Despite the “bearish” market last year, Max Kaiser, a leading television program, film director and well-known expert in the field of cryptocurrency , believes that Bitcoin will not only increase in price, but will also be widely distributed.
Kaiser believes that the year 2019 will be favorable for the crypto market, since digital assets will be able to realize their potential as an alternative means of remittance and value preservation, successfully competing in this role with traditional banks and financial institutions.
In addition to technical analysis, in its forecasts, Kaiser proceeds from the intrinsic value of Bitcoin and its potential impact on the global financial situation. In the first Kaiser program in the new year, his wife and co-host Stacy Herbert noted that, taking into account past experience, it can be assumed that past “failures” contributed to the formation of serious projects that will increase the value of Bitcoin in the future.
Kaiser and Herbert said that Germany is creating an alternative to the SWIFT system, intending to resist the "manipulation" of the world economy by the United States, which are free to deny access to the platform to any country that does not follow American policy.
According to Herbert, a possible replacement of SWIFT can undermine the hegemony of the dollar, and Bitcoin is a real alternative to such centralized systems as SWIFT; therefore, its potential is much greater than what the current price of this cryptocurrency reflects. Herber, in particular, said:
“SWIFT replacement will be the beginning of the end of US dollar hegemony. Bitcoin appeared in 2009, and it strengthens its position, despite the price decline. I have been working with cryptocurrency since 2011. In that year, the price fell by 94%, and in 2013, 2014, 2015, it fell somewhere by 88% – 91%. However, during periods of price slump, there was a massive creation: competitive companies appeared, the engineers of which were no longer distracted by price growth of 10%, 20% or 30%. ”
In the opinion of Max Kaiser, the Bitcoin device itself, its architecture, prevents political or financial manipulation. According to him, the stock of Bitcoin, which increases every 10 minutes, makes it a reliable and solid alternative for people who are disappointed in the traditional system.
As cryptocurrencies become more and more widespread, Bitcoin can become a new global reserve currency, says Kaiser:
“In the case of Bitcoin, there are three key indicators: price, hash rate and degree of difficulty. These three indicators, one may say, control the protocol, and the price is the least significant indicator. The hashrate and the level of complexity are also part of the protocol, but there is an indicator that never changes, namely: every 10 minutes, a new coin appears, which makes Bitcoin a world central bank with the most unshakable monetary policy in the world. ”
According to Kaiser, a steady stock of new bitcoin tokens is much more reliable and free from manipulation than the monetary policy pursued by banks. The journalist dreams of a world in which Bitcoin will be a tool for “dedollarization”:
Saifedin Ammus wrote a book titled Bitcoin Standard: A Decentralized Alternative to Central Banks. A very speaking name … (…) In the new, de-globalized, "dedollarized" world, Bitcoin will play the role of a reserve currency.
For objectivity's sake, we note that the former New York stock broker Max Kaiser is known for his anti-Americanism and the repeated predictions of the “collapse of the American dollar”, and the program, in the course of which he and his spouse made the statements quoted above, is aired by Russia Today. The Kremlin spends at least $ 3 million a month on the work of this media in America alone.
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