Max Keiser, a Bitcoin advocate and advisor to El Salvador’s President Nayib Bukele, shared his views on Bitcoin's dominance in the market.
Bitcoin Sets New Records
Keiser emphasized in a recent post that Bitcoin, trading at $110,758, continues to hold a position in the market despite minor price fluctuations.
Max Keiser's Outlook on the Future
He expressed confidence that all traditional assets are trending towards zero compared to Bitcoin, suggesting this transition is already occurring. Keiser, an early investor in Bitcoin since 2011, believes that the shift is underway.
The Role of Hashrate in Bitcoin's Growth
Keiser also noted that Bitcoin's hashrate has surpassed 900 EH/s, stating, 'Hashrate precedes price.' This highlights miners' confidence in Bitcoin's future, which he believes is resilient to asset operations.
Keiser's conclusions emphasize that Bitcoin possesses both financial and network strength, enhancing its market dominance.