For many, bitcoin is nothing more than an investment to earn more money. And that is not bad at all. But most bitcoin maximists think that bitcoin can be much more and even has the potential to turn global power relationships upside down.
Max Keiser is a reporter for RT and he is one of these bitcoin maximalists. A few months ago we spoke with Max Keiser during the Baltic Honeybader 2019 in Riga. He already said that bitcoin can change the global economy. This was also the subject of his show yesterday, according to Keizer, bitcoin is recognized as a potential threat to the status quo of our planet.
How to destroy the dollar with bitcoin
In the latest edition of his Keiser Report, the presenter, together with co-host Stacy Herbert, discussed the growing trend towards “de-dollarization” of the entire world. We wrote earlier about efforts by Russia, China and Europe to build their own digital currency, to become less dependent on the US currency.
Dollar has become too powerful
Keizer believes that countries are increasingly realizing how much power the US can exercise just because the dollar has to be used as a settlement. He explains how the US benefits if the dollar is used for international trade. He also emphasizes that the dollar is used to control the policies of other countries through economic sanctions.
He thinks that misuse of the dollar is seen as a far too aggressive means of pressure:
“Arming the dollar. The dollar is therefore a weapon and sanctions are an act of war. “
Bitcoin is an alternative to the American debt empire
More and more countries are looking for alternatives to the dollar in order to get out of the dominance of the US and its dollar. According to him, one of the alternatives is bitcoin. He draws a comparison with gold by stating that you can avoid the American debt empire with bitcoin just like with gold.
America feels hot breath
Political leaders increasingly feel that cryptocurrencies such as bitcoin can be a threat to the global status quo. Many American politicians have already commented on this. They naturally want the dominance of the dollar to be preserved. One of the most outspoken opponents of crypto is Congressman Brad Sherman:
“Whether cryptocurrency does not work, investors lose a lot of money. Whether crypto succeeds, and poses a threat to the dollar as the only global reserve currency. ”
Keizer reacts somewhat cynically to this by saying that Sherman at least understands how powerful the dollar is.
You cannot invent bitcoin
The presenter also emphasizes one of the best features of bitcoin. Namely, blockchain ensures self-regulation and no third party is needed to confirm the final statement. He thinks that bitcoin can have just as great an impact on the world as gunpowder.
“You cannot invent gunpowder. Bitcoin has the whole idea of what money has changed and you can’t invent this either. “
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