Financial journalist and Bitcoin advisor to El Salvador’s president, Nayib Bukele, Max Keiser, recently shared his thoughts on the rapidly growing national debt of the United States. Keiser took to his social media account, X (formerly known as Twitter), to discuss the concerning issue. He quoted a tweet from @RadarHits X, revealing that the U.S. national debt has reached an all-time high of $35.27 trillion. This translates to $104,568 of debt per citizen. Keiser made a bold prediction, speculating that the fiat U.S. dollar could collapse within the next six months.
According to @RadarHits, the significant increase in the national debt can be attributed to the recent U.S. involvement in various geopolitical events. The country has provided substantial financial support and printed billions of dollars to fund these activities. The debt has surged by a trillion U.S. dollars in just eight months, with it standing at $34 trillion in January 2024.
Notable figures in the financial world have weighed in on the escalating U.S. debt crisis. Robert Kiyosaki, the author of the popular book “Rich Dad Poor Dad,” identified the growing debt as a key factor driving Bitcoin’s price to at least $100,000 in the near future. Keiser also highlighted the importance of Bitcoin as a secure cryptocurrency compared to other alternatives such as TON, ADA, XRP, and ETH. He emphasized that Bitcoin’s creator, Shytoshi Nakamoto’s decision to remain anonymous adds to its credibility.
In a separate incident, Pavel Durov, the founder of the Telegram messaging app and TON cryptocurrency, was arrested at a French airport. The arrest was made on the grounds of non-compliance with French authorities’ demands for access to personal user data and encryption keys. Durov faced multiple charges, including complicity in drug trafficking, fraud, and money laundering. Despite TON’s assertion that its blockchain continued to operate normally, the cryptocurrency experienced a decline of over 15% following Durov’s arrest.
Keiser’s remarks on the TON incident underscored the importance of choosing reliable and secure cryptocurrencies. He warned that other altcoins could face similar fates if they lack the robustness and anonymity offered by Bitcoin. As the financial landscape continues to evolve, the stability and security of cryptocurrencies will become increasingly paramount in safeguarding investors and users alike.