Max Keiser: US Hash Rate War With Iran Can Send Bitcoin Price to $500K
The â€œMona Lisa of the 21st centuryâ€� will come of age as Trump competes with Maduro and Ayatollah Khomeini for Bitcoin hash rate, Keiser says.
Bitcoin (BTC) will hit $500,000 because the United States will start a giant hash war with Iran and Venezuela â€” and itâ€™s already started.
In the latest episode of his Keiser Report TV show, Max Keiser predicted that the Iranian and Venezuelan regimes would force the Trump administration to embrace BTC.
Keiser: God is looking at us through the Bitcoin protocol
Thanks to Tehran potentially controlling 3% of the Bitcoin hash rate already, and Venezuela â€” briefly â€” accepting BTC payments, the U.S. joining the fight for Bitcoin supremacy is only a matter of time.
â€œIran has already got 3% of global hash rate, so now I think Venezuela will get 3-5% pretty quickly,â€� Keiser said.
â€œAnd then at some point America will say, â€˜Weâ€™ve got to enter the 21st century space race of mining Bitcoin,â€™ and then theyâ€™ll try to seek 20% of the hash rate, and then security goes up dramatically, and the price goes to $400,000, $500,000.â€�
For Keiser, repeating previous arguments, Bitcoin represents the â€œreformation of free speechâ€� which governments deny citizens by controlling the currency, and therefore the entirety of their position within the state.
â€œBitcoin is the Mona Lisa of the 21st century: itâ€™s self-aware, it is observing us through the quantum mechanical aspects of technology, and itâ€™s channeling the eyes of God,â€� he continued.
â€œSo this is God looking at us through the protocol and trying to figure out, â€˜How do we fix this human species because theyâ€™ve gone way off track due to central banking?â€™â€�
â€œUncensorable, unconfiscatable, indestructible wealthâ€�
The current situation on macro markets versus the suffering of many Americans, exemplified in the Black Lives Matter protests, speaks to Keiserâ€™s point.
Anger with the government, and the dilution of the US dollar, contrasts with stock markets seeing their best quarter since 2011. At the same time, the Federal Reserve has taken ownership of huge chunks of the equity markets, equal to 30% of US GDP.
Last week, Keiser appealed to protesters to abandon their mode of retaliation and simply buy Bitcoin instead.
â€œThe truth is if you want individual sovereignty, if you want justice, if you want uncensorable, unconfiscatable, indestructible wealth, thereâ€™s only one way to go â€” and thatâ€™s Bitcoin.â€�
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