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16/07/25 14:18 UTC-04

Max Keiser: US authorities could wipe out corporate Bitcoin reserves at any time

The advisor to the President of El Salvador believes that US attempts to integrate Bitcoin into the state financial system could undermine the decentralized nature of the asset. According to Max Keiser, pressure from authorities and potential crackdowns by regulatory agencies threaten the independent existence of the first cryptocurrency, and it could disappear from open access.

As Bitcoin increasingly challenges the authority of traditional financial institutions, Keiser believes a government response is inevitable.

“Strategy company and its clones are launching a large-scale attack on the state and the US dollar by pushing Bitcoin upwards. Keep in mind that the state will strike back, and any Bitcoin not under state control could be confiscated, and your Bitcoins may disappear faster than Epstein’s list,” stated the advisor to the President of El Salvador.

Keiser thinks that the assets of exchange-traded funds (ETFs), such as BlackRock’s iShares Bitcoin Trust (IBIT), may become the first targets:

“Are we making a mistake by reuniting Bitcoin with the state? After all, Bitcoin’s main value is its independence from government influence.”

As a way to preserve Bitcoin’s sovereignty, he suggested storing crypto-assets without intermediaries, custodians, or “corporate wrappers” such as ETFs.

Earlier, Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that according to surveys, most banking industry representatives prefer stablecoins over Bitcoin.

See also: "Ethereum cryptocurrency rises 10% in bullish rally"

#Bitcoin (BTC) #USA #Reserves

Editor: Yulia Krasnaya
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