Countries With Less Investment in Gold Might Face Financial Crisis If Not Welcome Bitcoin

Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • The popular TV personality and Bitcoin enthusiast Max Keiser recently moved on Twitter praising Bitcoin.
  • He warned against some countries on his official twitter page that country like the United Kingdom that has very little gold or the countries with no gold.
  • However, he further pointed out countries like Iran and Venezuela as the “First Movers” to get trillions as they have adopted bitcoin.

The popular personality and Bitcoin enthusiast Max Keiser recently moved on Twitter praising Bitcoin. In his tweet, he mentioned bitcoin is key for countries with Less investment in gold to fight against the Financial crisis.

Countries will find a fatal existential financial crisis

He warned against some countries on his official twitter page that country like the United kingdom that has very little gold or the countries with no gold such as Canada. Also, those countries that have not planned to participate in Bitcoin Global Hash War will find a fatal existential financial crisis.

However, he further pointed out countries like Iran and Venezuela as the “First Movers.” These countries get trillions in the future as they have adopted the prime coin at present.

Due to the global pandemic crisis, an increase in the adoption of cryptocurrencies found in certain countries. It has surged the demand of cryptocurrency in Venezuela and Iran. However, in Venezuela, Petro (PTR) has notified an important milestone as a first regulated national cryptocurrency.

On the other side, Iran has adopted PayMon, built on the Stellar blockchain protocol. Its main feature was to offer cross border payments. With this move, several countries have shown their interest in PayMon as a mode to establish business relations with Iran.

Bitcoin is the only successful way for Americans

Recently, Keiser, in his latest edition of RT show Keiser Report discussed the present socioeconomic situation of the US. He stated that Bitcoin is the only successful way for the US people to engage themselves, and protests do not work.

According to him, money neither constrained by any central authority nor ready to degrade by a central bank. Bitcoin is the most agreeable approach to exit the punitive fiat system.

Keiser is an ardent Bitcoin supporter and finds bitcoin market dominance, and the hash rate will reach 99 percent over the next five years.

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