Bitcoin will absorb all Fiat will increase to 100 thousand. Interview with max Kaiser
Source:
Edition of Bitcoinist once again contacted the one and only , a veteran of wall street and leading program the Keiser Report. He explains why not upset from-for falling of Bitcoin prices, why not pay attention to the ICO, and how Bitcoin will outlive all of humanity.
theBitcoin monetary black hole
Since we last spoke in April, the dollar price of Bitcoin dipped noticeably, and in General in 2018 for him was bad enough. Why dropped the price?
The Bitcoin Protocol is brilliant and the more you understand, the greater clarity achieved. With this in mind, let me answer your question. The price of Bitcoin got too ahead of the event, and we saw a typical pullback. Since then, I started buying BTC in 2011 for $ 1, I've seen a few of these kickbacks.
Many predict a protracted "cryptozoa", as it was in the years 2014-2016. Do you think that this time it'll last a couple years or now all would be different?
The Long-term chart remains bullish signs. Keep in mind that my base price below $ 200 dollars.
are we Seeing the end of the ICO? Or they just turn into STO* and will conform to the standards of the SEC?
* STO (Security Token Offering – offer licenzirovanie securities)
We have not paid them any attention, because they are securities and subject to SEC regulation. As a former broker on wall street I have learned not to try to predict the actions of the SEC.
When fellow geeks give me their opinion on how the SEC should act and that the regulator "understands" something, I laugh. Over the thirty-year career, I've seen it all. Human nature does not change. the Rapid enrichment causes people to consider themselves protected from all.
Why it seems like Bitcoin recently tied to the behavior of the stock market and, in particular, shares of technology companies?
Good question. I think the market sees bitcoin as a "risky" asset, and therefore it moves in unison with the stock. Sooner or later the market will realize that Bitcoin is like gold and cash – "risk-free" asset. When we realize this, we see historical highs, as in Bitcoin will begin to invest those wishing to protect their capital.
In September raised interest rates by 25 basis points, and this was the biggest increase since April 2008. You have repeatedly said that "it is impossible to restrain the pyramid." Are we waiting for another financial crisis?
We are in financial crisis and not leave. The number of zombie banks and zombie corporations under the guise of money the fed and accounting tricks by the type of repurchase of shares for loans increased. Disorder and inefficient investments are steadily increasing.
In the United States demographic indicators – infant mortality and life expectancy continue to deteriorate. The consequences of the great financial crisis of 2008 continue to undermine the economy and society, but not for the guys from , CNN, MSNBC, why not tell the truth.
How would behave Bitcoin, if today there is a situation like the crisis of 2008?
The Long-term trend is unchanged and will continue its upward path.
What do you think about the rapidly growing volumes of trading on LocalBitcoins in Venezuela? What Bitcoin useful for Venezuelans?
Unlike Bolivar, Bitcoin and gold have demonstrated the incredibly powerful upward movement. Only use the dollar to measure and influence BTC is short-sighted and wrong. You have to think globally.
Source: Bitcoinist
Unable to compete with the national Bitcoin "crypto-currencies" such as the Venezuelan "Petro"?
No. They are too centralized.
What do you think about so-called "war of Harrachov" Cash?
The Protocol rejected villains. This is the Bitcoin maximalism: understanding that only Bitcoin is able to create a world without Fiat currency, destroying everything that gets in his way.
What for you the main threat to Bitcoin?
Bitcoin monetary black hole that will consume all Fiat currency and it will rise above 100 thousand. But humanity can not catch.
I do believe in BTC, than that humanity will survive the ecological Holocaust that we have provoked its widespread stupidity. Maybe Bitcoin will only use those who came after us robots. The irony is that the price of them just will not excite.
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