Bitcoin ‘Going To Take Over’—Tesla CEO Elon Musk Backs Shock $40 Trillion U.S. Dollar Collapse Warning Amid Price Boom

Bitcoin has surged over the last year, propelled higher by Wall Street’s embrace of crypto and U.S. president Donald Trump’s support (despite Google revealing a serious BlackRock bitcoin nightmare just got a lot worse).

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The bitcoin price set a new all-time high of $112,000 per bitcoin last month, surging 50% from its April low and helped by U.S. vice president JD Vance issuing a huge crypto prediction.

Now, as the Covid-era meme stock craze turns to bitcoin, Tesla billionaire Elon Musk has restarted his campaign against out-of-control U.S. government spending, backing a warning that bitcoin could “take over” from the U.S. dollar as the world’s reserve currency.
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If the electorate doesn’t hold Congress accountable to reducing the deficit, and start paying down the debt, bitcoin is going to take over as reserve currency,” Brian Armstrong, the chief executive of crypto exchange Coinbase, posted to X in comments reposted by Musk.