• 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

US Businesses Experience Mild Gains Amid Consumer Sentiment Improvement

chest

US businesses reported mild gains in January despite improved consumer sentiment, with weak growth in manufacturing and services.

user avatarJesper Sørensen

American Consumer Confidence Reaches Five-Month High

chest

In January, American consumer confidence saw a significant increase, reaching its highest level in five months.

user avatarNguyen Van Long

Google Launches Innovative Me Meme Feature in Google Photos

chest

Google has launched the Me Meme feature in Google Photos, enabling US users to create personalized memes from their photos using AI technology.

user avatarSatoshi Nakamura

Changpeng Zhao's Advocacy and Investments Flourish After Pardon

chest

Changpeng Zhao has become a prominent advocate for cryptocurrency after receiving a presidential pardon, engaging in significant investments and public speaking.

user avatarLucas Weissmann

Changpeng Zhao Granted Presidential Clemency by Donald Trump.

chest

Changpeng Zhao, former CEO of Binance, received a full presidential pardon from Donald Trump, erasing his 2024 conviction for anti-money laundering violations.

user avatarRajesh Kumar

Multi-Factor Technical Strategies Enhance CFD Optimization

chest

Diverse strategies are necessary to optimize CFD portfolios across various market phases. Traders and investors can employ multi-factor technical strategies to capitalize on different market conditions.

user avatarRajesh Kumar

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.