Max Kaiser, a renowned digital sponsor and speaker, predicts that Bitcoin will be more popular with other alternative financial systems in 2019.
Thanks to US economic hegemony around the world, for many years, the dollar has been the reserve of banks and global markets. Some market researchers believe that the US dollar does not deserve such a glorious position and, over time, it will replace the decentralized currency.
One of the factors that may help this is the balance of power in the field of geographic economics and geography, which may change the way in which goods and services trade on a global scale.
Max Kaiser's forecast for 2019
Many analysts and prominent digital currency investors will see 2019 a bullish upward trend. One of those famous analysts is Kaiser Reuport, Max Kaiser.
According to Kaiser, the world is moving toward a global economy that undermines the dollar in trading and global financial operations. He also spoke to Swift, the largest banking system in Belgium, controlled by US financial institutions, and believes that Ripel is trying to compete with it.
It's as if this is America that directs Swift to use or not.
Currently, other countries, including Germany, are developing their own financial system to not dominate the United States, because the American pressure on the global market is huge.
Max Kaiser prediction for bitcoin
The former television broadcaster and former trader believed in Bitcoin and its high potential, since Bitcoin, based on what Kaiser said in his recent interview, has no dependence on the price of the dollar and other important factors for traditional markets.
In addition, according to Kaiser, Bitcoin has the potential to oppose central banks thanks to the Distributed Booklet, which is based on pure mathematical algorithms and data blocks. This technology can no longer be tampered with by central banks.
With regard to US stock market conditions, Kaiser has suggested encouraging disappointing performance for investors in the digital dividend area, as digital currencies are a good option for long-term investment. While the traditional stock system is getting worse day by day.
Although Bitcoin prices are not bullish at the moment, Kaiser's view for Bitcoin is quite bullish in the long run.