Bitcoin (BTC) will reach $ 500,000 because the United States will start a massive hash war with Iran and Venezuela – and it's already started.
In the last episode of his Imperial Report TV show, Max Keizer predicted that Iranian and Venezuelan regimes would force the Trump administration to embrace BTC.
Thanks to Tehran, who may already be managing 3% of the Bitcoin hash rate and accepting Venezuela – in short – BTC payments, it is only a matter of time before the US joins the battle for Bitcoin's supremacy.
"Iran has already hit 3% of the global hash rate, so now I think Venezuela will get 3-5% pretty soon," said Keizer.
"And then at some point America will say, 'We have to enter the 21st century space mining Bitcoin mining', and then they will try to find 20% of the hash rate, and then the security is going up dramatically, and the price is going to $ 400,000, $ 500,000. & # 39;
For Keizer, who echoes previous arguments, Bitcoin represents the "reform of free speech" that governments are denying citizens by controlling the currency, and thus their full position within the state.
"Bitcoin is the Mona Lisa of the 21st century: it is self-aware, it observes us through the quantum mechanical aspects of technology and it channels the eyes of God," he continued.
"So this is God looking at us through the protocol and trying to figure out: 'How do we fix this human species because they've gotten way off track by central banking?'
The current situation in macro markets versus the suffering of many Americans, as illustrated by the Black Lives Matter protests, appeals to Keizer & # 39; s point.
Anger at the government and the dilution of the US dollar is in sharp contrast to the best quarterly equity markets since 2011. At the same time, the Federal Reserve has taken ownership of huge swathes of the equity markets, equal to 30% of US GDP.
Last week, Keizer called on protesters to abandon retaliation and simply buy Bitcoin instead.
"The truth is, if you want individual sovereignty, if you want justice, if you want uncensored, unconfessible, indestructible wealth, there's only one way to go – and that's Bitcoin."