BITCOIN CRUSHING US DOLLAR & THEY CANT DO NOTHING STOP IT
" I think we are seeing fiat currencies in a hyper inflationary collapse against bitcoin," he said , adding that well see a major price correction some where at the 25,000 per bitcoin level. " Up until that price is achieved it looks like well see a pretty strong upward move." On Monday , the digital currency smashed another all- time high , trading above $9,700 on growing signs of mainstream adoption by institutional investors.
According to Keiser , there is a huge market for other crypto currencies , but bitcoin has entrenched network that is now growing exponentially. It is beyond the reach of any competition, of any nation - state and any cooperation to defeat it , the host Keiser Report said. " Bitcoin is a perfect currency, something that is utterly changing the global finance market and its putting banksters and the central banks out of business," which, according to keiser . "should be applauded because theyve been horribly bad actors. We need to get rid of them and let bitcoin transform our world." He also suggested an interesting scenario that bitcoin could become "something of a financial black hole" and all cash that is currently invested in stocks and bonds is moved over into bitcoin . That will lead to a stock and bond market crash, or both , as " we see the price of bitcoin move into the 25,00 range." " Thats something that no central bank or country will be able to stop, and it`s becoming a real scenario, a real threat." Talking about bitcoin mining, the energy required for that is quite significant as it costs around $2,000 to create a single bitcoin and therefore giving it real intrinsic value .
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