Elon Musk warns about potential US bankruptcy due to excessive government spending and high debt.

Elon Musk warns that the U.S. could face bankruptcy due to excessive government spending, citing the national debt of $34 trillion, exacerbated by Covid stimulus measures. His comments come amid a surge in Bitcoin prices and concerns about market volatility after Tesla moved $750 million in Bitcoin to new addresses. Musk calls for improved government efficiency to curb spending and prevent further financial instability.

October 20, 2024
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