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BTC Musk issued an ultimatum to governments around the world: Automate or go bankrupt
Tesla and xAI CEO Elon Musk wrote on Platform X (formerly Twitter):"The welfare state and free immigration will obviously put any country into financial bankruptcy." He posted on September 14, saying,"Artificial intelligence and robotics are the only way to achieve universal high income for everyone on earth."
This comment marks a sharp swing in Musk's position on artificial intelligence. A few days earlier, he had supported Anthropic CEO Dario Amodei's call to slow down the development of cutting-edge technologies, and agreed in a rare way on the X platform: "Dario is right." This view is echoed by OpenAI Ultraman.
However, on the economic level, Musk is accelerative. He believes that machine labor will produce products so large and cheap that scarcity itself will begin to fade. In contrast, Donald Trump completely ignored security concerns and bluntly said: "Whoever wins artificial intelligence wins the future."
Repeatedly reiterated warnings and inherent contradictions
Musk's fear of bankruptcy is not new, but there is an obvious logic loophole in the solution he proposes. As early as April this year, he warned that once artificial intelligence and robots injected massive output into the economy, the government must "issue dollars to the people" or it would trigger large-scale deflation.
This is the dilemma: in order to fund widespread "high income", countries must print money; and printing on this scale will lead to currency devaluation and ultimately lead to the same bankruptcy through another path. Inflation is essentially a slow default.
This pressure is already showing signs. Top cryptocurrency companies such as the Ethereum Foundation, Coinbase, Block, MARA Holdings and BitGo Holdings have all laid off employees this year and attributed the decision to the integrated application of artificial intelligence.
Why the cryptocurrency community pays close attention to Musk's mathematical logic
If the welfare system is bankrupt due to spending, and the "universally high income" achieved by printing money is bankrupt due to inflation, then the common source of these two failures lies in a monetary system that politicians can create at will.
Bitcoin was born to remove this leverage. Its supply is strictly limited to 21 million coins, and no automated prosperity, election or emergency situation can mint more coins. In the eyes of its supporters, this fixed cap is the only honest way to allocate the wealth created by machines, avoiding the practice of quietly recovering wealth through currency devaluation.
This is also the core theory that drives institutions to use Bitcoin as a hedge against sovereign debt. Although Musk did not mention cryptocurrencies in his posts, whenever he warned that the traditional financial system was going bankrupt, the crypto community turned it into an opportunity to promote Bitcoin.
