The leading global cryptocurrencyâs parabolic surge is already off the USâ money printing chart, but unlike fiat money, itâs going to keep rising. RTâs Keiser Report hosts, Max Keiser and Stacy Herbert, explain why.
The millions of investors betting on bitcoin, including big guns such as Paul Tudor Jones and BlackRock, donât have to fear their investment being extinguished by financialization, unlike the gold and bond âvigilantes,â Max said in the latest episode of the show. Thatâs why their investment is increasing in value, he believes.Â
âI predict that, very soon, youâll start to see headlines in Bloomberg, the New York Times, the Wall Street Journal that say, âUS dollar is down today because of bitcoin going up,ââ he said, as he explained why the power of central banks is waning. âOnce that connection is made… youâre gonna see a crack up in the bitcoin price and the total collapse in the dollar price.â
Precious-metals analyst Craig Hemke joined the show and predicted that the greenback, which finished 2020 in decline against major currencies, would drop further this year. According to his forecast, it could âeasily fall another 10 percentâ in 2021. That might boost a rally in silver and other commodities in turn, he added.
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Originally posted on https://www.rt.com/business/512072-us-dollar-demise-bitcoin/?utm_source=rss&