Bitcoin Proffered As Solution to Fiscal Crisis, Adam Back Urges Elon Musk to Diversify

Prominent crypto figure Adam Back has encouraged billionaire Elon Musk to invest in Bitcoin as a solution to the looming fiscal crisis. His call came in response to a clip of economist Milton Friedman’s argument that government spending is essentially taxation. This echoes thoughts shared by many within the Bitcoin community, who view #Bitcoin as a hedge against inflation and government control. Musk, meanwhile, continues to express opposition to the House-passed tax bill, which some economists worry could exacerbate inflationary pressures. Amidst growing concerns about the OBBA’s impact on national debt, Bitcoin advocates suggest that #bitcoin stands as an effective means of addressing deficit issues.