Elon Musk’s bankruptcy warnings collide with JPMorgan’s first Bitcoin forecast

Musk says the US will go broke without AI and robots, while JPMorgan Asset Management now pencils in a 10% annual return for Bitcoin Elon Musk has a new item on his worry list. The Tesla and SpaceX chief, described by Forbes as the world’s first trillionaire, has paired his long-running warnings about financial collapse with fresh fears about an artificial intelligence-driven nightmare. His latest message is a warning of “global bankruptcy.” Forbes suggests it could become a game-changer for the Bitcoin price, and it lands just as JPMorgan rolls out a Bitcoin forecast that Forbes called “extraordinary.” Musk’s math: robots or ruin During a February 2026 appearance on the Dwarkesh Podcast, he put his confidence level well past the usual scale. “We are 1000% going to go bankrupt as a country and fail as a country without AI and robots.” Musk’s view is that the US cannot outgrow its debt with today’s economy. Only a big jump in productivity from AI and robotics would let the country cover what it owes. Without that jump, he argues, the bill eventually wins. US national debt passed $40 trillion in late 2026, according to the research findings. Interest payments on that debt are reporte...