Elon Musk and Tesla Planning to Buy More Bitcoin (BTC)? Here are the Facts!

Updated

June 4, 2025

Gambar Elon Musk and Tesla Planning to Buy More Bitcoin (BTC)? Here are the Facts!

Jakarta, Pintu News – Amid fears of inflation and controversial fiscal policies, Elon Musk and his company, Tesla, are rumored to be increasing their holdings in Bitcoin . John Deaton, a prominent crypto lawyer, predicts this major move as a response to government policies that are considered excessive. Musk’s criticism of the recently passed “Big Beautiful Bill” adds to this speculation.

Predictions on Tesla’s Purchase of Bitcoin

Wouldn’t be surprised to see Elon and Tesla buy more Bitcoin. The Big Beautiful Bill is a walking billboard and advertisement for buying Bitcoin. https://t.co/29mGiAptR4
— John E Deaton (@JohnEDeaton1) June 3, 2025

John Deaton, in a post on X, stated that it would not be surprising if Elon Musk and Tesla decided to buy more Bitcoin (BTC). According to Deaton, the “Big Beautiful Bill” is a walking billboard for buying Bitcoin (BTC). This comment comes after Musk strongly criticized the Congressional spending bill which he called a “disgusting abomination”.

Musk, known for his sharp views on fiscal policy, highlighted how the bill increases spending in several sectors, including defense, and also includes provisions to raise the debt limit. With the US debt potentially reaching $4 trillion, speculation about further money printing has intensified, which, according to Deaton, strengthens the case for restricted assets like Bitcoin (BTC).

Also Read: Pi Network (PI) Token is Ready to Flood! What Happens If the Price Falls Below IDR6,500?

Comment on Michael Saylor’s Latest Move

I’m sorry, but I just can’t stand it anymore.

This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.

Shame on those who voted for it: you know you did wrong. You know it.
— Elon Musk (@elonmusk) June 3, 2025

Besides Elon Musk, Michael Saylor and his company, Strategy, are also in the spotlight for their latest stock offering to buy more Bitcoin (BTC). Strategy is offering a 10% dividend on this proposed share sale. Deaton, in his commentary, expressed concerns that Bitcoin (BTC) maximalists may be overextending themselves, which could set the stage for poor results in the future.

While Deaton acknowledges that this adverse outcome may be a few years away, he emphasizes the importance of being aware of the risks that may arise. Having 80% of his net worth in Bitcoin (BTC), Deaton himself seems confident in the cryptocurrency’s long-term value, although he cautions about potential risks.

Market Reaction and Broader Implications

That's a bit rich coming from a dude whose companies received tens of billions of US govt subsidies. Do as I say, not as I do, I guess…

Anyway just buy $BTC cause we know a growing complex adaptive organism, the govt, never stops eating.

Source: https://t.co/KimDLLlqfH https://t.co/BeaSJacA64
— Arthur Hayes (@CryptoHayes) June 3, 2025

Predictions and comments from figures such as John Deaton and Arthur Hayes, co-founders of BitMEX, suggest there is strong support in the crypto community for the purchase of Bitcoin (BTC) by large corporations. If Tesla does increase their investment in Bitcoin (BTC), this could be a strong signal for other companies to follow their lead.

The move could also strengthen Bitcoin’s (BTC) position as a “safe haven” amid global economic uncertainty. With more companies incorporating Bitcoin (BTC) into their balance sheets, the potential for stabilization and wider adoption of the cryptocurrency is opening up.

Conclusion

A lot of people talk about being a Bitcoin Bull. Considering I disclosed to the Federal Election Committee that 80% of my net worth was in Bitcoin (August 2024 Senatorial financial disclosures) and took on @ewarren, despite the odds and who’s bill acted as a de facto ban against… https://t.co/MR6ubS967i pic.twitter.com/QasbA6tl9e
— John E Deaton (@JohnEDeaton1) June 3, 2025

With the ever-changing global economic situation and increasingly uncertain monetary policies, cryptocurrencies like Bitcoin (BTC) seem to be increasingly becoming an attractive investment option. Predictions from figures like John Deaton add weight to the view that a new era of institutional adoption of Bitcoin (BTC) may be on the horizon.

Also Read: XRP is in Freefall! Is This a Sign of a Big Storm in the Crypto World?

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