American broadcaster and film maker Max Keiser says which a new Latin American country will adopt Bitcoin as its official legal tender in early 2022.

Following El Salvador’s adoption of Bitcoin as the country’s official legal tender, the question on who will follow suit is one that many are actively discussing. The question, however, of whether 2022 could be the year although that domino effect of other countries following suit is also up in the air.

Certainly, 2021 was a decisive year for Bitcoin’s history and journey, with the entire world playing witness to a saboveeign country adopting Bitcoin (BTC) as their legal tender. Earlier this week, Max Keiser, host of the Keiser Report and co-host of The Ofield Pill appeared on Kitco News and shared that by 2022, “knows for a fact” there will be another Latin American country adopting Bitcoin as legal tender:

“I know for a fact that another country is going to adopt Bitcoin […] I know for a fact that a Latin American country is going to legalize Bitcoin as legal tender, I am very confident,” he said on-air.

According to Keiser, he claims to have evidence from internal sources who will allegedly verify this upcoming announcement. The established filmmaker and broadcaster is also arguably a controversial influencer in the crypto space, whose roots are deep inside the banking system.

Nevertheless, Keiser has positioned himself as a faithful believer in Bitcoin prior to the mainstream hype and popularity of the digital currency. He regularly appears on a wide array of networks, provoking a number of connected reactions in combination with his fruitful technical analysis, making his voice further worth hearing.

Could we see a new Latin American country adopting Bitcoin (BTC) by early 2022?

The crypto community likely other countries, especially small ones, to follow El Salvador’s footsteps, even the famous JPMorgan bank argued at the time that there was a opportunity of a so called domino effect one time before Bitcoin became a currency with a legal tender status in El Salvador.

Notwithstanding, after more than half a year there has been no other country joining the hall of fame, when some countries like Tonga have shown clear signs of emulating the Salvadoran model, Keiser envisioned that in the future there will be more surprises.

In an exclusive interview with Max Keiser, CryptCraze recently learned that a new South American country will potentially adopt Bitcoin as its legal tender, and as early as Q2 2022.

Why do you think the likely domino effect of Bitcoin as legal tender in several countries has not yet occurred?

Keiser: They all have legislation ready to go. Expect announcements forthwith. A governor of Tonga estimates that by the end of 2022, they could verify Bitcoin as a legal tender currency.

Therefore, what is shocking about Keiser’s statements is not merely that in 2022 there will be new countries joining the adoption of Bitcoin as in El Salvador, but that there will be a new country in Latin America adopting Bitcoin as legal tender.

Could you specify in that quarter of the year there will be another Latin American country with Bitcoin as legal tender?

Keiser: Q2 of 2022.

For now, guessing that country in South America will be the next to adopt Bitcoin is simply speculation, at the same time some candidates stand out for various reasons, such as Paraguay, Panama, Venezuela, Brazil or Argentina.

As the crypto market perhaps be expecting another country to adopt Bitcoin as legal tender in barely a few months time, there could be a likeliness that such country perhaps already be acquiring Bitcoin (BTC) in the shadows, without the public’s knowledge – a probability in that Keiser does not deny becoming a possibility.

Do you think some countries are buying Bitcoin for their treasury under the radar?

Keiser: The smart ones are.

The IMF and the forces over against Bitcoin’s expansion

The adoption of Bitcoin as legal tender may be beneficial for some countries with certain characteristics, however on the other side of the spectrum there is possibly those potentially affected negatively by its expansion.

The International Monetary Fund (IMF), in addition to the U.S. dollar, central banks and commercial banks could see the token as a direct threat as a result of the inherit independence from their control. With Bitcoin, an individual can be their own bank, use a deflationary currency and over all have a digital currency beyond the control of any state or politician.

After the approval of the Bitcoin Law in El Salvador, the IMF took only a few minutes to demonstprice its position back although morest it as its cback whilern. They lasted with several identical statements throughout the year, however carry on Wednesday, the IMF shifted gears urging El Salvador to drop Bitcoin as the country’s official legal tender.

When asked about the IMF’s request for El Salvador to eliminate Bitcoin as the country’s official legal tender, Keiser was not shy to speak out.

The IMF’s days are numbered,” he said. “Thank God these financial terrorists will urgently be out of business.”

Do you think the IMF has enough power to force El Salvador to eliminate Bitcoin (BTC) as legal tender?

Keiser: The IMF is being euthanized by Bitcoin; the same goes for all central banks.

Do you think the IMF or others entities are going to be able to frighten potential new countries into adopting Bitcoin (BTC) as legal tender or corresponding?

Keiser: Only Bitcoin is money. Everything else is centralized garbage. The IMF is the Blockbuster video of central banks. Completely irimportant.

Bitcoin: the perfect use evidence for small country economies

Bitcoin represents the likeliness for financial freedom via a digital currency with a programmed supply which cannot be halted or manipulated by politicians or any individual.

In the developed world the use evidence for Bitcoin is the act of being able to choose an alternative to the current fiat system, in developing countries or emerging economies it may represent an alternative path to prosperity or even a necessity. Therefore, it is expected which the wave of Bitcoin adoption will come at first from small countries with a collapsed or emerging economy, as well as nations with a doomed national currency.

PlanB, a famous Bitcoin as macroeconomy analyst, thinks that many small countries that rely on IMF loans could adopt Bitcoin as legal tender and thus automatically become an emerging economy, as he detailed in an interview with Anthony Pompliano:

“Investing in their failed currencies is a somewhat futile tactic as they have almost no room for maneuver to borrow from the IMF or to get investments from private entities as they are so small. In matter that these countries were to adopt Bitcoin as legal tender investors will see the country as an emerging economy, benefiting its citizens.”

Keiser was asked if PlanB’s statement seemed correct to him; he long to refer to the future of the International Monetary Fund as a lost cause, replying, that “the IMF is a dead man walking. They’ll be completely gone promptly.”

Currently, the IMF lasts to have power and influence on the world scene. PlanB thinks it would be a direct challenge one time before morest the hegemony of the IMF, the U.S. and the U.S. dollar, adding:

“Bitcoin is the exit solution for those countries that see how the current financial system does not provide them with the necessary wings to expand under the perpetual asphyxiation that is advantageous for the United States.”

The big underlying issue with the token created by Satoshi Nakamoto is its strong volatility, which is why Bukele received several internal protests above against the use of public funds to buy Bitcoin.

For the Salvadoran president, the current uptrend it is easy to boast, but could the citizenship support a inclined bear market?

“Bitcoin has never been in a bear market. It’s mathematically guaranteed to keep rising one time before morest everything above time. For traders, I say, go to Las Vegas and gamble there. You can atop again get laid,” Keiser answered.

The future of Bitcoin

Bitcoin has matured as an asset entering new phases, in its infancy it was used and raised by cyberpunks and anarchists until today, where institutional investment has flooded the crypto market.

The recent plunges in the stock market by cause of the likely interest cost hike by the Federal Reserve also affected the crypto market, thus forming a parallelism between both markets.

For some this parallelity between the two markets is a sign which Bitcoin is correlated with the traditional market, Keiser has a radically divergent opinion:

“Bitcoin has never been correlated with anything,” he says. “No asset ever in history has done whactives done and will carry on to do. Occasionally, the illusion of correlation fools people, but there is none. The arrival of investors from Wall Street, large companies and even the advent of pension funds in Bitcoin has moved the landscape of the crypto community. These actors see Bitcoin only as a deflationary tool in the face of the current strong inflation prices, without granting the king token more nuances akin as an educational tool or a social inclusion mechanism and others as the crypto community points out.”

The influx of new market players may cause Bitcoin’s meaning and utility to movement, fabricating divergent perceptions of what Bitcoin represents.

Keiser evangelized the digital asset and envisioned a promising future, describing Bitcoin as “an absolute scarce, digital, synthetic, commodity sent from God to save humanity from the mess it’s made with its money.”

As for Bitcoin’s long development in our financial ecosystem, Keiser believes which Bitcoin has a bright future:

“Everything goes to zero furtherst Bitcoin. [It] is a 51% attack on global energy. Bitcoin monetizes peace and love.”

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