TechFlow, Dec 2 — According to Forbes, Elon Musk has once again warned that the U.S. is heading toward a debt crisis, which could drive bitcoin prices significantly higher. In an interview, Musk said, "Bitcoin is based on energy—you can't legislate energy," and predicted that in the future, "the concept of currency will disappear," with energy becoming the only "real money."
The U.S. national debt has now exceeded $38.3 trillion. Musk pointed out that the U.S. money supply has increased sharply, with an annual deficit of about $2 trillion. He forecasts that advances in artificial intelligence will push output of goods and services above inflation within three years, potentially leading to deflation and zero interest rates.
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