#ElonMusk Issues Bold Warning on U.S. Debt Crisis as Crypto Rallies!
With the national debt skyrocketing past $35 trillion, Musk has raised alarms, calling this fiscal trajectory "unsustainable".
This comes as Bitcoin and $DOGE coin are on a tear, with the latter doubling in value, fueled by Musk’s backing and the idea of the “Department of Government Efficiency,” or $DOGE .
In a Twitter post responding to Senator Rand Paul, a longtime crypto supporter, Musk highlighted how $2 trillion deficits pose a major risk.
Paul, an advocate for alternative assets like $BTC coin, has even hinted at #cryptocurrencies as a safeguard against government overreach.
With inflationary pressure from COVID-19 relief and Fed rate hikes, many see the case for digital assets stronger than ever.
Is Bitcoin the next “national asset”? Earlier, Trump proposed creating a “national bitcoin reserve” and using BTC as part of debt management, jokingly calling it a “crypto check” strategy.
Meanwhile, Dogecoin’s momentum is undeniable.
Tesla now accepts Dogecoin, and Musk claims his DOGE Efficiency Dept.
could cut $2 trillion from federal spending.
With BTC hitting new highs at $88K and Dogecoin thriving, could the rise of crypto challenge the dollar’s dominance?
Even Mark Cuban chimed in, suggesting Musk may have plans for DOGE in U.S. policy.