Bitcoin News Today: Bitcoin's Rise Tied to Fading Dollar Faith

Max Keiser, a well-known commentator in the cryptocurrency space, has made a bold prediction regarding the future of Bitcoin, stating that the asset could reach $2.2 million. This forecast aligns with broader sentiments in the market, where growing concerns over the U.S. debt crisis and potential devaluation of the dollar have led to renewed interest in digital assets as alternative stores of value. The U.S. national debt has now exceeded $37 trillion, a figure that has prompted economists and financial analysts to speculate on its long-term implications for the global economy and the status of the U.S. dollar.

Kenneth Rogoff, former chief economist at the International Monetary Fund and a Harvard professor, recently reiterated his concerns over the sustainability of the U.S. debt situation in an article published in Foreign Affairs on August 19, 2025. Rogoff noted that rising doubts about the safety of U.S. Treasury debt could lead to higher interest rates and complicate debt management. He further argued that such conditions could benefit Bitcoin by increasing demand for it as a hedge against economic instability and fiat devaluation [3]. His comments reflect a shift from his earlier skepticism about Bitcoin’s value, acknowledging the cryptocurrency’s resilience and potential role during times of fiat currency uncertainty.

In parallel, Brian Armstrong, CEO of Coinbase, has also voiced optimism about Bitcoin’s future, projecting that the price could reach $1 million by 2030. Armstrong cited factors such as increasing regulatory clarity and the adoption of Bitcoin by major players like President Donald Trump as key drivers of long-term growth. He also pointed to the U.S. debt-to-GDP ratio as a critical indicator of the nation’s economic health, noting that historically, when countries have faced similar debt levels, their currencies have often lost significant value [1]. This sentiment underscores a broader narrative in which Bitcoin is increasingly being viewed as an alternative to traditional financial systems.

The U.S. Treasury and Federal Reserve have also been under scrutiny for their handling of the nation’s financial situation. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell have been linked to discussions surrounding gold revaluation as a potential method to fund a U.S. strategic Bitcoin reserve. Bessent, while denying revaluation plans in the past, has since appeared to hint at broader strategies to mobilize assets, potentially including gold and Bitcoin, for national economic stability [2]. Meanwhile, the Federal Reserve has published detailed studies on how countries revalue gold, raising speculation about whether the U.S. might follow a similar path to address its growing debt.

Looking ahead, the implications for Bitcoin investors are significant. A potential U.S. debt crisis could accelerate the adoption of Bitcoin as a safe-haven asset, especially among investors seeking to hedge against fiat currency devaluation. While such scenarios remain speculative, the market appears to be pricing in the possibility of increased volatility and long-term appreciation. Analysts suggest that Bitcoin’s price trajectory could be influenced by a range of factors, including macroeconomic signals, institutional investment, and regulatory developments. As these dynamics continue to evolve, the cryptocurrency’s role in global financial markets is likely to grow.

Source: [1] title1 (https://www.forbes.com/sites/digital-assets/2025/08/23/global-crisis-37-trillion-fed-dollar-crash-fears-fuel-huge-bitcoin-ethereum-xrp-and-crypto-price-predictions/) [2] title2 (https://www.morningstar.com/news/marketwatch/20250823188/heres-the-863-billion-secret-powell-trump-and-bessent-arent-telling-us-about-gold-and-bitcoin) [3] title3 (https://bitcoinpie.online/harvard-economist-rogoff-says-u-s-debt-crisis-could-be-good-for-bitcoin/)