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.

hello everyone❤️

#BTC
#Sui
$BTC

$SUI

December 7th Micro News Report, Saturday, Lunar Calendar November 7th, Happy Weekend! A micro news report, a glance at world affairs!

1. Right after leaving the factory, 980,000 elderly phones are secretly deducting call fees every month.
2. Russian Foreign Minister rarely accepts an interview with a U.S. reporter: Russia is prepared to take all measures in the Ukraine conflict.
3. The most beautiful bird-watching season! Shanghai's first UNESCO World Heritage site, Chongming Dongtan, welcomes wintering migratory birds.
4. The world's most intelligent language model! OpenAI's official o1 model is now online.
5. UN Committee on Enforced Disappearances: About 20,000 bodies found in a hangar in Colombia.
6. Inducing the use of facial recognition payment will be rectified, Shanghai focuses on addressing illegal collection of personal information behaviors.
7. In the first three quarters, Porsche's delivery volume in China fell by nearly 30%, and the cumulative growth rate of ultra-luxury imported vehicles dropped by 60% in the same period.
8. State Administration for Market Regulation: Do not purchase so-called special supply liquor, as special supply liquor is just fake liquor.
9. Acute respiratory infectious diseases are on the rise in our country, with an increase in cases of acute respiratory infectious diseases among those under 14.
10. Black Myth: Wukong selected as Time Magazine's Best Game of 2024.
11. Japanese media: Japan decides to relax some visa issuance conditions for Chinese citizens traveling to Japan.
12. Yu'e Bao's 7-day annualized yield hits a new low, dropping below 1.3%.

【Micro News】Life is a journey; during the journey, you will inevitably encounter strong winds from all directions, but every gust of wind will accelerate your speed as long as you steady the helm. Even a storm will not steer you off course.

Why believe in Bitcoin?
Bitcoin has broken through $100,000, and nearly 200,000 people have liquidated their positions. Bitcoin doesn't have traditional fundamentals, but do gold and diamonds have fundamentals?
Jokingly, we can say that Bitcoin has two major fundamentals: first, belief. Believing in Bitcoin as a digital currency, with a limited supply, has a fixed value as a pricing basis, comparable to gold; second, money laundering. There are too many gray markets in this world, and Putin just said he also needs Bitcoin for money laundering.
In 2011, one Bitcoin was worth $10. Thirteen years later, the price of Bitcoin is as crazy as the Dutch tulip mania, and there are certainly other reasons for this. Currently, BTC has surged to over $100,000. It may go even higher in the future. Bitcoin has entered the next stage, not just a game in the crypto circle, but a global capital game. In the future, more countries should participate.
For investments, at any time, we must be aware of the risks. Soaring prices and selling off, plummeting prices and buying in.

#以太坊领涨 这两天涨势📈很不错，很多铁汁都赚了钱，然后有一些铁汁可能以为自己是币神了，交易自信极度高涨，$BTC 这是要不得的，币市一跌，几斤几两立马就显露出来，策略还是需要做好，毕竟没有只涨不跌的行情，浪潮退去，就知道谁在裸泳！$BNB

有奖问答🧧
接下来的行情
什么币性价比最高？