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American broadcaster and Bitcoin proponent Max Keiser believes the stablecoin issuer Tether and El Salvador, as well as the declining United States dollar , will push BTC’s price to $220,000 in no distant time., Keiser said the USD is doomed because inflation will “sky harder,” while this happens, BTC will be well on its way to $220,000., Keiser explained that Tether’s stablecoin business is strengthening Bitcoin and weakening the USD, which forces the U.S.
According to the Bitcoin bull, every country in the BRICS union, including China and Russia, has understood that the United States is dying in a debt trap of its making, possibly leading to hyperinflation in the printing of USD. As a result, China and Russia areWorse still, BRICS is reportedly launching a new, gold-backed digital currency later this year, putting “the final nail” into the dollar and the North Atlantic Treaty Organization .
While BRICS continues its fight against the U.S., American financial services firm Cantor Fitzgerald and Tether have an ongoing speculative attack against the dollar, Keiser added. Unfortunately, the attack would hasten the demise of the fiat currency.Millions of crypto users swap fiat money for Tether , and the stablecoin company, in turn, swaps the fiat for U.S. treasuries at Cantor, using the interest paid by the firm to buy more BTC. With the increasing rates in the U.S.
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