Max Keiser, President Salvador in Cryptocurrencies, said that Bitcoin, if he reaches $ 200,000, would destroy the traditional financial system full imperfections.

Kaiser in Twita explained his point of view: Bitcoin trading at the level of $ 100,000 is already causing a “split” in the world. Now the first cryptocurrency is approaching $ 110,000, preparing to overcome the new historical maximum, so bull sentiments are returning to the crypto. After winning the election of US President Donald Trump, who praised cryptocurrencies, Bitcoin has already reached new records several times, attracting the attention of large corporations and encouraging many states to start discussing the creation of a strategic reserve of bitcoins.

In recent months, the number of public companies owning bitcoins has increased significantly, as well as the influx of funds to the Sports Exchange Funds (ETF) on BTC. This indicates the desire of large investors to enter the cryptocurrency market, the adviser to the Salvador president is sure.

When the first cryptocurrency reaches new, even more record marks, fiat currencies will suffer great damage, Kaiser believes. When Bitcoin begins to bargain at $ 200,000, central banks and governments will begin to panic, since more than 500 million people will become financially independent. They will abandon the centralized financial system for the decentralized economy of Bitcoin, the presidential adviser suggested.

According to his forecast, when Bitcoin reaches $ 300,000, everything will become even more difficult for the financial market – the US dollar will be completely exhausted. This will lead to the fact that bitcoin will be evaluated not by fiat money, but with gold.

Recently, Kaiser spoke out against the Ethereum blockchain, calling it a “failure project”, which will not help any network improvements. Earlier, this maximalist of Bitcoin denied the fears according to which ETF Bitcoin affects the decentralization of the first cryptocurrency.