Max Keiser: Bitcoin's Potential & Early Investment Insights | Exclusive Interview

Max Kaiser is a well-known American broadcaster and filmmaker. His previous experience includes anchoring an analysis program called On The Edge and producing a TV series on the Al-Jazeera English network.

Currently, he’s the host of his own widely-popular financial program called the Keiser Report. Apart from his TV and online appearances, Keiser is also a long-time Bitcoin and cryptocurrency proponent.

CryptoPotato recently had the chance to interview Keiser, where he said that his first Bitcoin purchase was in 2011 and compared the asset to one of the most famous artworks in the world – The Mona Lisa.

Nature Fights Back Against Humans

Talking about the current US and global economic situation, and more specifically, COVID-19’s role in it, Keiser said that the virus is “nature fighting back against the virus of humans.”

He used the personification of the Earth from the Greek Mythology – Gaia – to add to his point, but concluded that he doesn’t “think ultimately she’ll win against the human virus.”

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As reported recently, Nasdaq marked a new all-time high merely months after the March lows, while the S&P 500 and the Dow Jones have almost fully recovered. Keiser commented on these developments in the stock markets, saying that such gains could be attributed to the decreasing trust in the US dollar:

Bitcoin Is The Mona Lisa Of Money

Keiser said that he heard about Bitcoin in 2011 and started accumulating at $1 at the time. Keiser noted that BTC’s digital scarcity attracted him the most, as he “invented digital scarcity and commercial prediction markets in 1996. BTC does what my patent does, but with incredible elegance. It’s the Mona Lisa of money. It’s self-aware, it’s observing us, and it’s channeling God.”

In another recent interview, Keiser asserted that only “gold, silver, and Bitcoin can save you now,” referring to the current events in which world governments are printing a lot of fiat to ease the pain from the COVID-19 pandemic. Now, he doubled-down on his views, saying that “Bitcoin is a safe-haven asset that will rocket higher as fiat money collapses.”

Bitcoin Adoption Depends On Location

The popular host sees the adoption of the primary cryptocurrency to vary in different countries, depending on their confidence in fiat currencies.

Unlike numerous other popular figures making bold predictions whether Bitcoin will drop to $0 or will reach $1 million, Keiser refrained from such provocative forecasts.

Instead, he noted that BTC’s price movements will depend on “when the USD disintegrates like a cheap suit. What we know about all hyperinflationary currency collapses is that it happens suddenly. So, if you want to survive, start stacking. If you’re already stacking, stack more.”

Crypto Projects Taking PPP Should Be Left To Die

According to the US Small Business Administration (SBA), several blockchain and cryptocurrency-related businesses have received loans from the Paycheck Protection Program (PPP). Although Keiser is a seed investor in one of these projects, he lashed out against their actions to accept the funds:

Featured Image Courtesy Of Yahoo