Elon Musk has issued a warning about an impending U.S. "debt crisis" that could lead to significant fluctuations in Bitcoin prices. Speaking in an interview, Musk highlighted concerns over the U.S. increasing its money supply with a $2 trillion deficit, suggesting that "money as a concept will cease to exist," with energy becoming the only "real money."
Musk predicts that within three years, the growth rate of goods and services will surpass inflation, potentially leading to deflation and zero interest rates. Despite a decline in his support for cryptocurrencies since the pandemic, Musk continues to advocate for Bitcoin and Dogecoin, criticizing fiat currencies as "hopeless."
Elon Musk Warns of U.S. Debt Crisis Impact on Bitcoin Prices
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