Max Keiser critiques Michael Saylor's $10 trillion Bitcoin-backed stablecoin idea
@maxkeiser: Keiser critiques Saylor's Bitcoin idea
Max Keiser has expressed skepticism regarding Michael Saylor's proposal for a new U.S. stablecoin.
Keiser stated that the U.S. government's restrictive nature in regulating the usage of the dollar makes the introduction of a $10 trillion stablecoin backed by Bitcoin improbable. He emphasized that the USD acts as the 'ultimate proof-of-stake shitcoin' and doubted the government's willingness to 'open-source' its currency protocols.
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In the previous news, Max Keiser discussed El Salvador's innovative approach to resource management, using their Bitcoin reserves to potentially reduce gold mining costs to near zero. This strategy highlights the evolving financial opportunities Bitcoin presents for national economies.
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