Last Thursday an interview of Catherine Castro, Youtuber and crypto educator, with the popular Max Keizer. The Keizer Report presenter discussed his outlook for Bitcoin and its relationship to gold.
The interview was published on the YouTube channel ‘Tech with Catalina”And was widely publicized on Twitter, primarily targeting the Spanish-speaking community. It is important to note that, although the interview is in English, it has subtitles in Spanish.
Let’s see what Max Keizer has to contribute to the Bitcoin community.
2020-2021 outlook for BTC
Max Keizer, the American broadcaster behind the Keizer Report, is known in the crypto community for his broad support for Bitcoin. And, therefore, we could not expect their prospects to be out of line with that trend.
One of the most interesting elements to be rescued from the interview consisted of his opinion on the relationship between gold and Bitcoin.
As we have very well reported previously in CryptoTrend, there are many analysts who predict a possible ‘collapse of Fiat money’. The reason, without intending to delve too deeply into it, lies in the measures that have been taken against COVID-19,
Max Keizer is one of those analysts and, therefore, he mentions in the interview that he expects a rise in the valuation of gold in the next 6 months, marking a new maximum price compared to the dollar. Said event, emphasizes Keizer, will be a consequence of the F collapse of the Fiat money ’.
Relationship between Bitcoin and gold
Catalina asks Max Keizer to explain what “hard money” consists of, so Keizer emphasizes that it is that “Indestructible, scarce, desirable and that maintains its value as a reserve.”
Accordingly, he explains that gold fits that description perfectly, but Bitcoin does too. However, he emphasizes that if they have differences: Bitcoin has added benefits!
Bitcoin is “Digital, it is portable, it is divisible, it is inconfiscable.” It is precisely this last feature that makes Bitcoin so different from gold that it is easy to confiscate.
So, when Catalina asks Keizer for her prediction for Bitcoin in 2020 and 2021, Keizer emphasized that “Bitcoin, like gold, finds its value tied to other Fiat currencies.”
Regarding the above, Keizer exemplifies the case of the relationship between gold and the Argentine peso: When we see that gold reaches a new maximum in Argentine pesos, it does not mean that the value of gold moved. What changed was that the valuation of the Argentine peso collapsed.
Therefore, it is not that “The gold is rising against those currencies, is that those currencies are collapsing against the gold”.
In this sense, Keizer predicts that, with respect to the US dollar, gold will reach a new maximum in the next 6 months. The prediction is based on the fact that the US dollar has room to become weaker, which would make gold and Bitcoin begin to rise relative to Fiat money.
Consequently, Keizer claims that the US dollar is “basically dead” and that it is the US government. who keeps him alive for the moment.
What will happen to BTC?
Keizer referred to Bitcoin as “the fastest horse.” Why? Well, he says that Bitcoin could increase 25 or 30 dollars for every dollar that gold rises in its price.
Accordingly, the advice Keizer offers to the audience is “Buy Bitcoin”. Ensures that it does not matter if you buy small amounts, whether it is 1 dollar or 5 dollar, but it is the best way to be prepared for when “The crisis arrives”.