Max Keiser Reaffirms $100ok Bitcoin Value Prediction
Bitcoin permabull Max Keiser is doubling down on his $100,000 bitcoin value prediction because it reached a brand new ten-month excessive this week. The Wall Road veteran says the U.S. Federal Reserves insurance policies will trigger a sequence of occasions that may cement BTC’s standing as a retailer of worth.
Bitcoin to $100,000
Talking to Kitco Information on Tuesday (Could 14, 2019), Keiser mentioned each medium and long-term technical and market fundamentals level to Bitcoin inching nearer to a bull market.
The host of the Keiser report says the cryptocurrency hasn’t even begun to succeed in its potential, sustaining that his 2018 $100,000 per coin was nonetheless achievable.
BTC has added greater than $2,000 to its value in lower than per week in Could 2019 alone. The $141 billion market cap asset has gained north of 120 p.c because the starting of the 12 months with greater than 83 p.c of that development occurring in April and Could 2019.
Buffett Lacks the Smarts Wanted to Perceive Bitcoin
Keiser additionally used the chance to as soon as extra rip into nocoiners like Warren Buffett who proceed to disparage BTC sarcastically calling it ‘rat poison squared.’
Not too long ago, the Berkshire Hathaway chief described BTC as a playing machine. Keiser rebuffed Buffett’s place declaring that BTC is on observe to changing into a haven asset on par with gold.
That may imply BTC’s market cap reaching one thing alongside the traces of $eight trillion. Keiser’s bitcoin value prediction of $100,000 places the BTC market capitalization at probably $2.1 trillion given the cryptocurrency’s 21 million whole provide.
Commenting on the obtuseness of Buffett and co, Keiser declared:
He’s [Buffett’s] too mired in his methods, he can’t adapt, he’s not agile, he hasn’t obtained the mind energy for it [Bitcoin].
Keiser isn’t alone in suggesting Buffett’s disdain for BTC comes a minimum of partly from a complete lack of awareness. Binance CEO Changpeng Zhao again in 2018 characterised the Berkshire Hathaway chief as being ignorant about cryptocurrencies.
The Fed Already Crapped the Mattress
Keiser additionally touched on the Fed’s resolution to enter quantitative easing, describing the transfer as being optimistic for Bitcoin. In line with Keiser:
When the Federal Reserve financial institution signaled that they have been going to everlasting quantitative easing, I mentioned look, that’s the underside for bitcoin, that was about $3,200 on bitcoin, as a result of they’re making it clear now that there’s going to be no accountability by the Fed. They’re going to print advert infinitum, advert nauseam, there’s going to be no rollback, no form of try and steadiness their books.
Now we have each motive to anticipate that this breakout in #gold is for actual. Gold & #Bitcoin are rising for a similar motive. Wealth is de-risking. Cash is transferring out of property with counterparty threat. Silver breakout to observe quickly.https://t.co/VavMWPmFqt pic.twitter.com/CQcSuwASNN
— James Turk (@FGMR) Could 13, 2019
Central banks around the globe as additionally enacting related insurance policies with Travis Kling of Ikigai Asset Administration calling them irresponsible. For James Turk of Goldmoney, buyers will proceed to pivot away from property with counterparty dangers into haven commodities like gold and Bitcoin.
Will Bitcoin attain $100,000 earlier than the top of 2019? Tell us your BTC value prediction within the feedback beneath.
Photos by way of Tradingview, Kitco Information, Twitter @FGMR, Shutterstock, Bitcoinist archives
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