Popular crypto analyst and broadcaster Max Keiser, Michael Saylor’s US Bitcoin $96,907.4He criticized the proposal to create a $10 trillion stablecoin based on . Keizer stated that this idea was not feasible due to the restrictive policies of the US dollar. Describing USD as the “ultimate proof-of-stake shitcoin,” Keizer emphasized that the value of the dollar is based on control and exclusion rather than openness and neutrality.
Central Control and Limitations
Keizer compared the power-based foundation of the US dollar to the peaceful nature of Bitcoin. He cited El Salvador’s adoption of the Bitcoin standard under the leadership of President Nayib Bukele as an example of a peaceful financial revolution. El Salvador’s commitment to increase its Bitcoin reserves has been considered a pioneering step towards a more fair and transparent monetary system.
Max Keizer also discussed Michael Saylor’s plan to create a new US crypto asset framework. Saylor argued that US banks should reinforce the dollar’s dominance in the digital economy by issuing their own stablecoins. Saylor stated that the United States could create a multi-trillion-dollar global opportunity by exceeding current regulations.
El Salvador’s Bitcoin Strategy
El Salvador aims to expand its strategic reserves by increasing its commitment to Bitcoin. The country, which started purchasing Bitcoin under President Bukele, plans to accumulate another 20,000 BTC in the short term. This strategic move represents an effort to rewrite El Salvador’s economic course.
Keizer stated that the US creating a Bitcoin-backed stablecoin would lead to the collapse of the USD and the US losing its power over the world. In contrast, countries such as El Salvador adopting the Bitcoin standard paves the way for a more transparent and participatory financial system.
Michael Saylor, on the other hand, emphasizes that the USA should create a framework for digital assets under the Trump administration. Saylor suggests that the US could increase the dollar’s dominance in the digital economy by issuing its own stablecoins. He also argues that it is a strategic step for the US to buy Bitcoin by selling its gold reserves.
For years, US cryptocurrency policies and regulations have forced companies in the country to flee abroad.
The US’s steps in the cryptocurrency field may have important consequences for the rest of the world. In this context, the country’s digital asset strategies are closely followed.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
