🔶 Elon Musk warns of a $36 trillion U.S. debt disaster by the end of 2024, raising concerns about severe inflation and potential impacts on Bitcoin.
🔶 Bitcoin price volatility continues, swinging between $65,000 and $50,000 as a legendary trader reverses his bullish stance.
🔶 Musk supports warnings about spiraling U.S. debt interest payments, expected to reach $1.2 trillion in the next 12 months, consuming 25% of government revenue.
🔶 U.S. debt interest payments are projected to hit $870 billion this year, with analysts forecasting $1 trillion added every 100 days, fueling speculation of a Bitcoin surge.
🔶 The Federal Reserve is expected to cut interest rates in mid-September, sparking market volatility and potential declines in Bitcoin and other risk assets.
🔶 Market analyst Markus Thielen warns that rate cuts could lead to "significant market pain," similar to Bitcoin’s behavior during rate cuts in 2018 and 2019.
🔶 A Bitcoin drop below $50,000 is deemed inevitable, despite optimism around a new liquidity cycle.
