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US Hash Rate War With Iran Can Send Bitcoin Price to $500K

US Hash Rate War With Iran Can Send Bitcoin Price to $500K

Bitcoin (BTC) will hit $500,000 as a result of america will begin a large hash battle with Iran and Venezuela — and it’s already began.

Within the newest episode of his Keiser Report TV present, Max Keiser predicted that the Iranian and Venezuelan regimes would pressure the Trump administration to embrace BTC.

Keiser: God is taking a look at us by means of the Bitcoin protocol

Because of Tehran probably controlling 3% of the Bitcoin hash fee already, and Venezuela — briefly — accepting BTC funds, the U.S. becoming a member of the battle for Bitcoin supremacy is barely a matter of time.

“Iran has already bought 3% of worldwide hash fee, so now I believe Venezuela will get 3-5% fairly rapidly,” Keiser stated.

“After which sooner or later America will say, ‘We’ve bought to enter the 21st century area race of mining Bitcoin,’ after which they’ll attempt to search 20% of the hash fee, after which safety goes up dramatically, and the worth goes to $400,000, $500,000.”

For Keiser, repeating earlier arguments, Bitcoin represents the “reformation of free speech” which governments deny residents by controlling the forex, and due to this fact everything of their place throughout the state.

“Bitcoin is the Mona Lisa of the 21st century: it’s self-aware, it’s observing us by means of the quantum mechanical elements of know-how, and it’s channeling the eyes of God,” he continued.

“So that is God taking a look at us by means of the protocol and attempting to determine, ‘How will we repair this human species as a result of they’ve gone means off monitor because of central banking?’”

“Uncensorable, unconfiscatable, indestructible wealth”

The present state of affairs on macro markets versus the struggling of many People, exemplified within the Black Lives Matter protests, speaks to Keiser’s level.

Anger with the federal government, and the dilution of the US greenback, contrasts with inventory markets seeing their greatest quarter since 2011. On the identical time, the Federal Reserve has taken possession of giant chunks of the fairness markets, equal to 30% of US GDP.

Final week, Keiser appealed to protesters to desert their mode of retaliation and easily purchase Bitcoin as a substitute.

He summarized:

“The reality is if you would like particular person sovereignty, if you would like justice, if you would like uncensorable, unconfiscatable, indestructible wealth, there’s just one option to go — and that’s Bitcoin.”

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