Part 5/13:
Elon Musk’s recent comments have also played a part in reinforcing market optimism. Musk emphasized the urgency of addressing the US national debt, warning that fiat currencies might lose value without proper fiscal management. The sentiment that the dollar is losing its last 1% of value, after losing 99% over the past 70 years, adds to the narrative that Bitcoin is becoming a vital hedge against inflation and currency devaluation.