In this episode of the Keiser Report, Max and Stacy look at the biggest asset manager in the world, BlackRock, finally admitting that bitcoin will take the place of gold. They also discuss perfect price discovery. In the second half, Max interviews bitcoin miner, Marshall Long, about the possibility of a hash war between the US and China as the US Comptroller of the Currency warns about China dominating the space. They discuss the true rate of mining supremacy and what the future for the sector holds.
Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. 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.