Bitcoin Predicted to Reach US$200,000

Max Keiser, a well-known figure in the Bitcoin community, projects that the price of Bitcoin could reach US$200,000.

This prediction is driven by the increasing use of stablecoins tied to US government bonds, which are believed to trigger a surge in demand for Bitcoin.

The Role of Stablecoins in Shaking Up the Market

Tether, a giant in the stablecoin world, plans to introduce a new stablecoin pegged to the US dollar.

This move is in line with the US Treasury Department’s estimate that the stablecoin market value could swell to US$2 trillion by 2028.

However, Keiser warned that if stablecoin issuers use Treasury yields to buy up Bitcoin, this could potentially erode US financial reserves and worsen the country’s debt burden.

The Trump Family’s Involvement in the Crypto Realm

World Liberty Financial (WLFI), a company backed by the Trump family, has launched a stablecoin called USD1 which is backed by US debt.

This stablecoin has reached a market capitalization of US$2 billion, showing the family’s major influence in the crypto world.

Conclusion

The rise in stablecoin adoption and the involvement of big players like the Trump family in the crypto market strengthen Bitcoin’s chances of reaching $200,000.

However, its impact on global economic stability and government finances needs serious attention.