Max Keiser Says failing financial system creating room for Bitcoin adoption

The spate of growth in the cryptocurrency space lately has given all and sundry the opportunities to have another look at Bitcoin and some other cryptocurrencies. People are looking at the problems they face while using archaic financial system owing to the fact that they are regulated and do not have anything tangible to withstand the 21st century demand of customers.

Crypto maximalist and analyst Max Keiser, who has been reiterating that Bitcoin will reach $100,000 has again issued another forecast, basing his argument on the wavering future of the archaic financial modalities.

The crypto investor, who dropped his funds into Bitcoin when it was around $1, is saying Dollar is being threatened by Bitcoin.

He said BTC is heading to its all-time high and the reason behind his $100,000 prediction is that countries, the financial system, commercial and Central Banks and even governments are falling apart, thereby increasing the adoption of Bitcoin.

Speaking during a fireside chat at the consensus 2019 with BlockTV, Max revisited the statement of US Congressman Brad Sherman who claimed the US Dollar is being threatened by Bitcoin, saying the US congressman is advertising Bitcoin.

Read: Keiser, Who Started Holding Bitcoin at $1 in 2011, Sees BTC Going To $100,000

“Any country in the world that want to hit America’s single point of vulnerability – the US Dollar… buys Bitcoin,” he said.

With big firms and countries buying Bitcoin, Keiser is of the opinion that the “the US Dollar is over” and “US Empire is finished”.

Where is Bitcoin Headed in the Next Few Month?

When asked where Bitcoin is headed in the next few month, Keiser said it is not favourable to predict the short term value of Bitcoin.

Keiser who put on a cap with inscription the “CSWIAF” which translates to “Craigs Wright is a fraud”, said the world needs more liquidity at the moment.

To show his displeasure towards dollars, Keiser tears a $50 note saying “we need more liquidity”