Elon Musk’s Comments Spark Debate Over Tesla & Bitcoin Strategy

Tesla’s stance on Bitcoin is under the spotlight following Elon Musk’s recent public disapproval of a Republican spending proposal that aims to cut taxes for large businesses, potentially increasing U.S. debt by $3.8 trillion over the next decade. Musk’s harsh criticism has sparked speculation about Tesla’s future plans regarding their Bitcoin holdings. Some analysts suggest potential additions to their current BTC reserves as a hedge against inflation, with John Deaton, an advocate for XRP and legal analyst, citing this move.