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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Cypherpunk Cited by Satoshi Urges Musk to Pivot to Bitcoin
Adam Back, one of the most prominent figures in the Bitcoin community, has urged centibillionaire Elon Musk to save his wealth in Bitcoin
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
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.