Musk says only AI and robots can fix $40T US debt, bitcoin cited as hedge
- —US national debt stood at about $40.39 trillion as of October 15
- —Musk: spending cuts are politically unworkable, productivity growth is needed
- —Tesla holds 11,509 BTC; SpaceX disclosed 18,712 BTC in its IPO filing
- —10-year Treasury yields hit 5.29%, 30-year reached 5.61%
Why it matters: Surging debt and yields reinforce the bitcoin debasement hedge narrative, supporting institutional demand for the asset.
Source: Blockmedia