Iran and Venezuela Hash Rate War with US Can Shoot Bitcoin Price to $500K : Max Keiser

Due to global hash war, Bitcoin price will hit $4,00,000 to $5,00,000

Timothy Maxwell "Max" Keiser is an American broadcaster. He hosts Keiser Report, a financial program broadcast on the media channel RT that features heterodox economics theories. Until November 2012, Keiser anchored On the Edge, a program of news and analysis hosted by Iran's Press TV.

Max Keiser predicted that the Iranian and Venezuelan governments would force the Trump administration to embrace BTC in the latest episode of his Keiser Report TV show.

Keiser said:

“Iran has already got 3% of the global hash rate, so now I think Venezuela will get 3-5% pretty quickly and then at some point America will say, ‘We’ve got to enter the 21st century space race of mining Bitcoin,’ and then they’ll try to seek 20% of the hash rate, and then security goes up dramatically, and the price goes to $400,000 - $500,000.”

In a tweet on June 26 he said

“100% guarantees” that some of Bitcoin’s biggest complainer will ultimately turn bullish when they finally understand it, they’ll go all-in with huge buys.

A further tweet and survey by him predicted that for Schiff to buy bitcoin, most likely it need to trade at $50,000 .

Peter Schiff is an American stock broker, financial commentator, economist and radio personality. He is CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut.