‘Nothing Stops This Train’—$37 Trillion ‘Emergency’ Behind Tesla CEO Elon Musk’s ‘America Party’ Primes A Bitcoin Price Bombshell

Tesla chief executive Elon Musk, the former “first buddy” who was U.S. president Donald Trump’s right-hand man until recently, has announced he’s starting his own political party called the “America Party" (while dropping hints he’s still backing bitcoin).

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Musk, whose stark warnings over the spiraling $37 trillion U.S. debt pile were a big part of his campaign to get Trump back into the White House last year, has fallen out with Trump over the raising of the U.S. debt ceiling in Trump’s signature "one, big, beautiful bill."

Now, as the bitcoin price is braced for “trillions and trillions” to hit the market, bitcoin and crypto analysts are predicting a bitcoin price boom as a result of the U.S.’s “massive fiscal expansion.”

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ForbesWild New Satoshi Nakamoto Theory Emerges From Massive $8 Billion Bitcoin Transfer MysteryBy Billy BambroughMORE FOR YOUU.S. president Donald Trump and Tesla billionaire Elon Musk worked together in the first few months ... More of Trump's second term but have fallen out over the growing U.S. debt pile—which some think could power a bitcoin price boom.

AFP via Getty ImagesMusk has said he believes president Trump as well as Republican Party politicians who won last year’s election on a spending-reduction platform have betrayed voters who want government spending to be reined in.

Fears over the U.S. debt pile have taken hold among investors on Wall Street and in Silicon Valley, with David Friedberg, a host of the influential All In Podcast that’s had both Musk and Trump on as guests, declaring: "We are in a fiscal emergency in this country and we’re not addressing it."

U.S. debt has skyrocketed in recent years following huge government spending through the Covid-era and lockdowns, with interest rates that were rapidly hiked to rein in inflation adding to the cost of servicing the ballooning $37 trillion U.S. debt pile.

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Forbes‘Please Be Careful’—ChatGPT’s OpenAI Issues Serious WarningBy Billy BambroughThe bitcoin price has rocketed higher alongside the soaring U.S. debt pile, with Tesla chief ... More executive Elon Musk going to war with what he believes is out of control government spending.

Forbes Digital AssetsThis week, Trump’s "one, big, beautiful bill," designed to overhaul the U.S. tax-and-spend landscape and power the country’s next phase of growth while adding an expected $3 trillion of debt and raising the debt ceiling by $5 trillion, was passed by the House of Representatives.

The bill is “one big red flag for fiscal sustainability and one big green flag for risk assets, especially crypto,” according to bitcoin and crypto investor Lark Davis, who wrote in an emailed note that, "this is exactly why we buy bitcoin."

“Bitcoin has historically delivered double-digit gains in the weeks after big spending bills," Davis wrote. "Bitcoin jumped 38% when Trump signed a major spending bill in late 2020. If bitcoin’s price action were to repeat again, this time it would send the price to $150,000. And because nothing stops this train, it’s hard money for the win during a debt crisis.”