Elon Musk has warned of a looming US debt crisis that could cripple essential services and lead to the nation’s economic collapse. He cites alarmingly high interest payments on government debt, which consume nearly 25% of federal revenue, leading him to question if America can continue relying solely on debt for funding vital areas like healthcare, defense, and social security. This raises the possibility that Bitcoin could become a replacement for the US dollar as the global reserve currency. Musk’s warnings come after Coinbase CEO Brian Armstrong issued similar concerns regarding the potential downfall of the US dollar, highlighting the need for drastic action to tackle the nation’s mounting debt.