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Prominent crypto analyst and broadcaster Max Keiser criticized Michael Saylor’s proposal for the United States to create a $10 trillion Bitcoin 
$104,515-based stablecoin. Keiser argued that this idea is unfeasible due to the restrictive policies surrounding the U.S. dollar. He referred to the USD as “the ultimate proof-of-stake shitcoin,” emphasizing that the dollar’s value relies on control and exclusion rather than transparency and neutrality.
Centralized Control and Limitations
Keiser compared the power-based foundation of the U.S. dollar to the peaceful structure of Bitcoin. He cited El Salvador’s adoption of the Bitcoin standard under President Nayib Bukele as a prime example of a peaceful financial shift. The country’s commitment to increasing its Bitcoin reserves was viewed as a pioneering step towards a fairer and more transparent monetary system.
Max Keiser also addressed Michael Saylor’s plan for establishing a new crypto asset framework in the U.S. Saylor argued that U.S. banks should issue their own stablecoins to reinforce the dollar’s dominance in the digital economy. He claimed that bypassing current regulations could create a multi-trillion dollar global opportunity.
El Salvador’s Bitcoin Strategy
El Salvador aims to enhance its commitment to Bitcoin by expanding its strategic reserves. Under President Bukele’s leadership, the country plans to accumulate an additional 20,000 BTC in the short term. This strategic move reflects El Salvador’s effort to reshape its economic trajectory.
Keiser warned that creating a Bitcoin-backed stablecoin could lead to the collapse of the USD and a loss of U.S. global power. In contrast, countries like El Salvador adopting the Bitcoin standard could pave the way for a more transparent and inclusive financial system.
Michael Saylor emphasizes the need for the U.S. to create a framework for digital assets under the Trump administration. He argues that issuing stablecoins would strengthen the dollar’s dominance in the digital economy. Additionally, he believes selling U.S. gold reserves to buy Bitcoin is a strategic move.
