Elon Musk: 'America is Going Bankrupt, and It’s Happening Faster Than You Think'

Elon Musk, CEO of Tesla and SpaceX, has issued a stark warning about the financial health of the United States. According to him, the country is on the brink of bankruptcy, and no one seems genuinely concerned. Musk expressed his frustration on X, highlighting the explosive rise in interest payments on the U.S. national debt, which now exceed the entire defense budget of the country.

Musk compared the situation to an individual accumulating credit card debt, where future generations will bear the burden. He emphasized the need for drastic government spending cuts. Meanwhile, institutional interest in Bitcoin is growing, with some seeing it as a potential safe haven amid financial instability.