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Fact check: Is Elon Musk secretly buying Bitcoin?
Elon Musk and Bitcoin - this is a relationship that never really cools down. For many years, there have been continuous discussions about whether the CEO of Tesla is quietly buying more BTC, especially during times of instability. Some even believe that he is hoarding to protect against what they see as a weakening American dollar. The buzzing sound is even louder. This is the reason. The Tweet has exploded everything. A cryptocurrency analyst and reporter for Bitcoin Magazine has shared a bold update about X: "THE RICHEST PERSON IN THE WORLD WITH A NET WORTH OF 400 BILLION DOLLARS JUST LIKED A POST BY AX SAYING THAT HE IS SECRETLY BUYING #BITCOIN 👀 ELON MUSK IS BUYING BTC!!! 🚀" It all started from a tweet pointing out that Musk had spoken about the government's excessive spending and poor economic management - but did not mention Bitcoin for a while. A response indicates that he may be quietly buying. That is the post that Musk liked and indeed, it seems that the likes come from his verified profile. Some users quickly called it a fake, but @coinjoined, the original poster, shared a screenshot showing that the likes came from Musk's official account. There were no official comments, but that didn't stop Crypto Twitter from rushing to speculate. Important moment - Musk battles Trump over the "Beautiful Big Bill" This moment is certainly interesting. It comes at a time when Musk is clashing with Donald Trump over the controversial "Beautiful Big Bill" - a massive spending plan that includes tax cuts for the wealthy, a plan for mass deportations, and an increase in the debt ceiling by 5 trillion dollars. Musk, who was once the director of the Department of Government Efficiency (DOGE), criticized this legislation, calling it "a disgusting atrocity." Trump responded on Truth Social, stating that Musk would not survive without government subsidies and that he would have to "pack his bags and move back to South Africa." All of this adds to the tension and reinforces the idea that Musk may be quietly funneling money into Bitcoin as a hedge against risk. Tesla's Bitcoin holdings: No sales, more rumors Tesla currently holds 11,509 BTC, worth approximately 1.24 billion dollars at current prices. And they haven't sold a single one recently, even as Bitcoin hits new highs. Just that alone is enough to surprise many. In fact, there have been rumors for a long time that Tesla may be planning to buy an additional 3 billion dollars worth of Bitcoin. Nothing has been confirmed, but the company has Coinbase Prime Custody, so it is well positioned to scale up. So, will Musk continue to buy Bitcoin? There is no official confirmation - just a liked tweet and a very lively stream of rumors. But with Musk, subtle moves often lead to big headlines. And given the political drama, economic instability, and his history with cryptocurrency, it would be no surprise if he once again places a bet on Bitcoin.