Bitcoin surged above $81,000 for the first time as Tesla billionaire Elon Musk called on new US president-elect Donald Trump to use the cryptocurrency to address America’s “unsustainable” debt growth.
The Tesla titan, who endorsed Mr Trump during his campaign trail, has been warning of a looming “financial emergency” in the US.
“Excess government spending is driving America into bankruptcy….This debt growth is unsustainable,” the multibillionaire posted on X.
Mr Trump too brought up the idea of using Bitcoin to “pay off the $35 trillion” national debt in August this year.
“Hand them a little crypto check, right? We’ll hand them a little bitcoin and wipe out our $35 trillion,” he said.
Following his election victory and as the 45th US President inches closer to overall control of the US Congress, Bitcoin rallied past $81,000 on Sunday as other cryptocurrencies also continued to surge in price.
(Independent)
