Max Keiser: US Hash Rate War With Iran Can Send Bitcoin Price to $500K
Bitcoin (BTC) will hit $500,000 because the United States will start a giant hash war with Iran and Venezuela — and it’s already started. Thanks to Tehran potentially controlling 3% of the Bitcoin hash rate already, and Venezuela — briefly — accepting BTC payments, the U.S. joining the fight for Bitcoin supremacy is only a matter of time.
“Iran has already got 3% of global hash rate, so now I think Venezuela will get 3-5% pretty quickly,” Keiser said. “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.”