Global markets are teetering on the edge of a historic financial catastrophe and Bitcoin legend Max Keiser predicts the chaos will send Bitcoin to $2 Million.

Keiser, adviser to El Salvador’s President Nayib Bukele, recently highlighted Japan’s spiraling economic crisis, a country burdened by a staggering 260% debt-to-GDP ratio, rising Japanese Government Bond (JGB) yields, and a rapidly collapsing yen. Japan, long considered stable due to domestically held debt, is now facing systemic insolvency. This isn't merely Japan’s crisis; it's a grim signal of a global sovereign debt collapse looming on the horizon.

Central to Keiser’s forecast is the implosion of the $2 quadrillion derivative bubble propped up by the Yen Carry Trade, which for decades provided vital liquidity globally.

This precarious financial domino, now toppling, could trigger cascading bank failures and drive an unprecedented rush of capital from traditional fiat assets directly into Bitcoin.

Bitcoin’s role as the ultimate safe haven asset becomes clearer each day. As governments and fiat systems falter under unsustainable debt, Bitcoin stands as a financial lifeboat amid the coming global storm.

Texas Advances Strategic Bitcoin Reserve to Governor’s Desk

The Texas Legislature has just passed Senate Bill 21, titled the Texas Strategic Bitcoin Reserve and Investment Act, which establishes a first-of-its-kind digital asset reserve for the state. With bipartisan support, the bill now heads to Governor Greg Abbott’s desk for final approval.

Texas will become the third U.S. state to adopt Bitcoin as part of its investment strategy, following the leads of New Hampshire and Arizona.

SB21 authorizes the creation of a dedicated reserve fund, held outside of the state treasury, that allows Texas to acquire and hold Bitcoin directly. The legislation grants the State Treasurer full authority to manage the fund, with strict rules ensuring maximum security and responsible governance.

Key highlights from the bill:

• Bitcoin-Only Focus: Only digital assets with a 12-month average market cap of at least $500 billion are eligible—effectively limiting the reserve to Bitcoin.

• Cold Storage Security: All assets must be secured using cold storage, safeguarding against unauthorized access.

• Independent Fund Structure: The reserve operates separately from general state funds and can receive legislative appropriations, private donations, and investment returns.

• Emergency Liquidity Option: The fund may be temporarily liquidated under specific conditions to support state cash management needs.

The legislation defines its purpose clearly:

“The establishment of a strategic bitcoin reserve serves the public purpose of providing enhanced financial security to residents of this state.”

Governor Abbott has not yet commented on the bill’s passage, but he’s long been supportive of Bitcoin, stating:

“Texas wants to be the centerpiece of what Bitcoin and blockchain mean to the entire world.”

Bitcoin advocates, including Dennis Porter of Satoshi Action Fund, view this as a major step forward.

“New Hampshire set the precedent, and now Texas is expanding the vision,” said Porter on X. “This is how we future-proof state treasuries and align with the most secure monetary network on Earth.”

Bottom line: The game is changing. States are waking up to Bitcoin’s role as a strategic reserve asset and Texas just made its move.

THEY TRIED TO BUILD AN ANTI-BITCOIN ARMY…AND THEN THIS HAPPENED!

Senate Advances GENIUS Act for Stablecoin Regulation with Bipartisan Support (Why It’s Bullish for Bitcoin)

The U.S. Senate has advanced the “GENIUS” Act, a significant step toward establishing a federal framework for regulating stablecoins. The bill passed a procedural vote with a 66-32 majority, indicating substantial bipartisan support.

This development challenges the efforts of Bitcoin’s biggest critics like Senator Elizabeth Warren and JPMorgan CEO Jamie Dimon, who previously called for the government to ban Bitcoin, but now offers Bitcoin services to clients.  

The GENIUS Act's progress suggests a shift in the legislative landscape that could inadvertently bolster Bitcoin's position in the financial system.

Max Keiser has annihilated the “GENIUS ACT” arguing that it perpetuates the cycle of fiat currency debasement. He contends that stablecoins, which are digital tokens pegged to fiat currencies like the U.S. dollar, will become major purchasers of U.S. Treasury bonds, thus fueling further inflation. Keiser suggests this scenario coupled with Japan unraveling could lead to a financial crisis he terms the “Bondpocalypse,” ultimately driving Bitcoin’s value to $2.2M per coin.

While intended to bring stability to the “digital asset market,” the legislation may have the unintended consequences that reinforce Bitcoin’s role as a hedge against traditional financial systems.