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Why does Max Keiser thinks that Americans with less than 20 BTC are not gonna make it?

Bitcoin bull investor and businessman Max Keiser put a gloomy warning for Americans regarding upcoming inflationary situations. 

On 20th March, Bloomberg Opinion Piece posted on Twitter a tweet showcasing the risky class who are earning less than approx $300K per year. Bitcoin bull Max Keiser along with Bloomberg’s recent prediction put his comment in the form of a warning stating that those who are having less than 29 bitcoin are not gonna make it. The warnings and comments came at a time when there are talks about financial situations and a tightening economy in upcoming times. 

The Bloomberg opinion piece stated that Americans at the level do not spend more than 1% of their total take-home salary on oil and gas, citing the Bureau of Labor Statistics. The average weekly wage for US workers in 2021 was around $989 totals for $51,428 when annualized. That calculation means that most Americans are mostly below the calculated value by Bloomberg. But as Max Keiser puts it, is Bitcoin actually a way out?

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Although with the prediction and calculations, Bloomberg also posted some tips on taking out the inflation sting. No doubt that money printing rapidly when combined with remarkably low interest rates in a very long time and a breakdown of the global supply chain together have contributed to the recent highest spike in forty years in the cost of living. Current situations of hyperinflation were usually seen as associated problems with irresponsible developing nations. But it seems like things have changed and for now, similar situations seem to be made and being faced by developed countries too and out of them, only a handful could face them as only they are prepared for it.

According to Bloomberg, budget control is a crucial factor when it comes to dealing with such issues. They suggest using public transport rather than driving and shifting from meat to eating lentils and beans. However, per their opinion, the most challenging and shocking piece of advice they give is to let a sick pet die instead of taking him for treatment.

ALSO READ: Cardano (ADA) close to overtaking Ethereum’s L2 network

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Andrew Smith
Andrew Smith
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing