As per Cointribune, Elon Musk warns that the United States is heading toward bankruptcy due to unsustainable debt, which has surpassed $38 trillion. In a conversation with Joe Rogan, Musk described the fiscal situation as 'crazy' and argued that even extreme budget cuts would not be enough to avert the crisis without significant economic growth. He suggested that a technological revolution driven by AI and robotics is the only viable solution. Musk also expressed support for Bitcoin as a potential alternative to the U.S. dollar, which he called 'hopeless' and disconnected from underlying assets. Analysts like Anthony Pompliano and Nic Puckrin have noted a potential correlation between rising national debt and Bitcoin's price, with BTC briefly exceeding $126,000 in October.
Elon Musk Warns of U.S. Bankruptcy and Sees Bitcoin as Alternative
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