FORBES · 2026-11-07 12:31 UTC

Elon Musk Stokes 'Global Bankruptcy' Fears That Could Be A Bitcoin Price Game-Changer

Elon Musk shared a post from Argil CEO Brivael Le Pogam warning that the only two outcomes for the state are global bankruptcy or an AI and robotics-driven economic boom, adding the word "true." The IIF says global debt rose by $10 trillion in the first half of the year to top $365 trillion, and U.S. debt has topped $40 trillion this year. Musk's SpaceX and Tesla hold a combined 30,000 bitcoin worth about $2 billion, and the two companies may merge, with Chamath Palihapitiya saying in June that the merger would be "glorious."

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