Record National Debt Will Lead the Dollar to its Demise – Max Keiser

Max Keiser, a financial journalist and Bitcoin advisor to El Salvador’s President Nayib Bukele, has voiced his concerns about the escalating U.S. national debt on social media platform X.

Keiser referenced a tweet from @RadarHits, which reported that the U.S. national debt has surged to a record $35.27 trillion, equating to approximately $104,568 per citizen. Keiser predicts that the U.S. dollar could collapse “probably within 6 months,” attributing the rapid increase in debt to recent U.S. geopolitical actions and substantial financial support, which have necessitated extensive money printing.

The national debt has risen by a trillion dollars in just eight months, up from $34 trillion in January 2024.

In related news, Robert Kiyosaki, author of “Rich Dad Poor Dad,” has linked the soaring U.S. debt to Bitcoin’s anticipated rise, forecasting that Bitcoin could reach $100,000 within the coming year.

READ MORE:

Billionaire Warns of Economic Downturn and Dollar Weakness

Recently, Pavel Durov, the founder of Telegram and TON cryptocurrency, was arrested at a major French airport after disembarking from his private jet. The arrest was due to allegations of non-compliance with French authorities, who demanded user data and encryption keys.

Durov faced charges including drug trafficking, fraud, and money laundering, but was released on a €5 million bail and must now report to the police twice weekly. Following Durov’s arrest, the value of TON dropped by over 15%, although the TON blockchain, managed by a separate team, continued to operate normally.

Keiser commented on the incident, asserting that Bitcoin remains the only secure cryptocurrency, in contrast to “s-coins” like TON, ADA, XRP, and ETH. He warned that any of the 30,000 altcoins could face a similar fate to TON.

Alexander Stefanov