Max Keiser just made a bold prediction about the future of the U.S. dollar. Keiser is the advisor of El Salvador’s president, and also one of the most famous, infamous, and controversial Bitcoiner in the world.
U.S. debt spiral
Keiser’s prediction came in response to a tweet from the RadarHits account, which shared that the U.S. national debt reached the unprecedented $35.27 trillion.
This translates to a serious debt of $104,568 for every single American citizen. Keiser warned that the U.S. dollar could potentially collapse probably within six months as a result of this spiraling debt.
RadarHits post hinted that the rapid increase in debt is largely due to the U.S. government’s financial decisions, which have involved printing billions of dollars to fund various geopolitical activities. And average Americans have to pay this.
Few understand the compounding effect of U.S. debt
In just eight months, from January the national debt surged by an additional trillion dollars, rising from $34 trillion.
Robert Kiyosaki, another well-known investor and author of the Rich Dad Poor Dad books, also pointed to the growing U.S. debt as a key factor that could drive Bitcoin’s price to $100,000, possibly as early as next year.
The Telegram crypto and other alts aren’t that different
Around a week ago, the billionaire founder of the Telegram messaging app and the TON cryptocurrency, Pavel Durov was arrested in France.
Durov was detained after exiting his private jet, with French authorities citing his refusal to cooperate by providing user data and keys to encrypted chats as the reason for his arrest.
He faced several charges, including complicity in drug trafficking, fraud, and money laundering.
Durov was later released after paying a five million EUR bail but is now required to report to the police twice a week.
Following his arrest, TON dropped by more than 15%, despite reassurances from its team that the blockchain continues to operate normally. But it also had two outage since then.
Keiser commented on Durov’s situation, using it as a good example to repeating his belief that Bitcoin remains the only truly secure cryptocurrency.
He criticized other cryptocurrencies like TON, labeling them sh*tcoins, and pointed out that their founders, unlike Bitcoin’s creator Satoshi Nakamoto, aren’t anonymous.
Keiser warned that any of the 30,000 altcoins could face a fate pretty similar to that of TON and its founder.
Have you read it yet? El Salvador’s Bitcoin adoption is lower than expected
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
