$BTC Max Keiser: Bitcoin will break the financial system and deplete the dollar

Keiser explained his point of view in a tweet: Bitcoin, trading at $100,000, is already causing a "split" in the world. Now the first cryptocurrency is approaching $110,000, preparing to overcome a new historical maximum, so bullish sentiments are returning to the crypto market. After the victory in the US presidential elections of Donald Trump, who praised cryptocurrencies, Bitcoin has already reached new records several times, attracting the attention of major corporations and prompting many countries to begin discussions on creating a strategic reserve of Bitcoins.

In recent months, the number of public companies owning Bitcoins has significantly increased, as has the influx of funds into spot exchange-traded funds (ETFs) on BTC. This indicates the desire of large investors to enter the crypto market, believes an advisor to the Salvadoran president.

When the first cryptocurrency reaches new, even more record levels, fiat currencies will suffer great damage, Keiser believes. When Bitcoin starts trading at $200,000, central banks and governments will begin to panic, as more than 500 million people will become financially independent.