Famous billionaire Elon MuskTesla’s hard to come out by saying “disgusting disgrace” to the extensive new expenditure bill supported by the Republicans Bitcoin (BTC) reunited the rumors that he could enlarge his position. While the bill provides tax deduction to large companies and wealthy sections, the US budget will bring an additional debt burden to the US budget in the next decade. XRP defender lawyer John Deaton He claimed that an expanding fiscal policy of this scale could make it attractive for Musk and Tesla to accumulate BTC for protection against inflation. Tesla is currently known to hold 11 thousand 509 BTC (about $ 1.2 billion). Concerns that money printing may increase may be a reason to increase the stock of “digital gold” to the company.
It browsing Bitcoin while flaming the fears of inflation
Although the most critical aspect of the thousand 200 -page bill offered by Republican deputies aims to create growth by cutting corporate taxes, it has the risk of rapid inflation of public debt. Senator Rand PaulStressing that the bill means an additional debt of 5 trillion dollars, the pro -gold economist Peter Schiff He also warned that the dollar will weaken and accelerate inflation.
John Deaton drew attention to the similar point with the phrase “a walking Bitcoin advertisement”. Because inflation As the threat increases, the decentralized and limited beings will become attractive for institutional treasures.
The bill has been controversial not only by financial expansion, but also with a substance that prevented the arrangement of artificial intelligence by the states for ten years. Representative Marjorie Taylor Greene278-279 pages of this provision weakens the state rights, expressing that the federal government is concerned about giving extra authority. When economic uncertainty and regulation conflicts are combined, both investors and technology companies put the possibility of turning to Bitcoin in the diversification of portfolio. Seeing the evaluation of Deaton, even though the Parliament passes through the Assembly, it will enter a difficult process in the Senate. Nevertheless, even the uncertainty itself can be enough to increase the demand for crypto currencies.
Tesla can open its door to Bitcoin again
TeslaIn 2021, with a purchase of $ 1.5 billion, he became a pioneer in corporate Bitcoin investments, and then realized a portion of his abdomen and partially emptied his safe. However, 11 thousand 509 units left in the company’s balance sheet BTC with one of the largest crypto currency reserves in the S&P 500 index.
Although Musk has not recently signaled a new purchase signal, the climbing of the inflationary pressure highlights a more predictable “Hard Asset” approach than the risk of keeping the cash flow in volatil currencies.
Analysts draw attention to the tendency to change aggressive positions in macroeconomic shocks by looking at Tesla’s past behavior model. Following the balance sheet in 2022, the company used carbon loan revenues in a balance sheet regulation. Now he can call the same flexibility in Bitcoin, which can function as insurance against the US’s growing debt.
Arkham Intelligence data show that Tesla’s current Bitcoin presence is on 250 percent of the balance sheet value. New Bitcoin AlıIn case of realization, it is expected that both institutional demand is accelerated and an example for other Fortune 500 companies.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
