dailyhodl.com
Wall Street veteran and Bitcoin firebrand Max Keiser says BTC is rescuing investors from the destruction of value due to the excess printing of money.
In a new Cambridge House International interview, Keiser says he believes an avalanche of fiat currency primed to enter the financial system in the US and abroad will cause unavoidable damage to the global economy.
“There’s a Niagra Falls of cash that’s coming into the system and you’re in a barrel and you’re heading for the edge of the falls. You get to the point where we are now in America, where the barrel has now gone over the edge and it’s now falling down Niagra Falls and it’s going to head for the rocks.
So the question is: what could stop the barrel from falling and hitting the rocks below? The answer isn’t absolutely zero because, for example, a flash freeze might happen and freeze Niagra falls and stop the barrel. A helicopter could come and you can extricate yourself from that barrel and you could avoid death. What is the probability of that? I would say it’s not absolute zero but it’s close.”
Keiser says investors have one option to exit the collapsing monetary system and protect their wealth – and that’s by jumping into Bitcoin.
“We’ve got Bitcoin which is now on a parabolic move – people escaping the blazing fire that is the fiat money bonfire of nuts running the system. What is the probability of that changing and going in reverse? I would say if it’s not absolute zero because you never know…but it’s as close to zero…”
The host of RT’s Keiser Report says Bitcoin is offering the highest potential for growth that he has witnessed throughout his four-decade career in Wall Street.
With Bitcoin, I say there is no top because when it comes to the dollar, there is no bottom. And also you’re going on 300 years of history. No fiat money has ever survived, right. They’ve all gone to zero or lost 99.9 percent of their purchasing power.
I’ve never seen a more lopsided one-sided bet in the 40 years that I’ve been involved in Wall Street – investing in technology, startups, as a CEO and I’ve done everything in this business you could possibly imagine. I’ve never seen a more lopsided upside bias than I have with Bitcoin.”
Featured Image: Shutterstock/Ahmed Muntasir