Elon Musk warns that the current U.S. debt problem exceeding $38 trillion may trigger a crisis, and predicts that the concept of currency may disappear in the future, with energy becoming the 'real currency,' while Bitcoin, based on energy, is likely to see significant price fluctuations due to this debt crisis.
Currently, traders are focusing on the Federal Reserve's policy changes in December. Musk also mentioned that the U.S. is increasing the money supply with a $2 trillion deficit, and predicts that in three years, the development of artificial intelligence will lead to an output growth rate of goods and services surpassing inflation, possibly resulting in deflation and interest rates approaching zero, which may alleviate the debt problem. Additionally, Musk had previously supported Trump in controlling debt to help him return to the White House, but after Trump failed to control spending, their relationship deteriorated. Although his support for Bitcoin is not as strong as at its previous peak, he continues to support both Bitcoin and Dogecoin, and claims that the 'American Party' he advocates is more inclined towards Bitcoin, believing that currencies like the dollar, which lack asset backing, have 'no hope.'
Core Points Extraction (easier to understand)
1. Musk's Warning: The $38 trillion U.S. debt may trigger a crisis, possibly driving the price of $BTC Bitcoin significantly higher;
2. His Core Viewpoint: Future currency may disappear, energy is the real currency, Bitcoin relies on energy and is not affected by legislation;
3. Related Forecast: In three years, AI may enable the output of goods and services to outpace inflation, potentially leading to deflation and zero interest rates, alleviating debt pressure;
4. Additional Background: Previously helped Trump return to the White House, the relationship broke due to uncontrolled spending by the other party, continues to support Bitcoin, $DOGE Dogecoin, and is not optimistic about the dollar and other currencies without asset backing.
