U.Today

Max Keiser, a financial journalist and Bitcoin advisor to El Salvador’s president Nayib Bukele, expressed his views on the rising U.S. national debt via his X (previously Twitter) account.

Keiser referenced a tweet from the @RadarHits account, highlighting that the U.S. national debt has hit an unprecedented $35.27 trillion, translating to approximately $104,568 per citizen. He forecasted a potential collapse of the U.S. dollar “probably within 6 months.” The rapid debt increase is partly attributed to U.S. financial involvement in recent geopolitical events, with $1 trillion added in just eight months, bringing the total to $34 trillion by January 2024.

Investor Robert Kiyosaki, author of “Rich Dad Poor Dad,” stated that this escalating debt is a key factor in Bitcoin’s projected rise to at least $100,000 in the near future, possibly as soon as next year.

Keiser on Durov’s Arrest: “Bitcoin is Most Secure”

About a week prior, Pavel Durov, founder of the Telegram messaging app and TON cryptocurrency billionaire, was arrested at a French airport after disembarking from his private jet. He was accused of failing to cooperate with French authorities demanding user data and facing charges linked to drug trafficking, fraud, and money laundering.

Durov was released after a €5 million bail and must report to police bi-weekly. Following his arrest, TON’s value plummeted by over 15%, despite the blockchain continuing its normal operations according to its team, which is distinct from Telegram.

Keiser remarked that Bitcoin remains the only secure cryptocurrency, contrasting it with “s-coins” like TON, ADA, XRP, and ETH, noting that Satoshi Nakamoto’s anonymity contributes to Bitcoin’s security. He cautioned that any of the 30,000 altcoins could face similar challenges as TON and its founder.

This article was originally published on U.Today