New Potential Bitcoin Mass Adoption Trigger Is Revealed
The mainstream adoption of Bitcoin and digital assets has been the main goal that the crypto industry set for a while.
There have been a lot of moves made in order to achieve this goal and they seem to continue.
New potential Bitcoin mass adoption trigger revealed
Max Keiser has recently said that he believes countries will seek refuge in Bitcoin as fiat currencies fail on a global scale.
The online publication the Daily Hodl brings up a new installment of Blockchain Interviews, where Keiser said that the gold market won’t be able to satisfy a surging appetite for safe-haven assets.
“You work through the numbers, and there’s just not that much [gold] around. If you needed to buy 300 tons of gold you’re not going to find it, not at the current price. It’s going to be like ‘Okay I’ll sell you 300 tonnes of gold but I’m going to sell it to you at $25,000 an ounce, you can have all you want at $25,000.’”
It’s been also revealed that he expected that the demand for scarce assets to grow and to push governments around the world to acknowledge the value of BTC.
“So then we need hard money. I think that’s where you’re going to see these central banks turn to Bitcoin and sovereign wealth funds. They’ll be like, ‘Well this Bitcoin this has been around now for 11-12 years. It’s 99.9% fail-proof and it’s got everything we want in hard money,” he said.
He continued and explained that countries would start accumulating BTC and mining it as well.
We recommend that you check out the video above in order to see all of his explanations about how he sees the future of BTC.
Other than this, today, the crypto market looks excellent, and the king coin is trading in the green.
At the moment of writing this article, BTC is priced at $10,734.63.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
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