icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Max Keiser: What if bitcoin is not the bubble, but the pin?

Max Keiser: What if bitcoin is not the bubble, but the pin?
Keiser Report looks at the Washington Post editorial on whether Fed chairman Jerome Powell and Treasury Secretary Janet Yellen will do something about bitcoin revealing the flaw of money printing.

“What did Christine Lagarde mean when she said that bitcoin is offering an escape valve?” asks Max Keiser. “So, what if Elon Musk is escaping these negative interest rates, the zero percent interest rates by buying bitcoin.”

He explains that “capital will always go to where it gets the best return, that’s a law of nature.”

According to Max, “What we had in the last 25 years or so, was collusion on the global central bank level, who kept interest rates low and offered no competing rates anywhere else in the world.” But bitcoin came around and offered that escape valve. "What if bitcoin is not the bubble, but the pin?”

For more stories on economy & finance visit RT's business section

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.

Podcasts