Bitcoin Will Pass $200K | Max Keiser, The Keiser Report

I think Bitcoin would cut the 160,000 terawatt hours of energy used right now on Earth by half. Because, under a Bitcoin standard, you get rid of central banks, you get rid of fiat money, you get rid of the Pentagon, right? So, these are all huge users of energy. Under a Bitcoin standard, energy use on planet Earth gets cut in half.

I don't really look at the price; I look more at the hash rate. And the hash rate over the past 10 years has been in a very predictable, solid bull market, and it just reached new all-time highs recently. And that's really the nexus of the Bitcoin protocol. Price is... the least important data point on Bitcoin. The important data points are hash rate, halvings, difficulty adjustment, the emission schedule every 10 minutes—those are important data points.

The dollar is backed by men with guns. So, the Pentagon, these are the guns that back up the US dollar that eat up something like $1.5 trillion of our taxes. Approximately 50% of all tax dollars goes to the people with the guns to back the dollar. So, what happens is, at some point, with inflation kicking in, it's going to be impossible to print enough money to keep the Pentagon up and running.

Humans could become extinct and Bitcoin is still going to keep going. So, it's up to us to embrace Bitcoin before we kill ourselves as a species.

All the arguments from these people are always completely horrible. One of the things Bitcoin suffers from is a lack of credible detractors. We need better critics. These critics of Bitcoin are all horrible.

The US dollar is the world's reserve currency, and Bitcoin is competing to become the world's reserve currency. So, the king, right now, is the US dollar, and Bitcoin's attacking the king.

If the US doesn't start to hoard and mine Bitcoin for itself as a sovereign entity, it's going to really be left behind because these other countries potentially could overtake and become much better off having Bitcoin on their balance sheets.