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The U.S. hash rate war with Iran could drop the price of Bitcoin to $ 500,000

June 30, 2020

The price of Bitcoin (BTC) will reach $ 500,000 as the United States will start and has already started a huge hash war with Iran and Venezuela.

In the last episode of his television show Keizer Report Max Keizer predicted that the Iranian and Venezuelan regimes would force the Trump administration to introduce BTC.

Keizer: God is watching us through the Bitcoin protocol

With Tehran already able to control 3% of the bitcoin hash rate and Venezuela – in short – accepting BTC payments, it is only a matter of time before the US joins the fight for Bitcoin’s supremacy.

The U.S. hash rate war with Iran could drop the price of Bitcoin to $ 500,000The U.S. hash rate war with Iran could drop the price of Bitcoin to $ 500,000

“Iran already has 3% of the global hash rate, so I think Venezuela will now reach 3-5% pretty quickly.”Keizer said.

“And then at some point the United States will say, ‘We have to get into the 21st century bitcoin space race,’ and then they’ll try to look for 20% of the hash rate, and then security will increase dramatically, and the price goes to USD 400,000, USD 500,000. “

For Keizer, who repeats earlier arguments, Bitcoin represents the “freedom of expression reform” that governments deny to citizens by controlling the currency, and thus its entire position within the state.

“Bitcoin is the 21st century Mona Lisa: it is confident, observes us through the quantum mechanical aspects of technology, and channels the eyes of God,” he continued.

“So this is God looking at us through a log and trying to figure out how we can fix this human species because they got lost because of the central bank.”

“Uncensable, unmistakable, indestructible wealth”

The current situation on the macro markets in the face of the suffering of many Americans, as expressed in the protests against Black Lives Matter, confirms Keiser’s argument.

The anger against the government and the dilution of the US dollar are in contrast to the stock markets, which had their best quarter since 2011. At the same time, the Federal Reserve has taken over large parts of the stock markets, which corresponds to 30% of the stock markets US GDP

Last week, Keizer urged protesters to give up their retaliation mode and simply buy Bitcoin.

He summarized:

“The truth is, if you want individual sovereignty, if you want justice, if you want uncensored, distinctive, and indestructible wealth, there’s only one way, and that’s Bitcoin.”