Elon Musk Warns of U.S. Debt Crisis, Signals Support for Bitcoin as Reserve Currency

• Elon Musk warns the U.S. may soon afford only debt interest, risking core services.
• U.S. annual deficit may top $2T, with 25% of revenue spent on interest alone.
• Coinbase CEO warns Bitcoin could replace the dollar; Musk signals support with patriotic post.

Elon Musk is once again sparking serious debate over the future of the U.S. economy—and possibly signaling stronger support for Bitcoin. His recent posts on X (formerly Twitter) have stirred public concern over America’s growing national debt and what it might mean for the future of the U.S. dollar.

(Source: X/Twitter )

It all started with a post by a financial commentator known as Wall Street Mav, who pointed out that the U.S. is headed toward an annual budget deficit of over $2 trillion. Even more alarming, he noted that the government is now paying over $100 billion every month just to cover interest on its debt—totaling around $1.2 trillion per year. That’s nearly a quarter of all federal revenue being spent just on interest.

Elon Musk picked up on that post and added a stark warning of his own: if the U.S. continues its massive deficit spending, we could reach a point where all government income goes toward interest payments—leaving no money for Social Security, healthcare, defense, or any essential services.

Bitcoin in the Spotlight as U.S. Spending Spirals

This isn’t the first time Musk has spoken up about the dangers of uncontrolled spending, but his latest remarks carry extra weight, especially because they come on the heels of a separate interaction with Coinbase CEO Brian Armstrong. Earlier on June 4, Armstrong issued a public warning on X, saying the U.S. debt crisis could trigger the fall of the U.S. dollar as the world’s reserve currency. In his post, he shared a chart showing just how dramatically the national debt has grown—from $23.2 trillion in 2019 to an expected $36.9 trillion by 2025.

(Source: X/Twitter )

Armstrong stressed that if Congress doesn’t take action to cut the deficit and begin paying down the debt, Americans could face serious consequences—and Bitcoin might step in to replace the dollar globally.

In a show of support, Musk reposted Armstrong’s warning and replied with a photo of the American flag, a gesture that many interpreted as a nod of agreement. Musk also slammed Congress for what he described as reckless fiscal policies, saying lawmakers are “making America bankrupt” and criticizing a recent federal spending package he sarcastically dubbed the “One Big Beautiful Bill.” He warned that such policies could push the annual deficit to an unsustainable $2.5 trillion.

While Musk doesn’t often speak directly about Bitcoin in public, his actions tell a different story. Both Tesla and SpaceX hold substantial amounts of the cryptocurrency—Tesla reportedly owns over 11,500 BTC, while SpaceX has over 8,200 BTC. Musk himself has confirmed he holds Bitcoin personally, along with some Ether and Dogecoin, with Bitcoin being his largest crypto investment.

With his recent comments and public alignment with Coinbase’s Armstrong, Musk appears to be reinforcing the idea that Bitcoin could play a major role if confidence in the dollar continues to fade. Whether it’s just a warning or a sign of something bigger, one thing’s clear: when Elon Musk speaks, especially about money and technology, people listen. And this time, he’s pointing to a future where Bitcoin may not just be an asset—but a necessity.

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