For Part 1 of this interview, CLICK HERE
0:00 - Bitcoin's intrinsic value3:20 - Bitcoin price forecast4:19 - Altcoins will "go to zero"7:46 - Proof of stake8:15 - Ethereum flippening11:11 - Transaction coins12:55 - "Max coin"
"There is no top price for Bitcoin because there is no bottom for fiat money(currency)" said Max Keiser, Host of The Keiser Report. Fiat money is currency which does not have intrinsic or use value on its own. It only has value because the government maintains its value.
Keiser, who is also the Co-Host of The Orange Pill Podcast spoke to David Lin, anchor for Kitco News.
"If you are going to price Bitcoin and fiat money, the price is infinity, because fiat money has no bottom, while Bitcoin has no ceiling. If you priced it in ounces of gold, that would be a more valid way to price it," Keiser continued. "I am not sure exactly what the exchange rate is for an ounce of gold is to Bitcoin. But whatever it is, you can multiply it by a hundred times and that's where we are headed."
Max Keiser is a former stockbroker and an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where he began working after graduating from NYU. With the help of Keiser's co-host, Stacy Herbert, and guests from around the world, Keiser Report tells you what is really going on in the global economy.