Billionaire Elon Musk Responds Positively to Brian Armstrong's Statement "Bitcoin Will Replace USD", 25% of Federal Revenue Currently Serves Interest Payments.
Recent moves by Elon Musk are strengthening the Bitcoin community's belief that the billionaire is moving closer to becoming a true Bitcoin maximalist. This shift is clearly evident through two notable signals in the past week: a public statement about US public debt and direct interaction with Coinbase CEO Brian Armstrong about Bitcoin's potential role in the global monetary system.
Tesla and SpaceX CEO shared on social media X on Wednesday that currently 25% of federal revenue is being used to pay interest on loans. Musk warned that if deficit spending is not controlled, the federal government may ultimately lose the ability to fund essential programs such as social security, healthcare, and defense. These observations are entirely consistent with the Bitcoin community's long-standing concerns about loose fiscal policy.
The Bitcoin community's reaction has been very strong. Max Keiser, senior advisor to the Bitcoin-supporting El Salvador government, declared: "Elon is on the verge of becoming a complete bitcoin maximalist." This observation reflects a significant change in Musk's approach to the hard money philosophy that Bitcoin represents.
Interaction with Coinbase CEO Creates New Momentum
Musk's shift in stance became more apparent through his interaction with Brian Armstrong's shocking statement. Coinbase CEO affirmed: "If voters do not force Congress to be accountable in reducing the deficit and start repaying debt, then Bitcoin will replace the USD as the reserve currency." Armstrong added: "I love Bitcoin, but a strong America is also extremely important to the world. We need to regain control of national finances."
Musk's reaction by resharing the post and responding with the US flag emoji was interpreted by many as tacit support for Bitcoin's role in addressing the Fiscal Crisis. Max Keiser commented on this action: "Elon and Brian are about to transition from 'bitcoin agnostics' to comprehensive 'bitcoin maximalist' mode."
Although Musk has not yet publicly declared support for Bitcoin maximalism, changes in his language are being closely monitored by the community. Bitcoin maximalists view Bitcoin, not cryptocurrency in general, as a long-term solution against the instability of the fiat monetary system.
Data from Arkham Intelligence shows Musk's deep involvement in the crypto market. Tesla currently holds 11,509 BTC, while SpaceX owns 8,285 BTC. Musk himself has invested in BTC, ETH, and DOGE, with bitcoin being his largest investment. These numbers demonstrate a commitment not just at a personal level but also at a corporate level to digital assets, especially Bitcoin.
