😱🫨Inflation reaction from Elon Musk: "They print more money"
Famous businessman #elonmusk , who openly sided with #donaldtrump in the US elections, reacted to the Biden government with inflation on his X account. Musk stated that the government spends much more money than it earns and constantly prints new money to close this gap.
While economists are having the biggest debate of recent times that the US will not enter a recession or experience a financial crisis, Elon Musk also reacted to the Biden government.
Musk, who has been openly supporting Donald Trump recently and even made a "Space" broadcast on X during the growth days, stated that the government should reduce its spending: "Inflation is increasing when the government spends more than it should. They print money by closing the gap. It is not necessary to cut wasted spending to solve inflation problems. Your taxes should be spent in a way that works, not in vain..." Many people close to the Democratic Party also reacted to Musk for this tweet, stating that inflation has decreased from the 3 percent level.
I forgot Bitcoin!
Musk made a splash in the cryptocurrency world, especially with his Bitcoin and Dogecoin tweets in 2021. Musk, who once wrote Bitcoin for his X profile, later paved the way for Tesla payments to be made with Bitcoin.
Later, Musk made an unexpected U-turn, both removing the Bitcoin text on his profile and suspending Tesla's right to be sold with Bitcoin. Musk put forward the claim that Bitcoin mining is done with fossil fuels and harms nature as the reason for this.
X, owned by Musk, also recently removed the Bitcoin emoji. No reason was given for this.
The famous businessman did not bring up any issues regarding the largest cryptocurrency in his "Space" broadcast, despite the fact that Bitcoin was one of Trump's important election promises.
