Max Keiser Says The 300-Year Fiat Experiment Is Over As Bitcoin Soars | US Crypto News
Welcome to the US Crypto News Morning Briefing—your important rundown of an important developments in crypto for the day forward.
Grab a espresso as a result of, as international markets watch the US authorities shutdown in disbelief, Bitcoin is doing the alternative. To longtime Bitcoin advocate Max Keiser, this second isn’t random. It’s future.
Crypto News of the Day: Max Keiser Addresses the Shutdown, the Bitcoin Price Surge, and the Sound of Fiat Crumbling
As the US authorities stays shut down amid one other funds impasse, Bitcoin surged to a contemporary all-time high, as reported in a latest US Crypto News publication. After topping out at $126,199, the pioneer crypto retracted and was buying and selling for $121,960 as of this writing.
Despite the pullback, long-time Bitcoin advocate Max Keiser says the timing of Bitcoin’s continued present of energy couldn’t be extra becoming. He calls it “poetic justice” that Bitcoin thrives exactly when fiat governance falters.
Keiser, a veteran broadcaster and early Bitcoin investor, has spent greater than a decade warning that the collapse of centralized financial programs is just not a matter of if however when.
In an unique change with BeInCrypto, he framed the shutdown as a symbolic second that confirms Bitcoin’s authentic mission and exposes the structural fragility of government-backed cash.
“The second the Genesis Block was mined on January 3, 2009, the destiny of the US greenback and all fiat cash was sealed…The 300-year experiment with central banks and fiat cash is over. It failed. You can’t print your method to prosperity,” Keiser mentioned.
For Keiser, Bitcoin’s latest rally is just not merely about worth motion; it’s about proof. He sees the shutdown, coupled with widening deficits and soaring debt service costs, as proof that the fiat period has run its course. The rise of decentralized, borderless cash is, in his view, not a rebel however a realignment of financial actuality.
He additionally pointed to tech big Jack Dorsey’s transfer to merge Cash App with Square as additional validation that traditional finance is nearing obsolescence.
“Jack Dorsey simply hammered one other nail into the dying banking system,” Keiser mentioned, suggesting that fintech integration and Bitcoin adoption are accelerating the ultimate part of fiat decay.
However, Keiser was blunt when requested about the future of stablecoins, saying that they could maintain the “USD” label lengthy after the greenback’s credibility fades.
“Stablecoins will nonetheless use the nomenclature of ‘USD’ even after the greenback dies — as a generic time period disconnected from the US Treasury and the unbacked paper nonsense plaguing the globe for many years,” he mentioned.
With Washington literally closed for business, Keiser’s says belief is migrating. If Bitcoin’s worth is, as he says, “the inverse of belief in governments,” then every political disaster might solely gasoline its ascent.
Chart of the Day
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Here’s a abstract of extra US crypto information to observe in the present day:
- State hackers are actually concentrating on crypto elite — Even CZ gets a Google alert.
- Four closely gathered BNB season tokens waiting to pump.
- Experts dismantle Standard Chartered’s $1 trillion stablecoin warning for rising markets.
- Ethereum slips below $4,500: Will the worth drop additional earlier than a rally?
- Three altcoins set to benefit from Polymarket’s hovering valuation.
- ZORA surges 77% after Robinhood listing: Can it reclaim its all-time high?
- Pi coin turns to number 13 for luck amid bullish sightings.
Crypto Equities Pre-Market Overview
| Company | At the Close of October 9 | Pre-Market Overview |
| Strategy (MSTR) | $320.29 | $322.95 (+0.83%) |
| Coinbase (COIN) | $387.00 | $388.65 (+0.43%) |
| Galaxy Digital Holdings (GLXY) | $42.22 | $43.05 (+1.97%) |
| MARA Holdings (MARA) | $20.20 | $20.63 (+2.08%) |
| Riot Platforms (RIOT) | $22.28 | $22.81 (+2.24%) |
| Core Scientific (CORZ) | $18.04 | $18.56 (+2.88%) |
The publish Max Keiser Says The 300-Year Fiat Experiment Is Over As Bitcoin Soars | US Crypto News appeared first on BeInCrypto.