Wall Street veteran and owner of the Keiser Report, Max Keizer, told why he was not thrilled with the fall in Bitcoin prices, why he was not interested in ICO, and why Bitcoin outlive people, Bitcoinist writes.
Bitcoinist : Since our previous interview in April, bitcoin has dropped quite a bit in price, the pre-2018 year ends with a bad result. What is the reason for this fall?
Bitcoin protocol is something brilliant, the more you realize it, the more clarity you achieve. From this position I will answer your questions.
The price of Bitcoin ahead of itself, and now we are seeing a typical pullback. When in 2011 I started buying BTC at a price of $ 1, then I saw a lot of corrections.
Bitcoinist : Many predict a protracted “cryptozyme”, similar to the one that was in 2014-2016. The previous one lasted two years, does the current situation have any differences?
The long-term chart looks optimistic. She is still bullish.
Bitcoinist : Is it right to talk about the end of the ICO? Or will they turn into STO and will comply with the SEC rules?
As I said during my show, ICOs are securities and fall under SEC jurisdiction. As a former Wall Street broker, I just didn’t get into it.
When people ask me whether the SEC should regulate ICO, or they say that the SEC "does not understand this issue," I laugh. I've already seen it all in my 30 year career. Human nature does not change. Rapid enrichment makes people lose their mind.
Bitcoinist : Why do you think Bitcoin has recently correlated with the stock market?
Good question. I think that the market perceives Bitcoin as a risky asset, so it moves in unison with the shares. At some point it will become clear that it should be perceived as gold and cash. When the market realizes this, capital will begin to flow into Bitcoin.
Bitcoinist : In September, the Fed raised interest rates by 25 basis points, the highest since April 2008. In your show you have said many times that "Ponzi schemes are not holding back." Are we facing another financial crisis in this regard?
The financial crisis never ended. The number of zombie banks and zombie corporations has increased, they hide behind federal funds and use accounting tricks.
Social indicators (in the US), such as infant mortality and life expectancy, continue to deteriorate. The collapse of the 2008 licensed financial institutions continues to disorient our economy and society, but not the people working for CNBC, CNN, MSNBC, etc. That is why the truth will never be told.
Bitcoinist : How do you think, how will the course of bitcoin behave in a crisis similar to 2008?
The long-term trend remains intact and will continue to move upwards.
Bitcoinist : What do you think about the growing volume of Venezuela on LocalBitcoins ? Why is bitcoin beneficial for Venezuelans?
Bolivar, Bitcoin and gold faced powerful opposition. Using the US dollar exclusively to evaluate the effectiveness of BTC is short-sighted, it is misleading. Think about it on a global scale.
Bitcoinist : Can national cryptocurrencies, for example, Petro compete with Bitcoin?
No, they are too centralized.
Bitcoinist : Which threat is most serious for bitcoin?
Bitcoin is a monetary black hole that will absorb Fiat, the price will rise to $ 100,000 and more. But people are unlikely to live to see this day.
I believe more in the BTC than in the people who survive the ecological holocaust, which is caused by our own stupidity.
Bitcoin will be used by our descendants, robots. Ironically, their prices are of little concern.
