Max Keiser, a recognized US broadcaster and Bitcoin supporter believes that the most popular digital asset will increase in popularity in 2019. In order for this to happen, financial trading platforms will start to grow and offer new services. He mentioned that a decentralized currency such as Bitcoin could eventually take its space.
Max Keiser Bullish About Bitcoin’s Future
Max Keiser has always been supporting Bitcoin (BTC) and the whole cryptocurrency market. This time, he believes that Bitcoin could be a replacement to the US dollar as a reserve currency for banks. In general, financial institutions relied on the value of the US dollar to run their operations.
In the future, there are some analysts that believe that the US dollar could lose this status as time passes. If there is a new virtual currency that attracts investors and financial institutions, it could eventually take the current place of the USD.
As digital assets have been in a bear trend during 2018, 2019 could become a very positive year for virtual currencies. Indeed, Bitcoin could recover part of the price it lost during the last months. Keiser also believes that the world is moving towards a new de-globalized economy that would be related to a weakened US dollar on trading and financial operations.
At the same time, Keiser said that the SWIFT bank payment system is controlled by several institutions in the United States. For example, the US can influence who uses SWIFT services or which country cannot.
Bitcoin seems to be a digital currency with great potential for the future. Indeed, the most popular digital asset could oppose central banks. Using blockchain technology, Bitcoin is able to run in a decentralized and independent way without being manipulated by central banks.
Furthermore, Keiser stated that due to the weak performance experienced by US stock markets, there are several investors that are moving towards the digital currency space. Indeed, there are some firms such as Fidelity Investments and the Intercontinental Exchange (ICE), that are building their own products and platforms to receive institutional and larger investors.
There are several individuals that think that Bitcoin could become the currency of the Internet. One of these individuals is Jack Dorsey, the CEO of Twitter. He said that the internet “will have a native currency.”
Currently, Bitcoin is being traded around $3,900 and it has a market valuation of $68.6 billion.