American broadcaster and Wall Street veteran Max Keiser believes that the dollar’s depreciation is fuelling Bitcoin’s growth. Keiser aired his opinion on the US dollar and how it affects BTC in a new episode of RT’s Keiser Report.
According to the veteran, regulations by the US government would accidentally push the price of Bitcoin forward.
“The reason why Bitcoin is skyrocketing is because there’s hyperinflation in America. And the US dollar is in a hyperinflationary collapse against Bitcoin. And the solution, as we’ve 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.”
Keiser, who has always been bullish on Bitcoin, also mentioned that the 2008 financial crisis had fuelled Bitcoin increases in past years. With Bitcoin’s continuous gains, Keiser said that the king coin could eventually reach $2 million.
Keiser is a long-time Bitcoin investor. He revealed that his Bitcoin investment has grown by 9,000,000% since he purchased it. Bullish about BTC, the veteran is optimistic that his investment would “go up another 40x.”
In addition, Keiser commented on Tesla’s $1.5 billion Bitcoin investment. He said the investment shows that the company’s CEO Elon Musk is going to war with the Federal Reserve.
Image Credits: Pixabay
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