Crypto Pioneer Calls on Elon Musk to Embrace Bitcoin: Insights from the Cypherpunk Movement

Prominent Bitcoin Advocate Urges Elon Musk to Protect Wealth in Bitcoin

Adam Back, a highly respected figure in the Bitcoin community, has publicly encouraged centibillionaire Elon Musk to consider safeguarding his wealth by investing in Bitcoin. Back's suggestion comes in response to a clip featuring renowned economist Milton Friedman, who argued that government spending is essentially a form of taxation, as all funds ultimately originate from the people.

Friedman's perspective, which is widely admired within the Bitcoin community, has been articulated in various writings and speeches over the years.

On Thursday, Musk continued to voice his opposition to the high-stakes tax bill that recently passed the House of Representatives. Earlier this week, he described the legislative effort as a "disgusting abomination," urging Senators to vote against it.

The "One Big Beautiful Bill Act" (OBBA), which is poised to deliver the largest tax cut in history, is expected to add approximately $2.4 trillion to the national debt of the world's leading economy. Some economists have expressed concerns about the inflationary implications of the bill.

As reported by U.Today, members of the Bitcoin community have proposed the leading cryptocurrency as a potential solution to the deficit problem, with some urging Musk to embrace the "laser eyes" movement.