Elon Musk warns of a possible US bankruptcy and proposes AI, robotics and Bitcoin as the only way out of the debt crisis.
Musk reignited the global economic debate with a forceful statement during his recent appearance on Joe Rogan's podcast. Amid a context marked by the US economic slowdown, the CEO of Tesla and SpaceX asserted that “The only way to get us out of the debt crisis and prevent the United States from going bankrupt is through artificial intelligence and robotics.”To this formula he added a third component: Cryptocurrencies, especially Bitcoin, as an alternative to the dollar.
Musk's statement, which has been described as "ominous" by several analysts and media outlets, comes at a time of high volatility in the financial markets. In this scenario, Musk suggests that only a profound technological transformation can prevent what he describes as an “imminent implosion” of the American economy.
Bitcoin is a hedge against inflation: trade hereA debt that keeps mounting and a dollar under pressure
Musk's warning about the potential collapse of the US economy dates back to November 2024, when he reiterated that the United States is heading towards a “super fast” bankruptcy after accumulating a federal debt exceeding $38 trillion, a figure that, according to Musk, is unsustainable without a structural change in productivity.
In her conversation With Rogan, Musk insisted that traditional economic growth will not be enough to reverse this trend. “We need to grow the economy at a rate that allows us to pay off our debt,” he stated, noting that only mass automation through AI and robotics can achieve that leap in efficiency.
Furthermore, Musk questioned the viability of the dollar as a long-term store of value, which is why he advocates for cryptocurrencies like Bitcoin as the only viable way to preserve purchasing power in the face of inflation and the weakening of the US dollar.
Bitcoin as a refuge in times of uncertainty
Bitcoin's decline since mid-October hasn't deterred Musk from considering it a key asset in his vision for the future. Although the price of BTC has retreated from its all-time high of $126, currently trading around $105.000, his AI Grok—developed by xAI—projects that BTC could reach an average of $123.500 in November, with an estimated range between 117.200 and 135.800 dollarsThese projections are based on possible interest rate cuts by the Federal Reserve for the remainder of the year, as BlackRock anticipates, and on renewed interest in scarce assets in high-debt environments.
For Musk, Bitcoin is not only a financial tool but also a symbol of decentralization and resistance against centralized monetary systems. In his view, cryptocurrency, along with automation, can eliminate the inefficiencies of the current economic system. This narrative has been reinforced by figures such as Robert Kiyosaki, Edward Dowd, and former Congressman Ron Paul, who also see Bitcoin as a viable alternative in the face of recession.
However, economists like Steve Keen have questioned the validity of these claims. In May, Keen published a video Discrediting the idea of a federal bankruptcy, he pointed out that the United States, as the issuer of its own currency, cannot declare bankruptcy in the conventional sense. Treasury Secretary Scott Bessent also stated in June that a debt default “was never going to happen.”
Certificate
Bitcoin 101 Course
Medium levelIn Bit101Me Academy's Bitcoin 2 Course you can continue your crypto education and learn what Bitcoin is, where it comes from and how to obtain it.
Technology, narrative, and economic power
Beyond the numbers, Musk's discourse reveals a narrative strategy that combines technological vision with economic positioning. By linking the solution to the crisis to sectors in which he himself has investments—AI, robotics, and cryptocurrencies—Musk not only proposes a way out, but also positions himself as a central player in that transformation.
This stance has drawn criticism regarding potential conflicts of interest, but it has also been interpreted as a sign of conviction. “Someone who truly believes in something can also invest in it,” the Forbes article points out. In that sense, Musk isn't just offering opinions; he's building the infrastructure that, according to him, could prevent collapse.
The impact of these statements on the crypto ecosystem is twofold. On the one hand, they reinforce the narrative of Bitcoin as a safe haven against debt and inflationOn the other hand, they introduce a futuristic dimension where the economy is increasingly linked to automation and artificial intelligence.
Thus, in times of global uncertainty, Musk's message functions as a call to rethinking the pillars of economic growthWhile the formal bankruptcy of a country like the United States is unlikely, the urgency of profound transformation is real. And, in that scenario, Musk has already taken a visible and decisive stance.
Buy Bitcoin at Bit2Me, easy and secure
