt, Bitcoin could organically emerge as the global reserve currency.
“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,” Armstrong wrote.
Tesla CEO Elon Musk echoed those concerns, warning in another post that the US government is dangerously close to being financially consumed by debt service.
“Interest payments already consume 25% of all government revenue. If the massive deficit spending continues, there will only be money for interest payments and nothing else,” Musk warned.
The total accrued US debt now sits at $37.5 trillion, with a formal ceiling of $36.2 trillion expected to be lifted to $40 trillion by September.
Musk responded to these developments by calling the new bill “the Debt Slavery Bill,” arguing that it marks the largest debt ceiling increase in US history.
This spending bill contains the largest increase in the debt ceiling in US history!It is the Debt Slavery Bill. https://t.co/7EEyUEha1q
— Elon Musk (@elonmusk) June 4, 2025
A recent US Crypto News publication indicated Bitcoin’s position as a life raft amid rising US debt. In the same way, Keiser believes this backdrop of monetary instability is creating the perfect storm for Bitcoin.
If Musk and Armstrong publicly pivot toward Bitcoin maximalism, it could dramatically shift public and institutional sentiment.
“When BlackRock talks Bitcoin with clients, they downplay the risk-on and digital gold narratives. Instead, they highlight BTC’s role as a hedge against monetary, political, and system instability. The rationale is evolving—so is the investor base: pensions, sovereigns, institutions,” wrote Jamie Coutts, chief crypto analyst at Real Vision.
While the US has so far avoided default, past near-misses have proven damaging. In 2013, a debt limit showdown cost the US economy an estimated 1% of GDP.
As interest payments balloon and political gridlock persists, Bitcoin’s fixed supply and decentralized structure increasingly stand out as an alternative monetary anchor.
With fiscal uncertainty accelerating and crypto leaders drawing clearer lines, Keiser’s prediction may soon be tested.
This chart illustrates the rising US federal debt from 1970 to 2025, showing a steady increase over the years.
The chart shows that the US public debt is projected to reach 156% by 2055, according to the Congressional Budget Office.
Here’s a summary of more US crypto news to follow today:
| Company | At the Close of May 5 | Pre-Market Overview |
| Strategy (MSTR) | $378.10 | $377.63 (-0.12%) |
| Coinbase Global (COIN) | $256.00 | $256.73 (+0.29%) |
| Galaxy Digital Holdings (GLXY.TO) | $20.08 | $20.76 (+3.39%) |
| MARA Holdings (MARA) | $15.67 | $15.66 (0.064%) |
| Riot Platforms (RIOT) | $9.50 | $9.50 (+0.00% |
| Core Scientific (CORZ) | $12.56 | $12.62 (+0.48%) |
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