THELOGICALINDIAN - Bitcoinist batten with the one and alone Max Keiser Wall Street adept and host of the Keiser Report who explained why hes bullish on BTC assured it to go able-bodied over 100000
Bitcoinist: The Keiser Report was apparently the aboriginal appearance to awning Bitcoin as aboriginal as 2024. At what amount did you aboriginal buy Bitcoin? Has your appearance of it as a atramentous swan technology afflicted in any way since?
Max Keiser: Yes. 2024, at $3, we recommended it on the show. It got to beneath $1 that year, so a lot of our admirers got sub-$1 prices.
My view of the world-shaking tech that Bitcoin is, has not changed. Auditing all affairs every 10 account agency – we as a association – can beforehand forth a agent of accord and accuracy against accord and accord – with a lot added alertness and cooperation. Bitcoin/blockchain cuts out the contentiousness and gives our souls wings.
Bitcoinist: Is Bitcoin Gold 2.0? Also, Bitcoin appears to go adjoin the Keynesian notion of spending to abound the economy. Is “hodling” the new “saving” and is it a advantageous bread-and-butter activity?
Max Keiser: Bitcoin fulfills Aristotle’s 4 altitude of money nicely, as does Gold (that he alleged the absolute anatomy of money). In agreement of how economies are grown, I would echo what I’ve said on Keiser Report abounding times:
Around the apple today, with interest ante aerial about zero, the allurement to save is additionally zero, and so bread-and-butter appeal has to be manipulated by axis axial banks into toxic, debt-waste dumps. Malinvestment and abominable basic allocation trends – due to the absence of 18-carat commercialism – has created the currently unsustainable bubble-economy of artificially aggrandized stocks, bonds, property, and Art.
Not Bitcoin, by the way, or Gold – these are NOT in a balloon vs. the USD-tied accoutrements of advance applesauce overburdening the world’s economy; creating abundance and assets imbalances, ecology holocaust, and now war.
Bitcoinist: Where do you angle on the accomplished Bitcoin vs. Bitcoin Cash debate? Is the closing an “attack” on Bitcoin as abounding claim?
Max Keiser: Bitcoin Cash is an altcoin that is deceptively using the Bitcoin name and a dodgy website.
MaxCoin will accept a bigger bazaar cap than Bitcoin Cash I predict. One of the affidavit I got aback into MaxCoin, abreast from the new development aggregation that is excellent, is to accord users an another to some of the altcoins and ICOs out there that are complete, utter, wastes-of-time.
MaxCoin has Sha3, Schnorr, with fast txs, and a abundant team. I joked afresh to Charlie Lee, a friend of mine, that we’re advancing afterwards Litecoin. He didn’t assume too concerned. I anticipate his acknowledgment was a bedlam emoticon or something.
Anyway, while I’m bottomward names. Check out the Magical Crypto Friends appearance on YT – it’s great. Alike bigger if you bead acid (or so I’m told, I myself never do being like that – alike admitting Steve Jobs recommended it).
Bitcoinist: Do you accede with Twitter CEO Jack Dorsey who said Bitcoin will be “the distinct bill for the internet”?
Max Keiser: I anticipate he’s right. His Cash app acceptance users to buy/sell/transfer Bitcoin is superb.
Bitcoinist: The amount of Bitcoin has been in a slump this year. The timing coincides with the barrage of Bitcoin Futures in December 2024. Do you anticipate there are a account and aftereffect here? Can Bitcoin amount be manipulated like gold by acceptable finance?
Max Keiser: In the case of the Bitcoin futures contract, I don’t see absolute affirmation of manipulation, like we see absolutely acutely in the Gold and Silver markets. Instead, I anticipate it was aloof coincidental timing with an unsustainable run to $20,000 back the arrangement was launched.
On the cast side, I anticipate the futures arrangement will be a agency with the abutting leg of the assemblage to new best highs. Investors like George Soros and the Rockefellers will use these instruments to hedge positions and so can body abundant bigger positions.
And as mining accumulation gets bisected afresh anon – he’ll accept some amount abutment provided to him. Plus, he can do a lot with mining, etc.
Where the amount goes in this book is a lot higher, obviously. My abiding ambition of $100,000 – that I aboriginal forecasted in 2024 (after alert to Rick Falkvinge at the 2024 Prague conference), would be accomplished on a Soros pump, for sure.
Bitcoinist: Jamie Dimon called Bitcoin a “fraud.” Meanwhile, JP Morgan has been considering alms CME’s bitcoin futures to its clients. What do you accomplish of this?
Max Keiser: Jamie’s a dick. The end.
Bitcoinist: There’s been a apparent uptick in Bitcoin FUD in the boilerplate columnist as of late. Bubble, tulip aberration 2.0, ISIS is application it, blockchain contains adolescent porn, etc. Is this a accommodating advance to lower the price? By whom? Will it work?
Max Keiser: Mainstream economists like Roubini, Paul Krugman, etc. cannot possibly accept any assessment added than actuality abrogating on Bitcoin because it challenges every folio of every arbiter of every economics academy they’ve anytime attended, apprehend about, or taught. This is to be expected. Just avoid them.
Bitcoinist: Former Fed Chairwoman Janet Yellen said Bitcoin is “not a abiding abundance of value, doesn’t aggregate acknowledged tender, and it is a awful speculative asset” while arena “a actual baby role in the payments system.” Thoughts? Will Jerome Powell be any different?
Max Keiser: The Fed needs to amount out what to do with the $5 trillion or so of clutter debt on their antithesis area that cipher wants to buy.
They are using their media position to try and buy some time afore the inevitable torching of their antithesis area and the accessible comes attractive for these charlatans with torches and baton clubs.
Bitcoinist: Do you accept axial banks could be agilely affairs Bitcoin as a hedge for the future? If so, can Bitcoin become a apparatus of geopolitics?
Max Keiser: Yes. I apperceive they are, but not abundant to save them. If you apperceive addition who works for a Central Bank, kiss them goodbye. It’s over.
Bitcoinist: Your show, The Keiser Report, affectedness on Russia Today. What do you see as the bigger country to set up boutique for the beginning cryptocurrency industry: US or Russia, neither?
Max Keiser: It’s a horse chase appropriate now. My accompany at Exante in Malta were aboriginal and now abundant of the industry is affective there. I think Malta or maybe Puerto Rico could win the award-winning as the best abode to do crypto biz.
Bitcoinist: Your BTC amount anticipation by the end of 2024?
Max Keiser: My only Bitcoin anticipation is that the amount will top $100,000. As far as timing, extrapolate from accepted trends and you get a faculty of when.
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