Is Elon Musk Secretly Buying Bitcoin?

It began with a like.

Elon Musk and Bitcoin – it’s a relationship that by no means actually goes quiet. For years now, there’s been fixed chatter round whether or not the Tesla CEO is quietly shopping for extra BTC, particularly throughout unsure occasions. Some even imagine he’s stacking to guard in opposition to what they see as a weakening U.S. greenback.

That buzz simply received louder once more. Right here’s why.

The Tweet That Sparked It All

A crypto analyst and reporter from Bitcoin Journal shared a daring replace on X:

“$400 BILLION WORLD’S RICHEST MAN JUST LIKED A X POST SAYING HE’S SECRETLY BUYING #BITCOIN 👀 ELON MUSK IS BUYING BTC!!! 🚀”

It began with a tweet declaring how Musk has been vocal about authorities overspending and financial mismanagement – however hasn’t talked about Bitcoin shortly.

A reply advised he may be quietly shopping for. That’s the put up Musk appreciated and sure, it seems just like the like got here from his verified profile.

Some customers had been fast to name it faux, however @coinjoined, the unique poster, shared a display recording displaying the like got here from Musk’s official account. There’s been no official remark, however it hasn’t stopped Crypto Twitter from going all-in on hypothesis.

Timing Issues – Musk vs Trump Over the “Large Stunning Invoice”

The timing is unquestionably attention-grabbing. It comes at a time when Musk is clashing with Donald Trump over the controversial “Large Stunning Invoice” – an enormous spending plan that features tax breaks for the rich, plans for mass deportations, and a $5 trillion debt ceiling elevate.

Musk, who was as soon as head of the Division of Authorities Effectivity (DOGE), slammed the invoice, calling it a “disgusting abomination.” Trump hit again on Reality Social, suggesting Musk wouldn’t survive with out authorities subsidies and he must “pack up and transfer again to South Africa”.

All of this provides to the stress and offers extra weight to the concept Musk might be quietly transferring cash into Bitcoin as a hedge.

Tesla’s Bitcoin Holdings: No Gross sales, Extra Rumors

Tesla already holds 11,509 BTC, value round $1.24 billion at present costs. They usually haven’t offered a single coin just lately, at the same time as Bitcoin hit new highs. That alone is sufficient to elevate eyebrows.

In actual fact, rumors have been floating for some time now that Tesla may be planning to purchase one other $3 billion value of Bitcoin. Nothing confirmed, however the firm already has Coinbase Prime Custody in place, so it’s well-positioned to scale up.

So, Is Musk Shopping for Bitcoin Once more?

There’s no official affirmation – only a appreciated tweet and a really energetic rumor mill. However with Musk, delicate strikes usually result in large headlines. And given the political drama, financial uncertainty, and his historical past with crypto, it wouldn’t be stunning if he’s as soon as once more betting on Bitcoin.