The concept Elon Musk may quickly align himself with hard-line Bitcoin orthodoxy stopped being a fringe meme in a single day. It started when long-time BTC advocate and broadcaster Max Keiser declared on X yesterday that the Tesla and SpaceX chief govt “is on the point of going FULL BITCOIN MAXIMALIST.”
Keiser’s declare was prompted by a salvo of posts from Musk condemning the Republican “One Massive Stunning Invoice Act,” a sweeping reconciliation measure that might lengthen the 2017 tax cuts and lift the statutory debt ceiling by roughly $5 trillion. The Congressional Finances Workplace’s rating exhibits that the invoice would widen main deficits by about $2.4 trillion over the subsequent decade, swelling to roughly $3 trillion as soon as curiosity prices are included.
Musk framed the laws because the tipping level for an already harmful fiscal trajectory. “We pay over $100 billion per 30 days in curiosity on the nationwide debt. $1.2 trillion per yr. That’s about 25 % of all authorities income,” he posted, warning that if unchecked deficit spending continues “there’ll solely be cash for curiosity funds and nothing else! No Social Safety, no medical, no protection … nothing.” In a separate publish, he blasted the US as being “within the quick lane to debt slavery.”
Whereas Musk’s figures mirror forward-looking calculations reasonably than the Treasury’s official $909 billion net-interest line-item for fiscal 2024, the path is corroborated by CBO projections that put annual net-interest outlays above $950 billion subsequent yr and nicely previous $1.8 trillion by 2035 if coverage stays unchanged.
Elon Is One Step Away From Going Full Bitcoin Maxi
The change that lit up Bitcoin circles got here when Coinbase CEO Brian Armstrong posted: “If the voters doesn’t maintain congress accountable to lowering the deficit, and begin paying down the debt, Bitcoin goes to take over as reserve forex. I really like Bitcoin, however a powerful America can be tremendous vital for the world. We have to get our funds below management.”
Musk responded with a solitary US-flag emoji, an acknowledgment many interpreted as silent assent.
Bitcoiners rapidly seized on the sign. Investor Cory Bates urged, “It’s time to utter the protected phrase,” reviving Musk’s 2020 quip “Bitcoin is my protected phrase.” Joe Burnett of Unchained Capital mentioned Musk was “extremely shut to completely embracing a Saylor-like bitcoin treasury technique with Tesla, SpaceX, and X.”
Analyst Will Clemente mused that Musk’s “Bitcoin maxi arc [is] subsequent,” whereas Anthony Pompliano argued that the “largest center finger Elon Musk might give to the institution politicians hell bent on losing taxpayer cash can be to publicly purchase billions of {dollars} of Bitcoin.” Creator Adam Livingston added that BTC “neutralizes debt slavery by anchoring capital to finite, incorruptible power … you may’t inflate 21 M.”
Tesla already owns 9,720 BTC — a place marked to $1.08 billion at year-end 2024 and now estimated above $1.25 billion after BTC’s spring rally — however the firm has neither added to that stack since late 2024 nor adopted it as a useful treasury reserve à la MicroStrategy. Musk’s newest feedback cease wanting asserting such a pivot, but they place him rhetorically alongside figures who argue that Bitcoin is the one credible hedge in opposition to fiscal profligacy.
Whether or not this episode represents a real ideological shift or one other of Musk’s high-visibility thought experiments stays unsure. What is evident is that the billionaire’s critique of US debt dynamics now echoes core speaking factors of Bitcoin’s most uncompromising proponents.
At press time, BTC traded at $104,709.
Featured picture created with DALL.E, chart from TradingView.com
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