Financial journalist and Bitcoin advisor to El Salvador’s president, Nayib Bukele, Max Keiser recently shared his thoughts on the rapidly increasing national debt of the United States. Keiser’s prediction comes in response to a tweet by @RadarHits X, revealing that the U.S. national debt has soared to a record high of $35.27 trillion, translating to approximately $104,568 in debt per citizen. Keiser anticipates the collapse of the fiat U.S. dollar within a short timeframe of around six months, attributing the escalating debt to the country’s recent involvement in various geopolitical events and the extensive financial support and money printing associated with it.
Investor and author of the renowned “Rich Dad Poor Dad” book, Robert Kiyosaki, also weighed in on the issue by linking the surging U.S. debt to Bitcoin’s potential rise to $100,000 in the near future. Kiyosaki’s viewpoint aligns with Keiser’s prediction, emphasizing the role of the growing debt in driving the value of the cryptocurrency upwards.
The narrative takes a dramatic turn with the arrest of Pavel Durov, the founder of the Telegram messaging app and TON cryptocurrency, at a French airport. Durov’s arrest stemmed from alleged non-compliance with French authorities’ demands for personal user data and access to secret chats, prompting charges of complicity in drug trafficking, fraud, and money laundering. Despite paying a hefty five million EUR bail, Durov now faces the obligation of reporting to the police twice weekly. The aftermath of Durov’s arrest saw TON experiencing a significant drop of more than 15%, albeit the assurance from the project’s team that the blockchain remained operational.
Responding to the TON debacle, Max Keiser emphasized Bitcoin’s superior security compared to other cryptocurrencies like TON, ADA, XRP, and ETH, referring to these alternatives as “s-coins.” Keiser pointed out that the anonymity of Bitcoin’s creator, Satoshi Nakamoto, sets it apart as a trustworthy and reliable asset, insulating it from the vulnerabilities faced by other digital currencies. In light of Pavel Durov’s legal issues and TON’s subsequent decline, Keiser warned that similar pitfalls could befall the plethora of altcoins in the market, reinforcing the inherent stability of Bitcoin amidst such uncertainties.
Max Keiser’s bold prediction on the impending collapse of the U.S. dollar in the face of burgeoning national debt, coupled with Robert Kiyosaki’s optimistic outlook on Bitcoin’s growth, underscores the intricate interplay between economic factors and cryptocurrency dynamics. The juxtaposition of these narratives with Pavel Durov’s legal saga serves as a cautionary tale, highlighting the importance of regulatory compliance and the imperative of maintaining trust and credibility in the volatile landscape of digital assets.