Tether, BRICS, El Salvador and other elements will take Bitcoin above USD $200,000, says Max Keizer – DiarioBitcoin

For Keizer, the problems facing the dollar are added to the plans for the launch of BRICS. All this makes Bitcoin an excellent reserve of value that is increasingly attractive and scarce, appearing as an alternative to the North American currency.

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• Keiser believes that Bitcoin could exceed USD $200,000
• He bases his reading on the problems facing the US dollar and the possible launch of BRICS
• Tether is doing a very good job and is minimizing its dollar reserves
• El Salvador plans to continue increasing its reserves Bitcoin, which further legitimizes the digital currency
• Consider that as the dollar loses ground, more and more companies and states will want to manage reserves Bitcoin

The controversial journalist, investor and enthusiast Bitcoin, Max Keizer, consider that the adoption of Tether (USDT), El Salvador’s plans and other macroeconomic aspects are going to have a very positive effect on the price of Bitcoin, anticipating that this could exceed USD $200,000 per unit if its estimates are met.

US dollar has everything against it

Keiser’s reading came to fruition in an interview conducted by the media CryptoPotato, where the journalist presented some readings on the current macroeconomic panorama, placing special emphasis on the problems facing the US dollar on several fronts.

First of all, the initiative stood out BRICS, with which an increasing number of countries are considering launching a digital currency backed by gold reserves later this year. This alliance has the support of China and Russia, nations that are trying to abandon the dollar as a reserve currency and strengthen bilateral agreements based on other currencies.

According to Keiser, as opposed to BRICS, the dollar is “dying in a debt trap of his own creation”, since the state depends a lot on the printing of USD to be able to finance itself, but it will lead to an increase in inflation rates. He assures that it will be too late when the US launches its digital dollar, since it will not be able to compete against this adversary backed by a growing alliance of countries.

Tether it is also leaving aside the dollar

In addition to what has already been stated, Keiser highlighted the influence that Tether in this process, since the management company of the main stablecoin on the market is also reducing its dollar holdings in favor of other assets as a reserve.

In this regard, Keizer indicated that Tether It is acting on two fronts. In the first she would be exchanging her dollars for bonds of the US Treasury. through the signature Cantor Fitzgerald, and on the other hand it uses these profits to increase its reserves Bitcoin, especially because bank interest rates are resulting in higher income for the company.

The journalist highlighted that this movement translates ““in a fatal cycle for the dollar that cannot be stopped,” especially because it is an example that other very reputable entities are following, as is the case of MicroStrategy with its strategy mainly focused on Bitcoin, although the latter must respond to its shareholders based on commercial results.

Tether, El Salvador and the price of Bitcoin

As Keiser highlights, hand in hand with Tether We also have the government of El Salvador, which has plans to continue increasing its Bitcoin holdings and cement itself as a friendly state with the main digital currency.

Let us keep in mind that El Salvador is currently carrying out quite ambitious plans based on Bitcoin. For example, we intend to launch bonds based on the main digital currency at some point this year; the possibility of granting citizenships faster to those who make donations in the main digital currency; and the recent announcement that the country has already mined more than 470 BTC with energy from volcanoes.

For the journalist it is clear that Tether, MicroStrategy and El Salvador will set the tone to follow for many other entities, which will begin to invest in Bitcoin as a reserve asset. This in turn will translate into greater demand in the face of an increasingly reduced supply, which will significantly impact its price, raising it above USD $200,000 per unit.

Let’s take into account that Keiser has not been the only enthusiast who anticipates an increase in the price of Bitcoin for these reasons, since personalities such as Robert Kiyosaki, Cathie Wood, Michael Saylor and many others also defend that the main digital currency could be heading towards new all-time highs, especially due to the financial crisis that the US could face if not correct ongoing financial measures.

Meanwhile, the price of Bitcoin It is trading at the time of publication at around USD $68,482 per unit, which translates into an increase of 2.78% in the last 24 hours amid strong volatility.

Article by Angel Di Matteo / DailyBitcoin

Picture of DailyBitcoin, under free use license

WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.