Background: Max Keiser is a renowned Bitcoin advocate and currently serves as an advisor to El Salvador President Nayib Bukele. Recently, Elon Musk sharply criticized US fiscal policy and the continuously expanding national debt.
Main Events: On June 4th, Musk criticized a "beautiful $5 trillion bill" on X (formerly Twitter), pointing out that US interest payments could exhaust government revenue. Coinbase CEO Brian Armstrong stated that if the US cannot control deficit spending, Bitcoin might become an alternative reserve currency. Musk responded with a US flag emoji, which was seen as an endorsement. Max Keiser predicted that Musk would become a "full Bitcoin extremist" and forecasted that Bitcoin’s price could surge to $2.20 million.
Potential Impact: Tesla holds over 9,700 Bitcoins and has not yet increased its holdings, but the market speculates that Musk may adopt a more aggressive Bitcoin accumulation strategy, even integrating Bitcoin-centric financial models into his companies. Analysts and entrepreneurs also support this view, considering it the ultimate rebellion against irresponsible government spending. Although Musk has not officially confirmed this, his remarks align closely with the ideology of Bitcoin extremism.