Max Keizer Explains How Tether and El Salvador Will Send Bitcoin (BTC) Price to $220,000

American broadcaster and Bitcoin advocate Max Keizer believes that stablecoin issuer Tether and El Salvador, as well as the fall of the United States dollar (USD), will bring the price of BTC to $220,000 in no time .

In a tweet on Saturday, Keizer said that the USD is doomed because inflation will “face more,” while that happens, BTC will be on its way to $220,000.

USD is “F****d”

In comments sent to CryptoPotato, Keizer explained that Tether’s stablecoin business is strengthening Bitcoin and weakening the USD, forcing the US government to keep raising interest rates.

According to the Bitcoin bull, all BRICS countries, including China and Russia, have understood that the United States is dying in a debt trap, possibly leading to hyperinflation in dollar printing. As a result, China and Russia are ditching the USD as the world’s reserve currency and making bilateral deals.

Worse, the BRICS will launch a new gold-backed digital currency later this year, putting “the final nail” on the dollar and the North Atlantic Treaty Organization (NATO).

As the BRICS continue their fight against the US, US financial services firm Cantor Fitzgerald and Tether have an ongoing speculative attack against the dollar, Keizer added. Unfortunately, the attack would hasten the fiat currency’s demise.

Tether’s role in The Dollar’s Demise

Millions of crypto users exchange fiat money for Tether (USDT), and the stablecoin company in turn exchanges the fiat for US Treasuries at Cantor, using the interest paid by the company to buy more BTC. With US rates rising, Tether’s profits are rising, as are the company’s BTC purchases.

“It’s a USD doom loop that can’t be stopped,” Keiser said.

In addition to Tether, Michael Saylor’s business intelligence firm MicroStrategy is part of the speculative attack, according to Keiser. The broadcaster said the difference between the two companies is that MicroStrategy has to “dilute shareholders with the serial issuance of preferreds”, while Tether does not need to pay any interest.

Over time, the pace of BTC purchases from various entities, including Tether, MicroStrategy and El Salvador, will explode, Keizer noted. Speaking about the first country to legalize BTC as legal tender, Keiser, who has had several meetings with the nation’s president, said:

“El Salvador is always looking to increase its bitcoin position, substantially.”

On the other hand, the dollar will implode and soon no market participants will accept fiat for BTC. Increased BTC purchases would increase the value of the asset to $220,000, he claimed.

When the US launches its central bank digital currency, it would be too late, as the BRICS currency will be the world’s reserve currency, Bitcoin will be the world’s reserve asset, and Tether will be the global replacement for the SWIFT network.

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