Elon Musk's Potential $100 Billion Bitcoin Acquisition Sparks Buzz in the DeFi Space
Emily HarrisCompound founder Robert Leshmer has half-jokingly suggested that Musk might pivot to Bitcoin[...]
Compound Founder Predicts Elon Musk's $100 Billion Bitcoin Purchase
In a surprising turn of events, Compound founder Robert Leshmer joked that Tesla CEO Elon Musk might be just two weeks away from buying $100 billion worth of Bitcoin—a move that could potentially "tank" the US dollar.
This bold prediction follows Musk's sharp criticism of the House-passed tax bill, which experts estimate could add trillions to the federal deficit over the next decade. As previously reported by U.Today, Blockstream CEO Adam Back suggested Bitcoin would be an ideal addition to Musk's investment strategy.
However, Back remains skeptical that Musk will fully embrace Bitcoin, despite Tesla and Musk currently holding a modest amount of the cryptocurrency. Back argues that Musk's current Bitcoin allocation is too small relative to his net worth, calling a major investment in BTC the "obvious smart money move."
The crypto community is now closely watching Musk's next steps, with speculation growing about whether the billionaire entrepreneur could make a historic $100 billion Bitcoin purchase.
