Max Keiser Questions Michael Saylor’s Stablecoin Plan

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You can also read this news on BH NEWS: Max Keiser Questions Michael Saylor’s Stablecoin Plan Max Keiser, a well-known figure in the cryptocurrency space, has raised concerns over Michael Saylor’s ...

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Max Keiser, a well-known figure in the cryptocurrency space, has raised concerns over Michael Saylor’s ambitious suggestion to develop a $10 trillion Bitcoin-based stablecoin in the U.S. Keiser believes this proposal is impractical, pointing to the restrictive nature of current dollar policies. He labeled the USD a “proof-of-stake shitcoin,” asserting that its value is derived from control rather than from transparency or neutrality.Keiser contrasted the principles governing the U.S. dollar with Bitcoin‘s decentralized nature. He cited El Salvador’s adoption of Bitcoin as a benchmark for a peaceful transition to a more open financial system, emphasizing the country’s commitment to augmenting its Bitcoin reserves as a bold move towards transparency.Keiser criticizes the practicality of Saylor’s stablecoin proposal.Continue Reading:  Max Keiser Questions Michael Saylor’s Stablecoin Plan","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","BK4588":"碎股","GPRO":"GoPro","BK4601":"加密货币现货ETF"},"translate_title":"Max Keiser质疑Michael Saylor的稳定币计划","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GPRO":1},"content_text":"You can also read this news on BH NEWS: Max Keiser Questions Michael Saylor’s Stablecoin Plan\nMax Keiser, a well-known figure in the cryptocurrency space, has raised concerns over Michael Saylor’s ambitious suggestion to develop a $10 trillion Bitcoin-based stablecoin in the U.S. Keiser believes this proposal is impractical, pointing to the restrictive nature of current dollar policies. He labeled the USD a “proof-of-stake shitcoin,” asserting that its value is derived from control rather than from transparency or neutrality.\nWhat Are the Risks of Centralized Control?\nKeiser contrasted the principles governing the U.S. dollar with Bitcoin‘s decentralized nature. He cited El Salvador’s adoption of Bitcoin as a benchmark for a peaceful transition to a more open financial system, emphasizing the country’s commitment to augmenting its Bitcoin reserves as a bold move towards transparency.\nCould El Salvador Pave the Way for Others?\nUnder President Bukele, El Salvador is set to increase its Bitcoin holdings by acquiring an additional 20,000 BTC soon. This strategy signifies a shift in the nation’s economic outlook, showcasing Bitcoin’s potential role in fostering a more equitable financial environment.\nKeiser cautioned that the introduction of a Bitcoin-backed stablecoin might destabilize the USD and diminish U.S. influence globally. Conversely, nations like El Salvador that embrace Bitcoin could lead to a more inclusive financial landscape.\n\nKeiser criticizes the practicality of Saylor’s stablecoin proposal.\nHe highlights the risks of centralized monetary control.\nEl Salvador’s strategy could influence other countries’ approaches to Bitcoin.\n\nSaylor advocates for U.S. banks to create their own stablecoins to bolster the dollar’s presence in the digital sector. He views the divestment of U.S. gold reserves to acquire Bitcoin as a calculated maneuver to strengthen economic positioning.\nContinue Reading:  Max Keiser Questions Michael Saylor’s Stablecoin Plan","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493522671"}