So terrifying!
The news just came from the American icon!
Elon Musk icon warned in the media that the United States is rapidly heading towards de facto bankruptcy. He emphasized that bankruptcy itself is not the biggest problem; the real crisis lies in the government's direct spending on enterprises, leading to the phenomenon of 'state enterprises advancing while private enterprises retreat', which poses a huge threat to the long-term healthy development of the market economy.

First, the issue of the U.S. government's fiscal deficit is becoming increasingly severe, with the budget deficit for 2024 reaching $1.833 trillion, an increase of 8% compared to the 2023 fiscal year. This continuously growing deficit is causing the level of U.S. debt to rise, posing a significant threat to the country's economic health.

Second, the total U.S. debt has soared to $35 trillion for the first time, equivalent to the combined economic output of China, Germany icon, Japan icon, India icon, and the United Kingdom icon. This figure not only sounds the alarm for uncontrolled debt but also poses a challenge to the stability of global financial markets.

Third, Federal Reserve Chairman Jerome Powell icon admitted that the growth rate of U.S. debt is faster than the growth rate of the economy, which is unsustainable. This mismatch between debt growth and economic growth signals a potential economic crisis in the future.

Fourth, the U.S. government's excessive spending is considered one of the reasons for inflation. In the current global economic situation icon, inflation puts pressure on the cost of living for ordinary people and the operational costs for businesses.

Fifth, the U.S. is also showing signs of economic downturn in other aspects, such as retailers falling deep into financial crises, the manufacturing industry remaining sluggish, and rising unemployment rates. These signs indicate that the U.S. economy may be facing the risk of recession.

Sixth, the U.S. government has been blinded by short-term political interests over the past few decades, neglecting to implement necessary structural reforms. In an election year, the disputes between the two parties have intensified, and the severe reality of uncontrolled debt is also ignored, further exacerbating the risk of a fiscal crisis.

Musk's warning is not alarmist; the economic problems in the United States have indeed reached a point that cannot be ignored. Government fiscal policy and debt management need to be more prudent and effective to avoid a potential economic crisis. At the same time, the U.S. also needs to reach a political consensus to jointly face and resolve these deep-rooted economic issues. After all, the healthy development of the economy is related to everyone's future.

The current price of the pancake is 96666, the 4H wedge is about to break out. I hope that the 4H MACD golden cross forms near the zero axis, as such a golden cross has stronger momentum.

1. Yesterday, the ban in the pickled vegetable country caused most prices on Upbit to plummet. We also faced a washout here; during a bull market, most negative news aims to make you give up your low-priced holdings. Hold onto your long positions at the bottom.

2. The co-founder of Bankless stated that ETH will reach $4000 within 24 hours. Is this talk as weightless as flatulence? If it reaches that, just take 100 out; three consecutive times will be fine.

3. Ondo unlocks daily, 53.7K each day. A large amount will unlock 1.94 billion on January 18, 2025, and then 1.94 billion tokens will unlock every January 18 until 2028. It’s a coin I’m optimistic about in the RWA track, but the massive unlock is overwhelming.

4. Ordi also rose yesterday, breaking through the daily line and then retesting the previous high, showing a healthy trend. However, sats seem to be a bit stronger; it seems it’s time for inscriptions to rotate as well.

5. XRP basically needs to consolidate for a while; it has risen too sharply in the past few days. Everyone tends to think about shorting after a rise, but the big players won’t easily let retail investors profit. Wait patiently.

6. The bull market has just begun; have some faith, and don’t let wave after wave of volatility shake you out.
#BTC☀ #xrp新纪元