Elon Musk has warned about an impending crisis in US debt that may reach 38 trillion USD, predicting it will greatly influence Bitcoin prices. He anticipates that energy will replace traditional currency, marking a significant shift in economic values.
Musk forecasts that developments in artificial intelligence will cause deflation and alter economic growth rates. He asserts that by 2026, the output growth of goods will surpass inflation, potentially resulting in a decrease in interest rates.
Musk’s support for Trump diminished due to poor spending policies, despite their earlier alignment over Bitcoin advocacy. He continues to express support for cryptocurrencies, maintaining that Bitcoin is fundamentally tied to energy.
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