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In a recent interview with Stansberry Research, US broadcaster Max Keizer predicts that a Bitcoin-mining G7 country will start a new hashrate war, which he likens to the space race between the US and the EU. which began when the latter launched Sputnik. 1 satellite in Earth orbit in 1957:
I think once a G7 country starts accumulating and mining bitcoin, it will kick off like a space race.
Keizer says such a scenario is “one hundred percent guaranteed certainty.”
Last year, El Salvador, the smallest country 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.
Other countries will not let El Salvador develop its mining industry unchallenged, says Keizer.
The Bitcoin hashrate recently staged a V-shaped recovery to new all-time highs after falling due to the unrest in Kazakhstan.
Keizer described China’s decision to ban Bitcoin mining as “really stupid.”
astrology for men
Keizer says the drawdown is not “particularly concerning, sticking to his Bitcoin price prediction of $220,000.
The expert was highly critical of trading, saying he didn’t know a single billionaire technical analyst:
I’d rather be a day early than a day late.
He went on to describe technical analysis as “astrology for men”.
Keizer expects Bitcoin to rise infinitely against the US dollar.
Speaking of the US Federal Reserve cut, Keiser, a longtime critic of the central bank, said it was impossible to cut “a Ponzi scheme”:
They will not decrease. They will print.
He also accused the government of hiding inflation figures.