U.Today – Max Keiser, a financial journalist and advisor to El Salvador's President Nayib Bukele, took to his X account (formerly known as Twitter) to share his opinion on the possible outcome of the rapid increase in the United States national debt.
Keiser cited a tweet posted by the @RadarHits X account. It reveals that the US national debt has reached a new all-time high of $35.27 trillion. The debt now comprises $104,568 of debt per citizen.
The Bitcoin bull shared a prediction that he expects the US fiat dollar to collapse “probably within 6 months.” @RadarHits hinted that the rapid growth in debt is largely due to the US’ recent involvement in certain geopolitical events, providing huge financial support and printing billions of dollars for that purpose.
Debt soared, reaching US$1 trillion in just eight months: by January 2024, it stood at US$34 trillion.
In his recent tweets, investor and author of the book “Rich Dad, Poor Dad,” Robert Kiyosaki, referred to the rapid growth of US debt as one of the main reasons for Bitcoin’s growth to at least $100,000, which he expects to happen in the near future, such as next year.
Max Keiser on Durov's arrest: “Bitcoin is the safest thing”
About a week ago, Telegram messaging app founder and TON cryptocurrency billionaire Pavel Durov was arrested at a major French airport after exiting his personal jet.
The official reason for his arrest was his failure to cooperate with French authorities, who demanded that Durov comply with the order and provide personal user data and passwords for secret chats. Durov faced charges of complicity in drug trafficking, fraud and money laundering, among others.
However, Durov was released after paying a bail of five million euros and is now forced to visit the police twice a week. When Durov was arrested, TON collapsed by more than 15% despite his team, which is not the Telegram team, stating that the TON blockchain is operating in its usual mode.
Keiser commented on the situation, stating that Bitcoin is the only secure cryptocurrency, unlike the “s-coins”: TON, ADA, ETH and many others. This is because Shytoshi Nakamoto chose to remain anonymous.
Keiser tweeted that any of the 30,000 altcoins could face a fate similar to that of TON and its founder Pavel Durov.
This article was originally published on U.Today
