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October 2, 2022
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“Bitcoin’s parabolic rally helps investors escape the collapse of the monetary system,” says Max Keizer

Max Keizer is famous in the cryptocurrency for being a Bitcoin maximalist

Former Wall Street trader and popular cryptocurrency strategist Max Keizer has revealed that he believes that Bitcoin’s parabolic recovery is helping investors escape a collapsing monetary system that is leading to the destruction of the value of fiat currencies due to quantitative relief and other stimulus measures.

In an interview with Cambridge House International, first noticed by the Daily Hodl, Keizer said he saw an avalanche of fiat money being printed and entering the financial system, causing damage to the global economy.

He compared the current situation for fiat money holders as a “Niagara Falls of money entering the system”, and fiduciary users are “in a barrel and heading to the edge of the falls”. In his words, the barrel has crossed the edge and is falling, going to the rocks.

Keizer noted that it is possible to prevent the barrel from falling, suggesting that nothing is impossible by pointing to the possibility of an instant freeze of the falls or helicopter rescue, where the chance “is not absolute zero, but is close.”

The strategist added that investors still have the option of breaking out of the monetary system and protecting their wealth, and suggested that Bitcoin and the cryptocurrency space represent that option. He said:

“We have Bitcoin that is now in a parabolic movement – people escaping the blazing fire that is the bonfire of fiat money that runs the system.”

The probability of reversing the course, he added, “is not absolutely zero because you never know, but it is close to zero.” Keizer added that BTC has the greatest growth potential that he has seen over his four-decade career on Wall Street.

In his words, the price of Bitcoin has no top because the US dollar has no bottom. Going back 300 years in history, he noted that “no fiat currency has ever survived”, with all currencies falling to zero or losing most of their purchasing power.

Last month, as reported, Keizer predicted that the price of Bitcoin will reach $ 200,000 this year, due to the continuation of its big rise so far. The target price, he said, would cause Bitcoin’s market capitalization to reach $ 4 trillion.

Source: CryptoGlobe

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