In a recent episode of the Keiser Report, controversial journalist Max Keiser spoke with Mark Valek, author of the report" In Gold We Trust". It turned out that Valek not only believes in gold, but also sees huge potential for the Bitcoin cryptocurrency. Max Keiser has been promoting Bitcoin for many years and believes that the cryptocurrency has great potential for growth, but also to play an important role in the global economy. On top of that, he himself created his own token, MaxCoin, 5 years ago, but it did not take off in the market. Despite this, Keiser continues to talk about digital currencies on his show. The New Deal: Bitcoin and Gold The aforementioned Valek said that he believes that a new economic order is about to emerge. "We have landed at a point where we are almost at the end of the road in terms of yields and interest rates. And central bankers now have a desire to change the system in a new way. We are at the threshold of this new paradigm (...)" - he notes. Gold and Bitcoin could play a hugely important role in this new paradigm: "People are starting to question the monetary system. [...] It is a mistake to neglect the technological progress that is happening with cryptocurrencies. Of course, gold is a physical metal while Bitcoin is a man-made system, but in terms of 'hard' money, Bitcoin is an even more powerful money than gold." He added that the strength of BTC today is the belief of young people in it. For some of them, having a cryptocurrency in their investment portfolio is a sure rescue for the crisis that more and more experts expect. According to Valek, today, some people are even buying BTC already just because in a few decades when they retire, the digital currency can ensure their survival when the current system goes down in ruins. Altcoins Keiser himself is downright fanatical about the oldest cryptocurrency today, at times exaggerating his adoration. In August, he said he expects altcoins to collapse and BTC to completely dominate: Bitcoin's dominance [is] 68.2% - [going] towards 80% - as alts die in favor of BTC. The era of alts and forks [from] 2014-2017 is over. Don't be the last to convert alts to BTC." Tags bitcoin bitcoin vs. gold bitcoin adoption bitcoin gold Max Keiser Max Keiser gold bitcoin gold
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