.maxkeiser is certain that a G7 country will start mining Bitcoin
predicts that a G7 country mining Bitcoin will kickstart a new hashrate war, which he compares to the space race between the United States and the Soviet Union that kicked off when the latter launched the Sputnik 1 satellite into earth orbit in 1957:
I think once a country in the G7 starts to accumulate and mine Bitcoin, it will set off like a space race., the smallest nation in Central America, announced that it would build a Bitcoin city at the base of the Conchaga volcano whose geothermal energy will be used for mining. The Bitcoin hashrate recently staged a V-shaped recovery to new all-time highs after dropping due to turmoil in Kazakhstan.
Keiser says that the drawdown is not “particularly worrisome, sticking to his $220,000 Bitcoin price prediction. The pundit was highly critical of trading, claiming that he doesn’t know a single technical analyst billionaire:He went on to describe technical analysis as “astrology for men.”Keiser expects Bitcoin to go up to infinity against the U.S. dollar.
Speaking of the U.S. Federal Reserve’s tapering, Keiser, a long-time critic of the central bank, said that it was impossible to taper “a Ponzi scheme”:
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