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Musk Issues a Serious Warning: The U.S. Debt Bomb Will Propel Bitcoin Beyond Gold!
According to (Forbes) reports, Musk stated at a recent gathering that the $35.7 trillion debt bomb could very likely skyrocket Bitcoin's price to a market value similar to gold.
Currently, the U.S. government's annual expenditure reaches 6 trillion dollars, with more than 1 trillion spent just on interest payments for national debt.
Musk warns that this could lead to the U.S. government 'going bankrupt.'
Recently, the Federal Reserve further released news about interest rate cuts; every debt crisis has been resolved by releasing liquidity.
The Federal Reserve's interest rate cut cycle has actually been quite clear; first, it cut 50 basis points in September, and Powell later stated that there would be two more cuts of 50 basis points by the end of the year.
Currently, the U.S. government's annual expenditure reaches 6 trillion dollars, with more than 1 trillion spent just on interest payments for national debt.
Musk warns that this could lead to the U.S. government 'going bankrupt.'
Recently, the Federal Reserve further released news about interest rate cuts; every debt crisis has been resolved by releasing liquidity.
The Federal Reserve's interest rate cut cycle has actually been quite clear; first, it cut 50 basis points in September, and Powell later stated that there would be two more cuts of 50 basis points by the end of the year.
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