Max Keizer said that several countries could soon be competing to mine and accumulate Bitcoin. He noted that world citizens are hedging against inflation, while Central banks are issuing fiat money unlimitedly.

American journalist, filmmaker, and former stockbroker Max Keizer is a faithful bitcoiner and Bitcoin evangelist. He recently expressed his support for the government of Nayib Bukele for having adopted Bitcoin as legal tender.

In that sense, Keizer predicted that several governments would compete to mine and accumulate Bitcoin in the not too distant future. He also mentioned the issue of money printing and the inflation that affects many world citizens.

He highlighted the advantages that people find when they use the pioneering cryptocurrency. He noted that Bitcoin prioritizes anonymity and interactions without the need for trust or permission from third parties. Likewise, he said that this new type of money allows operating outside the government for the first time in history.

Kaizer Thinks Governments Ban Bitcoin out of Fear

The cryptocurrency investor also stressed that governments fear the mass adoption of Bitcoin since citizens see it as an alternative to inflation. For that reason, he considers that a lot of pressure will arise to ban the use of the cryptocurrency. Despite that, he was very carefree since states will become increasingly interested in the crypto asset to expand their treasuries.

He also predicted that Bitcoin could take over the role as the new world currency in the future. He highlighted that it does not require any permits and is resistant to censorship, making an accounting unit.

World Citizens Use Bitcoin to Flee Inflation

Kaizer pointed out that world citizens are fleeing inflation, seeking shelter in Bitcoin, while Central Banks seem to issue fiat money endlessly. He explained that money printing is the basis for the pyramid scam that causes the hyperinflationary collapse of fiat currencies. In that sense, he highlighted that the pioneering cryptocurrency has a limited supply and is fully decentralized.

He also believes that Russia could start mining Bitcoin, and the United States could follow in its footsteps. He stated that the North American country would not let the Eurasian nation become rich on its own.

For that reason, the Bitcoin evangelist congratulated the President of El Salvador, Nayib Bukele, for the approval of the Bitcoin Law. Besides, he predicted that the Central American country would experience exponential economic development not seen before in its history within three years.

Keizer Sees Fiat Money as an Empty Illusion

Keizer tore a US dollar banknote while arguing that Bitcoin will replace the North American national currency. He commented that fiat money is an empty illusion and that hatred and war weapons support the economy of the US dollar.

In addition, he said that Bitcoin is volatile but ensures value in the long term.  The investor explained that the cryptocurrency has a mathematical guarantee that would increase its purchasing power over time. He also referred to the recent rise in the price of Bitcoin to USD 60,000 as a sign that the current inflationary scenario is about to collapse.

By Alexander Salazar

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