In a fiery exchange on X, American filmmaker and Bitcoin advocate Max Keiser stirred the crypto world by calling the U.S. economy a Ponzi scheme. His remarks followed Elon Musk’s sharp criticism of the new One Big Beautiful Bill Act (OBBBA).
Keiser didn’t stop at calling out the U.S. financial system. He also repeated his long-standing prediction that Bitcoin will eventually soar to $2.2 million. According to him, the collapse of traditional finance is no longer a distant threat and Bitcoin is the only hedge.
As debates over government spending and national debt intensify, both Keiser and Musk are capturing attention with their bold warnings about America’s financial future.
What Is the OBBBA Bill, and Why Is Elon Musk Against It?
The controversy began when Elon Musk, now playing an influential role in President Trump’s administration through the Department of Government Efficiency (D.O.G.E.), took a public stand against the OBBBA bill.
Introduced by Senate Republicans after Trump’s 2024 re-election, the One Big Beautiful Bill Act proposes $150 billion in new defense spending, while suggesting cuts in other areas. But critics warn it could drastically worsen the national deficit.
Musk claims the bill would push the budget deficit to a “crushingly unsustainable” $2.5 trillion. He described the move as dangerous for taxpayers and damaging to the long-term health of the economy. His concerns have been echoed by others, including California Governor Gavin Newsom.
Keiser: “You Can’t Taper a Ponzi Scheme”
Keiser responded to Musk’s post with a blunt message: “You can’t taper a Ponzi scheme.” He believes the U.S. economy is trapped in a cycle of ever-increasing debt and that the system is heading for a major breakdown.
This, he argues, is exactly why Bitcoin matters. He views it not just as an investment, but as a lifeboat from a sinking system.
Bitcoin to $2.2 Million? Keiser Still Thinks So
Keiser has been predicting a massive Bitcoin surge since 2021. His target remains firm: $2.2 million.
He believes Bitcoin, often referred to as digital gold, will thrive while fiat currencies and traditional assets decline. In his words, “Everything goes to zero against Bitcoin. Everything. And I mean everything… is relatively or absolutely a Ponzi scheme compared to Bitcoin.”
For Keiser, Bitcoin isn’t just a better choice – it’s the only real choice.
Is the U.S. Economy Reaching a Breaking Point?
The OBBBA bill, backed by Senate Majority Leader John Thune and reportedly named by Donald Trump himself, has become a symbol of the larger battle over government spending and economic stability.
With debt rising and confidence in centralized finance starting to erode, voices like Musk and Keiser are gaining traction.
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FAQs
The OBBBA is a post-2024 defense bill proposing $150B in new spending and budget cuts, raising major deficit concerns.
Musk warns it could raise the U.S. deficit to $2.5T, calling it dangerous for taxpayers and harmful to long-term economic health.
Keiser sees Bitcoin as a hedge against fiat collapse, calling it the only honest financial system left.
