Elon Musk, the head of companies that have turned the tech world upside down like tesla and SpaceX, has given a big warning to the current government and the new trump administration about the ever-increasing debt of the US government. Currently, the US national debt has reached 35 trillion dollars. As the price of cryptocurrencies Bitcoin and Dogecoin surged after the Republican presidential election led by donald trump, the rise in US government debt has become a major criticism of the US investment market. There's a reason why the US government debt — and cryptocurrency — is tied up. In this situation, some people are presenting an idea that the debt of the united states can be reduced with this, with Bitcoin rising to 81000 dollars.
The main question now is whether many believe that the trump administration will force this. This is the cause of the US government debt and cryptocurrency entanglement. But Elon Musk has warned that excessive government spending could lead to economic collapse, and has called for curbs on this as a first step. He described that the current government spending trend cannot necessarily be continued. Therefore, he has requested the current Joe Biden government and the newly formed donald trump government to resolve this issue immediately. Musk's comments have sparked a new debate about America's economic future and the role of cryptocurrencies. As the united states faces rising debt and the impact of wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital currencies, the question has arisen whether the crypto market will be accepted by the rest of the world if the US government uses Bitcoin and DogeCoin to pay off the country's debt.
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