- Musk faces calls to buy $100B Bitcoin, potentially weakening USD after criticizing US deficit spending and tax policies.
- $100B BTC purchase would consume 5%+ of all Bitcoin, forcing supply crunch and likely major price surge.
Cryptocurrency analyst are discussing the possibility of Elon Musk acquiring $100 billion worth of Bitcoin. This follows a suggestion by Robert Leshner, founder of Compound, who mentioned Musk might consider such a move. Leshner framed his comment partly as humor.
At this rate, we are like two weeks away from @elonmusk buying $100B of Bitcoin and tanking the dollar
— Robert Leshner (@rleshner) June 5, 2025
The idea connects to recent remarks Musk made about U.S. fiscal policy. Musk criticized a U.S. House tax bill estimated to enlarge federal deficits over ten years. He described this government spending as “irresponsible.” Leshner proposed Musk could counter this by purchasing Bitcoin, an action potentially diminishing the U.S. dollar’s standing.
Bitcoin has a fixed maximum supply of 21 million coins. About 19.87 million coins are currently in circulation. Acquiring $100 billion worth would require purchasing over 5% of all existing Bitcoin. This scale of purchase would remove a large quantity of Bitcoin from trading exchanges. Such a reduction in available supply typically pressures sellers to demand higher prices. This pressure would likely cause a sharp increase in Bitcoin’s market price.
Beyond immediate price effects, Musk taking this step could shift market views. Tesla, Musk’s electric car company, already holds Bitcoin. A vastly larger purchase by Musk might encourage other corporations and individual investors to view holding Bitcoin more favorably. This could promote Bitcoin’s use as an asset held by companies.
Traders and Analyst in cryptocurrency shared perspectives:
Adam Back, CEO of Blockstream, noted Bitcoin fits Musk’s interests. However, Back expressed skepticism Musk would add substantially to Tesla’s Bitcoin position. He termed it “the smart money move” but observed Musk tends toward caution.
.@elonmusk it’s time to go all in on #Bitcoin.@Tesla can take BTC for payments again and implement a Bitcoin Treasury Strategy.@SpaceX can give a discount on launches paid in Bitcoin.
Force a hard money standard on the money printers.
— Samson Mow (@Excellion) June 5, 2025
Samson Mow used social media to urge Musk to make a full commitment to Bitcoin. Mow also suggested Musk’s company, SpaceX, could offer lower prices for rocket launches paid with Bitcoin. Elon Musk has not indicated plans for a large Bitcoin acquisition.
Yet, Leshner’s initial remark has fueled conversation. If Musk executed a $100 billion purchase, it could further impact trust in the U.S. dollar, especially given existing worries about government deficits.
