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Bitcoin is set to surge

Bitcoin set to surge to ‘$65,000 in the next few weeks’ as crypto-friendly ‘fifth columnist’ appointed to Senate banking committee

BITCOIN will hit highs of $65,000 per coin “in the next few weeks” as crypto-advocate US Senator Cynthia Lummis educates Washington against regulating the cryptocurrency, claims Max Keiser.

Today, Bitcoin pioneer Mr Keiser said the price of BTC would rise to “$65,000 in the next few weeks” and would eventually see a new all-time high of “$220,000 in 2021”.

He described the factors evolving to encourage a sustained bullish sentiment for Bitcoin.

US Senator Cynthia Lummis

One was the appointment of US Senator Ms Lummis, a well-known commentator on Bitcoin, to Washington’s Banking Committee.

Ms Lummis has said she hopes to begin educating other Senate members and banking officials on the merits of Bitcoin and other cryptocurrencies.

The Senator from Wyoming recently appeared on the popular crypto-based Pomp podcast where she said: “I want to reach out to the people who are listening to your podcast to help with this.

“We’re forming a financial innovations caucus in the Senate.

“We hope to use it as a springboard to educate members of the US Senate and their staff about Bitcoin specifically, other opportunities in cryptocurrencies, financial innovation, and blockchain.”

Max Keiser has referred to Ms Lummis as “our ‘fifth column’ working inside Washington to snuff out and put to rest any foolish attempts to regulate Bitcoin”.

Wyoming Senator Cynthia Lummis

US treasury secretary Janet Yellen.

There were concerns the surging digital currency would come under increased scrutiny from the newly appointed US treasury secretary Janet Yellen.

With Joe Biden having anointed Ms Yellen as his treasury secretary, her anti-crypto sentiment has made some investors nervous that crippling regulations are in store for the surging digital currency.

Mr Keiser described the new paradigm surrounding the cryptocurrency as being compared to “the growth of the early internet”.

He added: “We are about in the 1997 phase, just before the internet became ubiquitous.”

WallStreet Bets short-squeeze of Gamestop

Mr Kesier explained how the recent WallStreet Bets short-squeeze of Gamestop had “removed all doubt in the minds of millennials and GenZ that markets are rigged”.

He said: “WallStreetBets has confirmed and removed all doubt in the minds of millennials and GenZ that markets are rigged against them and as Christine Lagarde recently said about Bitcoin, it’s an escape valve to escape the corrupt, fiat money hellscape that’s impoverishing the world and empowering oligarchs in the US, UK, Europe, and everywhere else.”

Elon Musk

The world’s preeminent cryptocurrency received a boost earlier this week by the comments made by Elon Musk on social messaging app Clubhouse.

Mr Musk said: “I am a supporter of Bitcoin.

“Bitcoin is on the verge of getting broad acceptance from conventional finance people.

“I make jokes about Dogecoin, but they are made to be a joke.

“Dogecoin was made to be a joke.”

Twitter’s Jack Dorsey

Twitter CEO Jack Dorsey has now decided to set up a Bitcoin node that will give more concrete support for the cryptocurrency.

The node will keep a full copy of Bitcoin’s blockchain ledger, which records all transactions in the cryptocurrency.

The social media pioneer has invested heavily in Bitcoin, stating in 2019 that he has been spending “thousands per week” on the cryptocurrency.

Speaking to the Tales from the Crypt podcast in 2019 Mr Dorsey said: “I think there’s a massive acceleration that’s going to happen within the next 10 years.”

He then referred to his payment platform Square Inc. that supports Bitcoin trading and said: “I don’t wait around for that to happen to me or to us as a company (Square), I want to help make it happen.

“To me , it all goes back to the internet.

“What does the internet want to be?

“It wants a currency, it’s always wanted a currency, it just hasn’t had the technology until 10 years ago.”

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