Bitcoin is Converting Geopolitics as Gunpowder done, says Crypto Analyst

For its first advocates, Bitcoin represents much more than an investment vehicle. For its most enthusiastic supporters, cryptocurrency has the potential to completely close the global balance of power.

One of its most vocal advocates over the years is RT's Max Keizer. The presenter believes that Bitcoin has recognized by some at the top of the system as a potential threat to the planet's existing power structure.

Max Keizer: Brad Sherman teaches the world "How to destroy Dollars" with Bitcoin

In the latest edition of the RT's Keizer Report segment, the host, along with her co-host Stacy Herbert, discussed the growing trend of "de-dollarisation" around the world. News has previously reported on efforts by Russia, China, and Europe to reduce their dependence on the United States' national currency for world trade.

Keizer believes that countries are beginning to realize control that the U.S. can exercise in other countries as your own currency is preferred for final settlement. It describes how the United States benefits from the dollars used for international trade. It also exposes how the global dominance of the dollar allows the United States to control other countries' policies through economic sanctions Allows to do.

The presenter believes that using dollar dominance to punish countries is an act of aggression:

"Dollar weapon. Therefore, it is dollar as a weapon and the ban is a function of war."

He said that nations are tired of the dominance of the United States and are trying to get away from the dollar. According to him one option is bitcoin. Similar to gold, but easier to use, the presenter believes that cryptocurrency will allow nations to bypass the "limit of United States debt".

Keizer argues that political leaders have begun to notice the danger that cryptocurrency like bitcoin poses to the current balance of power around the world. The United States is clearly clear about its desire to maintain control of the dollar as to what benefits it makes. At a recent Congressional hearing on Libra on Facebook, Congressman Brad Sherman said:

"Cryptocurrency does not work, in which case investors lose a lot of money, or perhaps achieve their goals and displace the US dollar or interfere with the US dollar. Which is practically the only reserve currency in the world is."

In the context of a previous quote, Kaiser remarks that at least Brad Sherman is intelligent enough to recognize that Bitcoin is a threat to the hegemony of the US dollar and, by extension, the privileged global position of the United States. The presenter jokingly says:

"Someone should tell Brad to shut up. He is giving recipe books to foreign powers, how to destroy the dollar. "

In another part of the interview, Keizer describes how suitable Bitcoin is for the final settlement of transactions. Rather trust institutions. typically in the US , to monitor the eventual liquidation of gold, oil or fiat currency. Bitcoin is unique in the sense that it is "self-established". When comparing the invention of Bitcoin with gunpowder, Keizer states that cryptocurrency will alter geopolitical power structures distributed in the same way as firearms did:

"You can't invent ammo". Bitcoin has changed the whole perception of what money is and you cannot help it. "