As an analyst with over three decades of experience in the financial markets, I find Max Keiser’s predictions and insights consistently intriguing. His background as a financial journalist and Bitcoin advisor to El Salvador’s president lends credibility to his perspectives on global economic trends.
Max Keiser, a financial journalist and Bitcoin consultant for El Salvador’s President Nayib Bukele, recently expressed his thoughts about the potential consequences of the growing national debt of the United States, via his X (previously known as Twitter) platform.
According to Keiser, the Twitter handle @RadarHits recently posted an update showing that the U.S. national debt has hit a record-breaking $35.27 trillion. This translates to approximately $104,568 of debt for each and every American citizen.
The Bitcoin maximalist shared a prediction that he expects the fiat U.S. dollar to collapse “probably within 6 months.” @RadarHits hinted that the fast debt growth is largely down to recent U.S. involvement in certain geopolitical events, providing large financial support and printing billions of dollars for that purpose.
SPOILER ALERT 🚨
It’s gonna keep going until the $USD collapses, probably within 6 months.
— Max Keiser (@maxkeiser) August 30, 2024
Over the course of eight months starting in January 2024, the debt experienced an enormous increase, reaching a staggering $34 trillion. In simpler terms, that’s roughly a third of a quadrillion U.S. dollars added to the debt within such a short timeframe.
According to his latest tweets, financial expert and author of “Rich Dad Poor Dad,” Robert Kiyosaki, believes that the rapidly increasing U.S. debt could be a significant factor driving Bitcoin‘s value up to $100,000 or more in the near future, possibly as soon as next year.
Max Keiser on Durov’s arrest: “Bitcoin is most secure”
About a week past, the creator of the Telegram messaging app and TON cryptocurrency tycoon, Pavel Durov, was detained at a major French airport upon disembarking from his private plane.
The official reason for his arrest was the lack of cooperation with French authorities, who demanded that Durov comply and provide personal user data and keys to secret chats. Durov faced charges of complicity in drug trafficking, fraud and money laundering, aside from other charges.
Nevertheless, Durov has been freed after paying a five million EUR bond and must now report to the police on a bi-weekly basis. Despite his arrest, TON suffered a drop of over 15%, even though the TON team (not the Telegram team) maintained that the TON blockchain was functioning as normal.
Keiser expressed his thoughts on the matter, pointing out that among cryptocurrencies, Bitcoin stands alone as the most secure option due to its creator’s decision to stay anonymous, unlike other digital coins such as TON, Cardano (ADA), Ripple (XRP), Ethereum (ETH) and numerous others.
Kaiser posted on Twitter that it’s possible for any of the 30,000 alternative cryptocurrencies to experience a comparable setback as TON and its creator, Pavel Durov.
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2024-08-30 18:34