The popular Keiser report which airs on RT.com is quite popular, enjoying audiences in the millions. Crypto enthusiasts will be glad to know that the mother of all crypto’s-Bitcoin- received a shout out from Keiser himself in a recent episode of the show.
Keiser revealed on the show that he will soon be speaking at an upcoming Bitcoin event. He then proceeded with his Bitcoin shout out, by explaining what people need to understand about the crypto-currency.
“Bitcoin is on its own journey and it has a way of making people who challenge it look really stupid. In the Bitcoin space, of course, you have Craig Wright, you had Roger Ver, you had Mike Hearn, these type of people who suffer from Bitcoin derangement syndrome. Now in the past couple years you’ve got Nouriel Roubini, Paul Krugman, and a few others that are in mainstream economics who are looking really stupid because they never took the time to investigate what Bitcoin is all about.”
Keiser said this in response to co-host Stacy Herbert’s comments, where she pointed out that Bitcoin had recently seen a surge in prices, which according to her was occasioned by a direct response to the federal reserve’s stance on rate hikes.
Keiser went on to detail his positive outlook for Bitcoin by stating that he believed a “state actor” would soon be mining Bitcoin for “strategic reserve purposes”. He also believes that a lot of countries will soon compete for hash power in an effort to take control of the Bitcoin network.
“The hash wars will be played out on a state level and that’s what will take us to new all-time highs.” He said.
Keiser’s view is somewhat radical from a crypto perspective, one would ask; if the majority of hashpower is controlled by state actors, would the people who’ve secured the Bitcoin network for so long want anything to do with it?
A big problem if Keiser’s assertions were to come true would be the threat to the Bitcoin network’s consensus rule. A big part of the pull towards crypto-currency is its sovereignty from government control. If Kaiser’s assertions are true, then it is quite possible that countries would move with speed to seize majority hashrate inorder to gain control of the Bitcoin network.
Ignoring the fact that Keiser’s predictions for the future would totally turn the crypto-sphere upside down, he has a very positive outlook on future Bitcoin prices. He still holds on to his belief that Bitcoin will soon be worth $100,000 per coin.
Keiser is a well-known crypto bull, so his opinions on the likes of Paul Krugman, and Nouriel Roubini are totally understandable. His assertions on possible future state control of hashrates terrifies many in the crypto-sphere though. This is because interest in crypto would collapse were governments to seize control of them .
Image courtesy of twitter.com
