• 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

Bitget Achieves Major Milestone with $10 Billion in Stock Futures Trading

chest

Bitget, the world's largest Universal Exchange, has announced that its US stock futures have exceeded $10 billion in cumulative trading volume, reflecting strong market momentum and user demand.

user avatarMohamed Farouk

Bitget Introduces 90-Day Trading Fee Reduction for Stock Futures

chest

Bitget is running a limited-time 90-day trading fee reduction campaign for stock futures until January 31, allowing traders to explore tokenized stock futures with ultra-low fees.

user avatarElias Mukuru

Concerns Arise Over Reported Movement of 2356 Trillion SHIB Tokens

chest

Concerns arise over the reported movement of 2356 trillion SHIB tokens, suggesting a technical anomaly rather than genuine market activity.

user avatarBayarjavkhlan Ganbaatar

Hong Kong Plans Stablecoin Licensing Diverging from Mainland Policies

chest

Hong Kong is planning to implement a stablecoin licensing regime, contrasting with the strict regulations imposed by mainland China.

user avatarDiego Alvarez

Litecoin Price Shows Modest Gains Amid Key Resistance

chest

Litecoin's price has reached 8180, showing a modest increase of 0.11% while facing resistance at 92.

user avatarKenji Takahashi

Mark Yusko Declares Bitcoin as the Future Money

chest

Mark Yusko declares Bitcoin as the future money, comparing it to gold and emphasizing its role as a digital store of value.

user avatarMaria Fernandez

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.