American advocate for Bitcoin, Max Keiser, predicts that factors such as the stablecoin issuer Tether, El Salvador's adoption of Bitcoin, and the weakening United States dollar (USD) will propel the price of BTC to $220,000 soon.

Keiser expressed his belief in a tweet on Saturday, stating that the USD is facing significant challenges due to inflation, while BTC is poised to reach $220,000 amidst this situation.

Explaining further to CryptoPotato, Keiser elaborated that Tether's stablecoin operations are bolstering Bitcoin's position while undermining the USD, prompting the U.S. government to increase interest rates.

According to Keiser, nations in the BRICS coalition, including China and Russia, perceive the U.S. as trapped in a debt spiral of its own creation, potentially leading to hyperinflation through excessive USD printing. Consequently, China and Russia are moving away from the USD as the global reserve currency and conducting direct trade agreements.

Adding to the pressure on the USD, BRICS reportedly plans to introduce a new digital currency backed by gold later this year, dealing a significant blow to the dollar and NATO.

As BRICS challenges the U.S., Keiser pointed out that American financial services firm Cantor Fitzgerald and Tether are engaging in a speculative attack against the dollar, accelerating its decline.

Tether plays a crucial role in this scenario by converting fiat currency into Tether (USDT), which it then exchanges for U.S. treasuries at Cantor, using the interest earned to buy more BTC. With rising interest rates in the U.S., Tether's profits and BTC purchases are increasing, creating a cycle that Keiser describes as inevitable.

Keiser also mentioned MicroStrategy, led by Michael Saylor, as another participant in the attack on the dollar. However, unlike MicroStrategy, Tether does not incur interest payments.

Keiser predicts that BTC purchases from entities like Tether, MicroStrategy, and El Salvador will escalate, while the USD will continue to depreciate. Eventually, BTC's value will surge to $220,000, he believes.

He suggests that by the time the U.S. introduces its central bank digital currency, it will be too late, as the BRICS currency will dominate as the global reserve currency, Bitcoin will serve as the reserve asset, and Tether will replace the SWIFT network on a global scale.