🔥 TOP STORY
Ethereum Price Predicted to Climb in the Long Run as Buterin Explains Need for Higher Coin Values
Ethereum Price Predicted to Climb in the Long Run as Buterin Explains Need for Higher Coin Values

Bitcoin News - Vive la Bitcoin: Max Keiser Suggests French Protesters Could Bring Down Government with Crypto

  • Alex Morris
    📰 News

    Bitcoin as the official currency of the Sixth French Republic? The idea is not far-fetched if Bitcoin gives people sovereignty from banks

Vive la Bitcoin: Max Keiser Suggests French Protesters Could Bring Down Government with Crypto
You may also like:
Contents

France’s ‘yellow vest’ protesters keep occupying the streets of Paris as well as the pages of major newspapers around the globe. A TV personality and Bitcoin evangelist, Max Keiser, took to Twitter to explain how Bitcoin, the world’s largest cryptocurrency, could help the cause.

Understanding the current French crisis

The French working class rebellion has been on everyone’s lips for weeks. What started as a protest against increasing the fuel tax now is more reminiscent of a full-fledged revolution. Even after the government backtracked on its initial proposal, the protests didn’t fade away. In hindsight, it becomes clear that the protest was not only about the mounting frustration with fuel prices — it is a major anti-government uprising of the French middle-class.

👉MUST READ French Artists Organize “Rendezvous” Between Art and Cryptocurrencies on Cusp of Bitcoin’s Tenth Anniversary

Fighting the government with crypto

Max Keiser, a financial expert who is known as a huge proponent of cryptocurrencies, suggests that Bitcoin could actually solve the current crisis. Earlier today, he took to Twitter to make a controversial statement about bringing down the country’s banking system by converting all cash to Bitcoin. Keiser goes as far as suggesting that Bitcoin could potentially become the official currency of their 5th Republique.

He further explains that if indignant protestors start converting fiat currency into crypto en masse, it will trigger a major bull run with 20 percent of it being withdrawn. Subsequently, it will trigger another major bull run.

Rebel, rebel!  

Bitcoin, with its anarchist roots, has always been involved in different political causes. As U.Today reported back in August, British far-right activist Tommy Robinson received a substantial amount of cryptocurrency donations while imprisoned.

Although, a study revealed that anarchists and libertarians are not the only political forces that are waging a war against centralized banks. In fact, liberals and conservatives represent 48 percent of all poll participants.

cryptocurrency

Join our Telegram channel to get news even faster!
👓 Recommended articles
something-wide
something-wide

Bitcoin News - This Is Why Bitcoin Price Will Surge Higher This Year

  • Thomas Hughes
    📈 Price Predictions

    💸✅Cryptocurrency traders, investors, and HODLer’s will be happy to learn that Bitcoin will surge higher this year📈

This Is Why Bitcoin Price Will Surge Higher This Year
You may also like:

Cryptocurrency traders, investors, and HODLer’s will be happy to learn that Bitcoin will surge higher this year. The world’s reserve cryptocurrency and the leading digital token has been undergoing a period of recuperation that will soon be complete.

👉MUST READ Bitcoin to Hit $5,000 by May 2019, Analysts Predict, Despite Trading Volumes Faked by Exchanges

Last year, uncertain regulation, the so-called Fork Wars, and lack of awareness all played a role in the sharp sell-off and bear-market that has lingered into the current year. Now, many of the issues weighing on the market are disappearing or about to disappear and that is setting up conditions for a massive bull market.

BTC Price Prediction chart by TradingView

BTC/USD chart by TradingView

Fundstrat’s Tom Lee, one of the most prominent and outspoken BTC bulls, says macroeconomic trends are going to underpin the rally he thinks will start before the end of the year. He cites last year’s surging dollar and global market uncertainty as headwinds now gone. In his view, the technical picture is promising but it is the fundamental story that will drive value long-term.

The most important factor for Bitcoins value for Lee is the fact that it, and blockchain, are becoming useful. Banks like JP Morgan, Mizuho Bank, and Santander are all using blockchain while non-financials like Facebook and sovereign nations like Venezuela are also flocking to the technology. This is causing a shift of awareness that will spill into the retail sector and that in turn will further increase BTCs utility and emergence as a stand-alone asset class.

👉MUST READ Could Bitcoin Come Crashing Down? — The Mystery of Satoshi’s Kill Switch

Ironically, Lee says global turmoil is helping Bitcoin’s adoption. Venezuela is only one example where uncertain economic times, skyrocketing inflation, and mismanaged government are pushing people to the blockchain. Bottom line, Bitcoin is going to move higher, a retest of the all-time high (in my opinion) is all but certain.

The Six-Month Bitcoin Forecast You Need to Know Now

Bitcoin has been wallowing near long-term lows for several months now. In recent weeks the coin has begun showing bullish activity that is the first signs of movement in what will become a massive bull market. The near-term outlook is not quite as rosy, the token may continue to move sideways inside its range until one of a few things happens.

BTC/USD chart by TradingView

BTC/USD chart by TradingView

The first possibility is the U.S. government will finally adopt cryptocurrency regulation and/or allow the listing of a BTC based ETF. The next thing that may happen is an advancement in blockchain technology that may include but is not limited to enhancing BTC’s transaction speed and the much-needed and long-awaited upgrade of the Ethereum network; either could spark a massive rally in the entire market.

The final scenario, and possibly more likely, is that the market will slowly return to BTC. Investor confidence was sorely shaken last year, it is taking time for it to heal. Eventually, the market will build to a boiling point and spark a rebound in prices.

Subscribe to the official U.Today Telegram channel. Get news first!
👓 Recommended articles
something-wide
something-wide