Max Keiser, an American filmmaker and Bitcoin (BTC) advocate, has warned that the U.S. economy is in serious trouble. In a recent X post, he described it as a Ponzi scheme because of the growing budget deficit. At the same time, he believes Bitcoin will rise to $2.2 million and become a haven when the economy fails. His comments came after a new bill was introduced in Congress that experts say will worsen the budget deficit. One Big Beautiful Bill Act Sparks Debate The proposed bill, the One Big Beautiful Bill Act (OBBBA), was introduced by Senate Republicans, led by Majority Leader John Thune, after President Donald Trump returned to the White House in 2024. This proposed law aims to add $150 billion in defense spending. This bill has caused a stir in the crypto community. Elon Musk, a billionaire entrepreneur, publicly criticized it. Musk said the bill would push the budget deficit to an unsustainable $2.5 trillion. He called the bill dangerous for taxpayers and harmful to the economy’s long-term health. Others, including California Governor Gavin Newsom, agreed with Musk’s concerns. Musk was a strong supporter of Donald Trump during the 2024 elections. Since then, Tesla’s CEO has been involved with the Trump administration. He led the Department of Government Efficiency (D.O.G.E.), which focused on cutting wasteful government spending. Musk has officially stepped down from his government role recently , stating that improving federal operations proved an “uphill battle.” Musk believes the U.S. could face bankruptcy if it does not take urgent steps to grow its productivity and reduce government spending. Max Keiser Calls The U.S. Economy a Ponzi Scheme Max Keiser responded to Musk’s post by saying the U.S. economy is like a Ponzi scheme that cannot be fixed with small changes. He believes the growing debt is too big to manage with minor spending cuts. Meanwhile, many industry leaders have also raised concerns about the U.S. growing debt. Larry Fink, the CEO of BlackRock, said the U.S. dollar’s position as the world’s top currency is not guaranteed. He warned that America’s debt crisis is pushing investors to rethink their strategies. Bitcoin as a Safe Haven Max Keiser firmly believes that Bitcoin will ultimately win if the U.S. economy collapses. He said the country’s financial crisis has made the digital coin more appealing to investors. Many see it as a hedge against the failure of traditional financial systems. The American filmmaker has predicted since 2021 that Bitcoin’s price will reach $2.2 million, calling it digital gold . Keiser thinks that, compared to Bitcoin, almost all other financial systems are weak and could lose value. The post Max Keiser Predicts Bitcoin to Reach $2.2M Amid New Bill Debate appeared first on TheCoinrise.com .
