Amid Fears of a New Bitcoin Collapse and Criticism of US Fiscal Policy, Elon Musk Says the Country Will Only Avoid Bankruptcy If It Can Drastically Accelerate Economic Growth.
Business magnate Elon Musk has once again sounded the alarm about the dire financial situation in the United States, stating that the country is heading towards bankruptcy.
The comment comes amid a period of instability in the cryptocurrency market and after Treasury Secretary Scott Bessent expressed support for Bitcoin.
Elon Musk, whose company Tesla holds over US$ 1 billion in Bitcoin, reinforced his tone of concern during an interview with podcaster Joe Rogan.
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According to him, the US debt, which has already surpassed US$ 38 trillion, is unsustainable. “The interest on the national debt is greater than the entire military budget, and it continues to grow. This is madness,” Musk said, emphasizing that even severe cuts to waste and fraud would not be enough to resolve the issue in a democratic country.
Growing Debt and Dependence on Accelerated Growth
During the conversation, Musk stated that the only possible way to avoid bankruptcy would be to grow the economy at a “fantastic” rate.
He explained that the increase in interest rates, adopted to curb post-pandemic inflation, has drastically raised the cost of maintaining the already inflated debt due to spending during the Covid-19 period.
The entrepreneur also mentioned that even with austerity measures, the United States would only be delaying the “day of judgment.”
For him, only artificial intelligence and robotics would be capable of driving the necessary growth to avoid economic collapse. “The only way to prevent America from going bankrupt is to grow fast enough to pay off the debt,” he stated.
Crisis in the Cryptocurrency Market
ChatGPT said:
Bitcoin (BTC) started the week down on Monday (3), after ending October with a cumulative decline of 3.9%. This was the worst monthly performance for the cryptocurrency since 2018, when the depreciation reached 4%.
With the new drop of the day, the digital asset began trading at around US$ 107 thousand, according to data from Coindesk. Analysts point out that the recent decoupling between Bitcoin and the Nasdaq index—composed of shares of large technology companies—might indicate a saturation point not only in the crypto market but also in the traditional market.
Furthermore, options related to the so-called “magnificent seven” (the major giants in the technology sector) are starting to show signs of overbought, reinforcing the perception of caution among investors.
Break with Trump and Bet on Bitcoin
Musk, who had supported Donald Trump in his return to the White House, broke with the former president after disagreeing with his spending and tax plan, which could add trillions of dollars to the debt in the coming years.
Subsequently, the billionaire confirmed that his new party, the America Party, will adopt Bitcoin as its base currency, calling the dollar and other fiat currencies “hopeless.”
Despite this, he acknowledged that the effort to contain the crisis may have reached its limit. “Even if all economies are applied, we will only be delaying the inevitable,” Musk declared, emphasizing that the US public debt represents a real threat to global economic stability.

Somente ingênuos e fanáticos levam as críticas deste cara a sério:
– a dívida americana não surgiu durante a Pandemia da COVID-19. Pode ter se intensificado. Mas surgido, não.
– “a robótica e a IA são a salvação”. Nossa! Sério? Por “coincidência”, produtinhos que você vende. Mas pelo visto você perdeu temporariamente a têta, depois de ter rompido com o Laranjão.
– Falar dos grandes problemas da IA, você não fala. A exemplo do grave problema do suprimento de energia elétrica. Além do fato de estarmos frente a uma bolha similar àquela do início dos anos 2000 – A “bolha das Pontocom”.
– “O mercado de Bitcoin vai cair.” É isto que você quer induzir para poder comprar mais. Afinal, seu gênio foi incapaz de ser visionário lá em 2009.