đ° BlockFi: Up To $250 Bitcoin Bonus: https://blockfi.com/cryptonewsalerts
Wall Street veteran Max Keiser says money printing and dollar debasement is boosting the rise of Bitcoin.
Keiser, who is an early BTC investor, says the digital assetâs parabolic ascent could ultimately take the Bitcoin price to about the $2 million mark.
In a new edition of RTâs Keiser Report, the longtime Bitcoin bull says he expects actions from US regulators to continue to inadvertently make the case for BTC, which has a hard supply cap of 21 million coins.
âThe reason why Bitcoin is skyrocketing is because thereâs hyperinflation in America. And the US dollar is in a hyperinflationary collapse against Bitcoin. And the solution, as weâve been describing by these policymakers, will always be to print more money. So that means that Bitcoin is on a one-way trip higher because they have no other policy solution than to print money.â
He points to the 2008 financial crisis as the start of a spiral that brought forth and continues to fuel Bitcoinâs ascent.
âTheyâre just going to keep printing. And well, you know, my Bitcoin is up 9,000,000% since I first bought it. And itâs probably going to go up another 40x.â
On Teslaâs $1.5 billion investment in Bitcoin last month, Keiser says it amounts to the electric carmakerâs CEO Elon Musk going to war with the Federal Reserve.
âThis is a speculative attack that Elon Musk is making on the Fed, right. So heâs already gone to war with the SEC. Heâs already gone to war with the SEC (U.S. Securities and Exchange Commission) and heâs shown them to be venal and captured. Now heâs gone to war with the Federal Reserve, and says Iâm not going to buy back my own stock; Iâm going to take your cheap money, Iâm going to buy Bitcoin like Michael Saylor is doing. And now 500 other CEOs in the S&P 500 are like, âYou know what? Thatâs a darn good idea.ââ
Theyâve made more on their Tesla investment in less than six months than theyâve ever made in the entirety on their business of selling cars.â
In other trending Bitcoin News today:
Bitcoin Accelerates Toward $1T Market Cap As BTC Price Hits New All-Time High
Bitcoin (BTC) hit yet another all-time high on Feb. 19 as the largest cryptocurrency set its sights on becoming a trillion-dollar asset.
Holding $50,000 support over the past two days, Bitcoin was primed for further gains in the short term, analysts believed, with one area in particular capturing hodlersâ imagination.
At around $53,600, Bitcoinâs total market cap will pass $1 trillion for the first time in history.
âIt is simple. In the old world your money loses value, because governments debase currencies to fund their warfare & welfare state,â quant analyst PlanB summarized on Friday.
âIn the new world bitcoin increases in value, because math caps the monetary base at 21M BTC. The new world is eating the old world right now.â
Cryptocurrency investment giant Grayscale has added another $87 million to its Bitcoin Trust (GBTC), data confirms.
According to data from on-chain monitoring service Bybt, Feb. 19 saw a 1,672 BTC top-up of Grayscaleâs flagship fund, which now contains a total of just over $34 billion.
With the latest buys, Grayscaleâs total assets under management (AUM) passed $40 billion for the first time. Second to Bitcoin is the firmâs Ethereum Trust, which contains almost $6 billion of ETH.
đ„ Daily Letter: http://letter.cryptonewsalerts.netââââââ
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș http://ledger.cryptonewsalerts.net
DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
Iâm raising my short term #BTC price target from $65K to $77K based on growing supply-shock issues â as coins are removed from exchanges
My 2021 target of $220,000 remains pic.twitter.com/y1SKIYQW53
â Max Keiser (@maxkeiser) February 17, 2021
It is simple. In the old world your money loses value, because governments debase currencies to fund their warfare & welfare state. In the new world #bitcoin increases in value, because math caps the monetary base at 21M BTC. The new world is eating the old world right now. pic.twitter.com/yuTQ0SrdI7
â PlanB (@100trillionUSD) February 19, 2021