It’s ‘Unsustainable’—Tesla CEO Elon Musk Issues Serious U.S. ‘Bankruptcy’ Warning As Bitcoin And Dogecoin Fuel $3 Trillion Price Boom

Elon Musk has criticized the U.S.’s growing $35 trillion national debt, calling the rapid debt increase “unsustainable” and blaming excessive government spending. Musk’s comments came in response to Senator Rand Paul, who also decried the current $2 trillion annual deficits. This conversation unfolded against the backdrop of the rising popularity of cryptocurrencies like bitcoin and dogecoin, both of which have seen significant price surges.
Musk, a vocal supporter of dogecoin, has humorously backed the creation of a “Doge Department of Government Efficiency,” suggesting it could reduce U.S. spending by $2 trillion. Meanwhile, Donald Trump has floated ideas such as using bitcoin to pay off U.S. debt and establishing a strategic bitcoin reserve. These discussions highlight the intersection of U.S. fiscal policy concerns, cryptocurrency’s growing influence, and Musk’s penchant for linking dogecoin to broader economic debates.