Adam Back, one of the most prominent figures in the Bitcoin community, has urged centibillionaire Elon Musk to save his wealth in Bitcoin.
so @elonmusk given the DOGE experience, inflation, financial repression (interest rates below inflation) as the only option. have you thought about saving in #bitcoin? seems like a no-brainer…
— Adam Back (@adam3us) June 5, 2025
Back’s comment came in response to a clip of famous economist Milton Friedman, who argued that government spending is actual taxation since everything that it spends ultimately comes from the people.
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Friedman, who is admired by many members of the Bitcoin community, articulated this idea in various writings as well as speeches.
On Thursday, Musk continued to voice opposition against the high-stakes House-passed tax bill.
Earlier this week, he described the legislative effort as a disgusting abomination, urging the Senators to vote against it.
The One Big Beautiful Bill Act (OBBA), which is set to deliver the biggest tax cut in history, is expected to add roughly $2.4 trillion to the national debt of the world’s leading economy. Some economists have concerns about the inflationary nature of the bill.
As reported by U.Today, Bitcoiners have pitched the leading cryptocurrency as the ultimate solution to the deficit problem. Some of them urged Musk to put his “laser eyes” on.