Prominent Bitcoin advocate Max Keiser has characterized corporate Bitcoin treasury strategies, exemplified by MicroStrategy, as speculative attacks on the US dollar system. Keiser asserts these moves leverage artificially low interest rates fueled by central bank policies including quantitative easing and yield curve control.
Keiser forecasts a potential bond market implosion with interest rates possibly exceeding 50%, predicting this will catalyze a global transition toward a Bitcoin standard while ending the US dollar’s viability. He cites El Salvador’s adoption of Bitcoin as legal tender as a pioneering model for navigating financial upheaval and reducing reliance on traditional fiat currencies.
Concurrently, a finalized US-China trade deal awaits formal approval, easing geopolitical tensions and boosting cryptocurrency market confidence. The agreement includes provisions for China’s supply of rare earth minerals and establishes a 10% tariff rate.
Bitcoin’s price currently consolidates near $110,000, with technical analysis indicating potential upward momentum if it sustains closes above the $110,634 resistance level. This price action reflects market optimism driven by favorable inflation data and positive sentiment surrounding the trade agreement.