Wall Street veteran Max Keizer believes that the printing of money and the depreciation of the dollar are accelerating Bitcoin’s growth.
In a new release of his Keizer Report, the longtime Bitcoin supporter noted that further US regulatory action will continue to add to the argument for BTC, which has a maximum supply of 21 million coins.
“The reason for the rapid growth of bitcoin is that America is hyperinflationary. So far, politicians see one solution – to print more money. This means that bitcoin is a more advanced instrument that does not require additional emission. “
Kaiser pointed to the 2008 financial crisis as the beginning of the spiral that created and continues to fuel Bitcoin’s rise.
The expert believes that the parabolic rise of a digital asset can bring BTC worth $ 2 million.
“They’ll just keep typing. And you know, since the moment of purchase, my first bitcoin has grown by 9,000,000%. It will probably grow 40 times more. “
Regarding Tesla’s $ 1.5 billion investment in bitcoin last month, Kaiser noted that this is tantamount to electric car maker CEO Elon Musk starting a war with the Federal Reserve.
“Yes, this is Elon Musk’s speculative attack on the Fed. He has already gone to war with the SEC and showed that they are corrupt and engaged. Now he went to war with the Federal Reserve and said he was not going to buy back his own shares; I will buy bitcoins like Michael Sailor does. And now 500 other CEOs from the S&P 500 are saying, “You know what? It’s a damn good idea. “
In less than six months, Tesla has made more money on its investment than it ever did in its entire car-selling business. ”