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The wealthiest individual on the planet is warning that the USA of America is about to change into bancrupt.
Tesla CEO Elon Musk shares a picture on the social media platform X displaying that the US greenback is devolving into the Zimbabwean greenback – a forex that witnessed speedy devaluation as a result of extreme cash printing.
Earlier than the forex collapsed in 2009, the nation’s central financial institution was issuing notes to the tune of $100 trillion with the value of a loaf of bread hitting $300 billion.
Says Musk,
“The place are we with greenback worth destruction, you may ask?”
Elon Musk’s extraordinarily bearish sentiment on the US greenback comes as he retweets a narrative noting that the US authorities is allocating 76% of all private revenue tax collected simply to repay the curiosity of its almost $35 trillion debt.
“America goes bankrupt, by the best way.”
Musk additionally just lately used a profile photograph on X emblazoned with laser eyes, a development that emerged in 2022 to point out assist for Bitcoin (BTC).
The billionaire has lengthy been a vocal supporter of Bitcoin. Knowledge reveals that Tesla presently holds 9,720 BTC price greater than $640 million.
In 2022, Musk stated that his tech corporations have been feeling the consequences of inflation.
“Tesla and SpaceX are seeing vital latest inflation stress in uncooked supplies & logistics.”
Musk eliminated the laser eyes photograph yesterday.
At time of writing, Bitcoin is buying and selling for $65,964, a 2.13% lower on the day.
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