Max Keiser Believes That G7 Countries Will Start Bitcoin Mining.

Recently, Max Keiser was interviewed by Stansberry Research.The American broadcaster predicts that there will be a hashrate war between G7 countries mining Bitcoin. He compared it with the space race between the United States and the Soviet Union that kicked off when the latter launched the Sputnik 1 satellite into earth orbit in 1957:

“I think once a country in the G7 starts to accumulate and mine Bitcoin, it will set off like a space race.”

Keiser said that such a scenario is a “one hundred percent guaranteed certainty.”

In last year, El Salvador announced that it would develop a Bitcoin city at the base of the Conchaga volcano, whose geothermal energy will be used for mining. 

Keiser said that other countries will not let El Salvador grow its mining industry unchallenged.

The Bitcoin hashrate recently staged a V-shaped recovery to new all-time highs after dropping due to turmoil in Kazakhstan.    

Keiser claimed that China’s decision to ban Bitcoin mining was “really stupid.”

Keiser also said that the drawdown is not particularly worrisome, sticking to his $220,000 Bitcoin price prediction. 

He is highly critical of trading stating, that he doesn’t know a single technical analyst billionaire: “I’d rather be a day early than a day late.”

Keiser believes Bitcoin to surge against the U.S. dollar and accused the US government of masking inflation numbers.