Financial journalist and Bitcoin advisor to El Salvador’s president, Nayib Bukele, Max Keiser recently took to social media to express his concerns regarding the rapidly increasing national debt of the United States. Quoting a tweet that revealed the US national debt had skyrocketed to a new all-time high of $35.27 trillion, Keiser predicted that the fiat US dollar is on the brink of collapse, possibly within the next six months.
Following Keiser’s warning, investor and author of the “Rich Dad Poor Dad” book, Robert Kiyosaki, also weighed in on the issue. Kiyosaki pointed to the fast-growing US debt as a significant factor driving Bitcoin’s growth. He even forecasted that the price of Bitcoin could reach $100,000 in the near future, possibly as soon as next year.
In a separate incident, Pavel Durov, the founder of the Telegram messaging app and TON cryptocurrency, faced legal troubles when he was arrested at a French airport. The charges against Durov included complicity in drug trafficking, fraud, and money laundering. Despite paying a five million EUR bail, Durov is now required to report to the police twice a week.
Keiser commented on Durov’s situation, emphasizing that Bitcoin is the only secure cryptocurrency compared to other “s-coins” like TON, ADA, XRP, and ETH. He attributed Bitcoin’s security to Satoshi Nakamoto’s decision to remain anonymous. Keiser warned that any of the 30,000 altcoins in the market could face a similar fate as TON and its founder, Pavel Durov.
The rapidly increasing US national debt poses a significant threat not only to the country’s economy but also to the global financial market. Keiser’s warning about the potential collapse of the US dollar should serve as a wake-up call to policymakers and investors alike. It underscores the urgency for countries to adopt more sustainable economic policies to prevent a financial catastrophe of unprecedented proportions.