THELOGICALINDIAN - After a aeon of absence RTs Max Keiser is aback and his annotation on the accepted accompaniment of the all-around abridgement is as bright as anytime The bitcoin balderdash additionally had some absorbing things to say about Chinas gold hoards and its new axial bankbacked cryptocurrency
Gold-Backed Cryptocurrency
In a Halloween actualization on Kitco News Keiser ashen no time in balustrade on the accepted repo bazaar situation. Another $100 billion in acting clamminess was injected into banking markets bygone according to the WSJ. The FED additionally bought $7.5 billion in Treasury bills with the absolute backing now at over $4 trillion.
Anchor Daniela Cambone bound confused the accountable on to bitcoin against gold advertence that a $10k advance in gold bristles years ago would accept fabricated $12,500 today, admitting the aforementioned bulk invested in BTC would crop $270,000 today.
Keiser connected acquainted that the signals from the US repo markets are advertence that a banking accident is looming and China could able-bodied accessible a allurement aperture on the dollar. He added that China is about to advertise that it has accumulated as abundant as 20,000 bags of gold.
He added that a additional affliction will be that China is about to barrage a gold-backed cryptocurrency with the ambition of antibacterial the greenback. Gold and bitcoin prices will abide to billow as the dollar collapses to aught like ‘every allotment of debris authorization afore it’.
Keiser accepted that he has been architecture his position affairs gold, argent and of advance bitcoin. He said that back currencies collapse bodies will consistently about-face to safe-haven assets such as adored metals and bitcoin.
Bitcoin Price Will Reach $100k
He added that bitcoin is a above anatomy of money than gold because a BTC transaction is additionally a adjustment which is not the case with authorization or gold. He additionally went a little medieval on Peter Schiff …
When asked about the anticipation Keiser maintained that BTC will go to $100k additional but could go alike college if the dollar ultimately collapses. Gold has additionally hit new highs afresh adjoin the Euro and will abide to grow.
Keiser grew added activated as the account went on advancing US regulators and senators who will ultimately get larboard abaft in the crypto race. China will booty over the all-around abridgement with its gold-backed cryptocurrency.
If China does barrage a gold-backed cryptocurrency it could be the end of the apple as we apperceive it for the accepted all-around assets bill which is accepting attenuated by the day.
Will bitcoin ability $100k as Keiser predicts? Add your thoughts on the account below.
Images via Shutterstock, Kitco News
