Elon Musk, the Tesla billionaire who has become a close advisor to U.S. president-elect Donald Trump, surprised people with an unexpected crypto endorsement this week.

Unlock over $3,000 in perks including unparalleled access to a community of top Web3 entrepreneurs, creators, and investors, providing you with premium networking, priority access to global events, Free access to Forbes.com and our Forbes CryptoAsset & Blockchain Advisor newsletter. Apply now!

Musk has repeatedly warned in recent weeks that out-of-control U.S. government spending could trigger a U.S. “financial emergency“—as wild rumors of nation-state bitcoin adoption help fuel a bitcoin price explosion toward $100,000.

Now, as traders bet that Trump will follow…