Max Keiser Starts #DropFiat, akins Bitcoin Being the Defense to the US Dollar as a Weapon
Max Keiser, a famous Bitcoin maximalist and investor who also hosts The Keiser Report, has recently talked about Bitcoin and its relationship with fiat currencies such as the U.S. dollar (USD). According to him, more and more nations are trying to move away from their dependence on the USD and Bitcoin can act as a solution in these cases.
The investor has recently talked about the efforts of several nations to de-dollarise their economies, which has created a demand for non-dollar means of international trade, being cryptocurrencies some of the best choices available. With its fiat currency, the U.S. can impose economic sanctions, so the USD is often used as a weapon, in his opinion.
Keiser made the comparison when affirming that the country can impose sanctions as “acts of war” to achieve its own goals. Bitcoin can be the answer for the nations under attack as they could use it to escape them. He used some examples such as Iran and Russia to show how some countries could benefit from the population of BTC.
Despite the need to find alternatives to the dollar, he noted that some countries are interested in creating their own options instead of just adopting Bitcoin as a long-term solution.
In the near future, he believes, more countries will follow Venezuela and China’s footsteps and try to create their own cryptocurrencies. With their own digital assets, they can have more control over their own economies and reduce the impacts of the attacks made by the most powerful nation of the world.