Elon Musk Warns of US Bankruptcy: Is Trump's Bitcoin Plan the Solution?

The latest DOGE report has sounded the alarm bell on the increasingly serious financial crisis of the US government. In the fiscal year 2023, the country spent a shocking 6.16 trillion dollars while only earning 4.47 trillion dollars in revenue, leaving a large and growing deficit. The last time the government had a budget surplus was in 2001. Is the United States on the brink of a financial collapse? And if so, who has the boldest plan to address the situation? Read on to learn how experts and politicians are responding to this escalating crisis. Elon Musk warns of the risk of bankruptcy Elon Musk does not hold back when commenting on this situation. In a post on X, Musk said that the United States is "heading towards bankruptcy very quickly". His statement highlighted increasing concerns about the growing financial issues of the country and the potential consequences if this path continues.

To cope with the crisis, Wall Street Apes has proposed a new law that would disqualify any member of Congress from running for re-election if the deficit exceeds 3% of the country's GDP. The goal is to encourage lawmakers to act quickly to address the deficit, as they want to preserve their jobs. Warren Buffett supports this idea and believes it can quickly promote a more responsible national financial management by the Congress. Trump's controversial plan: Can Bitcoin pay off the national debt? Donald Trump has revealed how he plans to solve the US national debt crisis. As part of his election campaign, Trump proposed creating a "strategic national Bitcoin reserve fund" to help pay off the country's $35 trillion debt. This idea has caused a lot of skepticism. Currently, the US holds approximately 208,109 BTC, worth around $21 billion. To cover national debt, the price of each Bitcoin will have to rise to an unbelievable level of 173 million dollars - a very significant increase. Even if Trump buys more Bitcoin, this could disrupt the market and push prices too high. Although a Bitcoin-supported national investment fund seems feasible, it is risky and impractical due to major financial and economic challenges. With Bitcoin nearing $100,000 per coin, the deteriorating US economy only adds to the instability. When the financial future of the country is threatened, one thing is clear: the path ahead will require bold decisions and even more surprising ideas.