Recently, the prices of popular digital currencies like Bitcoin, Ethereum, and Dogecoin have gone up. Bitcoin is now close to $80,000, and Dogecoin has also increased a lot. One big reason for this is support from Elon Musk, the CEO of Tesla, who has been a strong fan of cryptocurrencies, especially Dogecoin. Musk has even joked about using Dogecoin to help lower U.S. government spending, which has gotten many investors excited. Some people are now even wondering if the government might officially adopt Bitcoin, which has brought even more attention to these digital coins.
At the same time, Musk is worried about the growing U.S. debt, which has reached $35 trillion. He believes that this high debt level is "unsustainable," meaning it can’t continue without causing problems. Musk, along with some politicians, thinks that cryptocurrencies might help in fixing these financial issues. For example, Donald Trump has suggested creating a national Bitcoin reserve. But while this idea is interesting, experts are unsure if using crypto this way would really work.
What you think about this. don't forget to comment.
Follow me Please 🙂
