Welcome to US Crypto News Morning Briefing. A critical overview of the most important developments in cryptocurrencies of the day.
Let’s have some coffee. Because while global markets watch in disbelief as the US government shuts down, Bitcoin is doing the opposite. For longtime Bitcoin supporter Max Kaiser, this moment is no coincidence. It’s fate.
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Today’s Crypto News: Max Kaiser talks shutdowns, soaring Bitcoin prices, and sounds of fiat collapse
As reported in a recent US Crypto News publication, Bitcoin has soared to new all-time highs as the US government remains shut down due to a new budget impasse. The Pioneer cryptocurrency hit a high of $126,199 before being withdrawn and was trading at $121,960 at the time of writing.
Despite the backlash, longtime Bitcoin advocate Max Kaiser says the timing couldn’t be better for Bitcoin’s continued strength. He calls it “poetic justice” that Bitcoin thrives when fiat currency governance stalls.
Kaiser, a veteran broadcaster and early Bitcoin investor, has spent more than a decade warning that the collapse of centralized monetary systems is not a matter of if, but when.
In an exclusive interaction with BeInCrypto, he called the shutdown a symbolic moment that confirms Bitcoin’s original mission and exposes the structural weaknesses of government-backed money.
“The moment the Genesis block was mined on January 3, 2009, the fate of the US dollar and all fiat currencies was decided…The 300-year experiment with central banks and fiat currencies is over. It has failed. You cannot print your way to prosperity,” Kaiser said.
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For Kaiser, Bitcoin’s recent rally is not just about price fluctuations. It’s about the evidence. He sees the government shutdown, widening deficits and rising debt servicing costs as evidence that the era of fiat money is over. In his view, the rise of decentralized and borderless money is not a revolt but a recalibration of economic reality.
He also pointed to tech giant Jack Dorsey’s move to merge Cash App and Square as further proof that traditional finance is becoming obsolete.
“Jack Dorsey has driven another nail into a moribund banking system,” Kaiser said, suggesting that fintech consolidation and the adoption of Bitcoin are accelerating the final stages of fiat collapse.
However, when asked about the future of stablecoins, Kaiser bluntly said that they may retain the “USD” label long after the dollar’s credibility has been eroded.
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“Even after the dollar disappears, stablecoins will continue to use the name ‘USD’ as a generic term, separate from the unsubstantiated paper nonsense that has plagued the US Treasury and the world for decades,” he said.
With Washington literally shutting down operations, Kaisers says trust is shifting. If Bitcoin’s price is “inversely proportional to trust in government,” as he says, each political crisis might only accelerate Bitcoin’s price rise.
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Here’s a rundown of US crypto news to follow today.
