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How bitcoin could reach $500,000 through the US hash rate war

 
How bitcoin could reach $500,000 through the US hash rate war
Breaking News / Bitcoin / BTCUSD
  • Max Keiser predicted that the Iranians and Venezuelan regimes would have a big impact on the Trump Administration and force them to accept bitcoin. 
  • From here, bitcoin would end up eating $500,000 and the US could spark a giant hash war with the two countries

In the latest episode of the Keiser report TV show, Max Keiser predicted that the Iranians and Venezuelan regimes would have a big impact on the Trump Administration and force them to accept bitcoin. From here, bitcoin would end up eating $500,000 and the US could spark a giant hash war with the two countries. In fact, he says that it’s already started.

The TV host further went on to say:

“Iran has already got 3% of global hash rate, so now I think Venezuela will get 3-5% pretty quickly… And then at some point America will say, ‘We’ve got to enter the 21st century space race of mining Bitcoin,’ and then they’ll try to seek 20% of the hash rate, and then security goes up dramatically, and the price goes to $400,000, $500,000.”

Keiser further went on to say that bitcoin represents the Reformation of free speech. This is something that, in his words, governments deny citizens by controlling the currency and therefore the entire being of which their position is within the state.

“Bitcoin is the Mona Lisa of the 21st century: it’s self-aware, it is observing us through the quantum mechanical aspects of technology, and it’s channeling the eyes of God. 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 gone way off track due to central banking?’”


It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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