Trusted

Max Keiser Warns US May Nationalize Bitcoin Miners After Intel Stake Move| US Crypto News

3 mins
Updated by Mohammad Shahid
Join our Trading Community on Telegram

In Brief

  • Max Keiser predicts US government may nationalize Bitcoin miners like Coinbase and Riot Platforms for national security.
  • The US acquired a 10% stake in Intel, leading to concerns about crypto miners being next.
  • Keiser argues the US government could tap similar funds to acquire Bitcoin miners, bolstering its Bitcoin strategy.
  • promo

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee as Bitcoin evangelist Max Keiser’s latest warning blurs the line between market speculation and national security strategy in Washington.

Crypto News of the Day: US Could Nationalize Bitcoin Miners Over ‘National Security’ Concerns

On Friday, August 22, the US government acquired a 10% stake in American technology firm Intel, making it one of its owners.  

US Secretary of Commerce Howard Lutnick revealed the news in a post on X (Twitter), citing its potential to strengthen the nation’s leadership in semiconductors and grow the economy technologically.

Meanwhile, President Trump sees the venture as the best deal ever for the country,

“I negotiated this deal with Lip-Bu Tan, the highly respected CEO of the company…The United States paid nothing for these shares, which are now valued at approximately $11 billion. This is a great deal for America, and also, a great deal for Intel,” Trump wrote on Truth Social.

Intel said in a statement that the US government is expected to invest $8.9 billion in Intel common stock.

In the aftermath of the Friday announcement, shares of the Santa Clara, California-based chipmaker soared 5%. Intel’s INTC stock closed on Friday at $24.80.

Max Keiser, a Bitcoin maxi and one of the champions of the pioneer crypto in El Salvador, challenges that the 10% stake came for free.

Against these backdrops, BeInCrypto contacted Max Keiser, who said the US could nationalize Intel soon for supposed national security reasons.

“The US just bought a minority stake, soon to be majority in $INTC for ‘national security’,” Keiser stated.

According to the Bitcoin maxi, cited in recent US Crypto News publications, the trend could extend to Bitcoin miners and public corporations steadily adopting crypto.

“Soon, when they realize they f***** up not buying enough Bitcoin. They’ll nationalize $COIN $RIOT $MARA & $MSTR for ‘national security’,” Keiser added.

Keiser claims that the US government garnered resources to acquire the 10% stake and could do the same to increase its stake in the Bitcoin mining sector if only interest presented itself.

“Whatever slush fund they tapped into for this Intel deal, why not tap those funds to buy Bitcoin? Oh yeah, they never did the work to understand Bitcoin,” Kiser told BeInCrypto.

The remark comes after recent reports indicated the US would not buy Bitcoin for its strategic reserve. Instead, Treasury Secretary Scott Bessent committed to the nation leveraging the confiscated assets to increase BTC allocation.

“We’ve also started, to get into the 21st century, a Bitcoin Strategic Reserve. We’re not gonna be buying that, but we are going to use confiscated assets and continue to build that up. I believe that a Bitcoin Reserve, at today’s prices, is somewhere between $15 and $20 billion,” Bessent claimed.

Chart of the Day

Intel Corp (INTC) Stock Performance
Intel Corp (INTC) Stock Performance. Source: Google Finance.

Byte-Sized Alpha

Here’s a summary of more US crypto news to follow today:

Crypto Equities Pre-Market Overview

CompanyAt the Close of August 22Pre-Market Overview
Strategy (MSTR)$358.13$343.00 (-4.22%)
Coinbase Global (COIN)$319.85$310.90 (-2.80%)
Galaxy Digital Holdings (GLXY)$25.57$24.36 (-4.73%)
MARA Holdings (MARA)$16.29$15.55 (-4.54%)
Riot Platforms (RIOT)$13.22$12.68 (-4.08%)
Core Scientific (CORZ)$13.55$13.45 (0.74%)
Crypto equities market open race: Google Finance
Best crypto platforms in Europe
Best crypto platforms in Europe
Best crypto platforms in Europe

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Lockridge-Okoth.png
Lockridge Okoth
Lockridge Okoth is a Journalist at BeInCrypto, focusing on prominent industry companies such as Coinbase, Binance, and Tether. He covers a wide range of topics, including regulatory developments in decentralized finance (DeFi), decentralized physical infrastructure networks (DePIN), real-world assets (RWA), GameFi, and cryptocurrencies. Previously, Lockridge conducted market analysis and technical assessments of digital assets, including Bitcoin and altcoins such as Arbitrum, Polkadot, and...
READ FULL BIO
Sponsored
Sponsored