"It's really terrible the words given by this strong supporter of BTC, I hope it will be."
Max Keiser, broadcaster and staunch supporter of the currency crypto Bitcoin (BTC) really believes stablecoin issuer Tether (USDT) as well as El Salvador including the decline of the United States (US) dollar will push BTC to reach $220,000 in a short time.
Kaiser explained further, USDT stablecoin business is in the process of strengthening BTC then weakening the US dollar which has to force his government to continue raising interest rates.
Realizing that the US is stuck in a debt it created that may lead to hyperinflation, the BRICS union including China and Russia not only ditched the US dollar as the world's reserve currency but launched a new gold-backed digital currency later this year.
The string, millions of crypto users have exchanged fiat currency on USDT then stablecoin firm exchange fiat for US treasuries at Cantor who use interest is paid where they can buy more BTC.
Besides USDT, MicroStrategy founded by Michael Saylor is part of the speculative attack follow-up the firm does not need to liquidate shareholders through serial issuance of preferreds while USDT does not have to pay any interest, commented Keizer.
He added that the rate of BTC purchases from several entities including USDT, MicroStrategy and El Salvador will increase significantly as the first country to legalize BTC as legal tender is always looking to increase BTC holdings.
There is no denying that the US will launch its own Central Bank Digital Currency (CBDC), but they are too late to follow up The BRICS currency will be the world reserve currency while BTC is the world reserve asset and USDT is the global replacement for the SWIFT network.
