In a recent tweet, financial journalist and Bitcoin advisor to El Salvador’s president, Nayib Bukele, Max Keiser, expressed his concerns about the rapidly increasing national debt of the United States. According to Keiser, the U.S. national debt has skyrocketed to a new all-time high of $35.27 trillion, with each citizen now carrying a debt of $104,568. He predicts that the fiat U.S. dollar is on the brink of collapse, possibly within the next six months.
Following Keiser’s warning, investor and author of the popular book “Rich Dad Poor Dad,” Robert Kiyosaki, also weighed in on the issue. Kiyosaki cited the fast-growing U.S. debt as a significant factor driving the price of Bitcoin to at least $100,000 in the near future, possibly by next year. This prediction aligns with Keiser’s concerns about the stability of the U.S. dollar in light of its mounting debt.
Amidst discussions about the U.S. national debt and the future of Bitcoin, the arrest of Pavel Durov, the founder of the Telegram messaging app and TON cryptocurrency, has also made headlines. Durov was detained at a leading French airport for allegedly failing to cooperate with French authorities who requested access to personal user data and keys to secret chats. The charges against Durov included complicity in drug trafficking, fraud, and money laundering, among others.
Following Durov’s arrest, TON cryptocurrency experienced a significant drop of more than 15%. Despite assurances from the TON team that the blockchain was operating as usual, the incident raised concerns about the security and stability of altcoins. Keiser emphasized that Bitcoin, with its anonymous creator Satoshi Nakamoto, is the only secure cryptocurrency, contrasting it with other “s-coins” like TON, ADA, XRP, and ETH. He cautioned that any of the 30,000 altcoins in the market could face a similar fate to TON if proper precautions are not taken.
The warnings from Max Keiser and Robert Kiyosaki regarding the U.S. national debt and the future of Bitcoin serve as a wake-up call for investors and policymakers. The arrest of Pavel Durov further underscores the legal uncertainties surrounding cryptocurrencies and their founders. As the financial landscape continues to evolve, it is essential to stay informed and cautious when navigating the volatile world of digital assets.