• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Musk and Kiyosaki: Economic Troubles in the U.S. and Bitcoin's Future

user avatar

by Giorgi Kostiuk

a year ago


  1. Warnings of a Potential Collapse
  2. Bitcoin vs. Dollar Comparison
  3. Experts' Economic Forecasts

  4. Elon Musk, owner of X (formerly known as Twitter), and other experts, including Robert Kiyosaki, have voiced concerns about the economic direction of the United States. They highlight the adverse effects of excessive government spending and controversial actions by the Federal Reserve.

    Warnings of a Potential Collapse

    Musk and Kiyosaki see serious risks for the U.S. economy in the accumulation of national debt and increasing federal budget deficit. Musk expressed concerns, pointing to data indicating that by 2035 the U.S. deficit may rise by an additional $16 trillion, which he believes could lead to national bankruptcy and increased inflation. Macroeconomist Henrik Zeberg also noted that the current interest rate policies of the Federal Reserve could lead to a deep recession and deflation.

    'The biggest monetary policy mistake in history.'

    Bitcoin vs. Dollar Comparison

    Bitcoin is becoming more popular as an alternative way to protect capital in times of economic uncertainty. Robert Kiyosaki has repeatedly emphasized that the continuous issuance of dollars devalues them, while the limited supply of Bitcoin makes it immune to the inflationary risks associated with traditional currencies. Bitcoin, in his view, represents a form of money free from government control.

    Experts' Economic Forecasts

    Michael Saylor, president of MicroStrategy and a leading Bitcoin advocate, also criticizes U.S. economic policies, noting the long-term decline in the dollar's purchasing power. Saylor states that using Bitcoin as the main reserve asset protects against inflation and avoids losses in national currency value.

    Experts agree that U.S. economic policies may lead to serious consequences for the country's stability. In this regard, Bitcoin is seen by them as a reliable means of protecting capital.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Arbitrage: A Key Component of Market Quality in Prediction Markets

chest

Arbitrage is essential for enhancing the quality of prediction markets by ensuring prices reflect settlement realities and maintaining usability for serious participants.

user avatarFilippo Romano

US DOJ to Dismiss Insider Trading Case Against Nathaniel Chastain

chest

The US Department of Justice will dismiss the insider trading case against Nathaniel Chastain, following a deferred prosecution agreement.

user avatarRajesh Kumar

The Structural Nature of Arbitrage in Prediction Markets

chest

Arbitrage in prediction markets like Polymarket is a structural necessity that stabilizes markets and enhances credibility.

user avatarLucas Weissmann

Historical Lows Predict Market Optimism and Potential Volatility

chest

Historically low cash holdings indicate market optimism, potentially leading to economic booms and increased volatility.

user avatarEmily Carter

Ongoing Deliberation on Corporate Digital Asset Investment Framework

chest

The Financial Services Commission of South Korea is discussing with a public-private task force to create guidelines for corporate participation in digital asset markets.

user avatarTomas Novak

Sui Blockchain's Mysticeti V2 Achieves Subsecond Finality

chest

The Sui blockchain's Mysticeti V2 upgrade has achieved subsecond block finality, enhancing user experience and enabling new decentralized applications.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.