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Max Keiser, a former financial journalist and commentator, who is currently a Bitcoin advisor to El Salvador’s president Nayib Bukele, has shared that Bitcoin has seen the first fiat currency crashing to zero against it over the past five years.
Turkish lira crashes against Bitcoin
That currency was the Turkish lira, and Keiser retweeted the X post of another user with a screenshot of a chart to demonstrate it. Keiser made his frequent statement, “Everything goes to zero against Bitcoin,” but this time he added: “The Turkish Lira just got there faster.”
Unlike fiat currencies, Bitcoin is hard-capped at 21,000,000 coins, and the majority of them (more than 19 million) have been mined out of cyberspace already. Scarcity is one of the features that makes Bitcoin unique and puts it above altcoins, which Keiser prefers to call “s-coins.”
Meanwhile, Bitcoin has managed to reclaim the $107,000 price level, adding roughly 2.26%, and jumping from the $105,430 zone. Cryptocurrency analyst and trader Ali Martinez tweeted earlier today that BTC had managed to break above the important resistance level at $106,900.
The trader now expects Bitcoin to reach $108,300 or even soar above $110,000.
Keiser stresses importance of upcoming one million BTC block
Earlier today, Max Keiser published a tweet, stating that the “block 1,000,000 will reveal the truth!”
As of June 8, Bitcoin miners have generated 900,394 blocks on the Bitcoin network, so the one millionth block is coming quite soon. What Keiser meant here was metaphorical, and most likely he expects the leading global cryptocurrency to expand its impact around the world after that important milestone is in the rearview.
U.Today Editorial Team
Dan Burgin
