Musk issues another warning: Is AI a savior, and will the dollar become worthless?
In a recent interview, Musk bluntly stated that without the productivity leap brought by artificial intelligence and robotics, the United States would surely go bankrupt.
The reason is simple: currently, the U.S. has a national debt of $38.5 trillion, with annual interest payments reaching about $1 trillion, exceeding the budget and creating a self-reinforcing debt spiral.
Where will the money come from? Ray Dalio, founder of the world's largest hedge fund, Bridgewater, provided the answer: "There will be no default, the central bank will print money."
And this will directly lead to currency devaluation.
Musk himself also warned, "The dollar will become worthless."
The decline in the dollar's purchasing power is a fact. According to Federal Reserve data, $100 in 2025 will have a purchasing power equivalent to about $12 in 1970.
What does this mean for us in the crypto space?
When the world's wealthiest entrepreneurs and top investors are discussing the risks of sovereign currency devaluation and the redemptive power of technology, it highlights one of the core narratives behind the birth of cryptocurrencies like Bitcoin: combating inflation and devaluation of fiat currency, becoming a non-sovereign, supranational store of value.
Musk places hope in the "productive deflation" brought by AI and robotics, while the belief in the crypto world is partly based on the "monetary deflation" brought about by algorithms and decentralization. Although they seem to be on different tracks, they are actually facing the same macroeconomic dilemma.
When "printing money to save the country" becomes the only option, would you prefer to hold a fiat currency that is destined to be diluted, or a cryptocurrency with a fixed supply? This consensus game about future value has quietly begun.
