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Bitcoin Will Rise in Price by Another 4000% – Max Keiser 

Investor and crypto analyst, Max Keiser is confident that Bitcoin (BTC) can rise in price by another 4000% amid stimulating the US economy.

Bitcoin will continue to grow after stimulus payments

Keiser is confident that Bitcoin will continue to rise in value after the next stimulus payments in the US in the amount of $1200. He announced this in the framework of the Keiser Report, a video interview about the most important events in the crypto market.

According to the Bitcoin evangelist, stimulus payments will push Americans to buy Bitcoin, saving their funds from dollar inflation. As a result, the price of the premier cryptocurrency will rise sharply. Keiser explained:

The reason Bitcoin is soaring is because of the impending hyperinflation in America. The dollar is experiencing a hyperinflationary collapse against Bitcoin.

Note that the bitcoin price has reached an all-time high of $58,330. At 14:06 GMT, BTC was trading at $52,197.

Elon Musk is not at all interested in Bitcoin

Max Keiser is confident that the current rise in the Bitcoin price is caused by the activity of large corporate investors. The news that Tesla bought $1.5 billion worth of bitcoins kicked off another rally in the market. However, Elon Musk acquired bitcoins not because he believes in the profitability of cryptocurrency, but rather to express his protest against the policies of the US Federal Reserve System and the SEC. Keiser said:

This is Elon Musk’s speculative attack on the Fed, isn’t it? He has already entered the war with the SEC. Now he is at war with the Federal Reserve System and says: I will not buy back my shares; I’ll get your cheap money.

Elon Musk previously stated that he invested money in Bitcoin not because he is confident in its profitability.

To be honest, I am not an investor, I am an engineer. I don’t even have any other shares of public companies besides Tesla. At the same time, when traditional money has negative rates, only a fool will not look for an alternative. Bitcoin is almost as useless as fiat money. The key word is “almost”.

Tesla’s example doesn’t seem contagious to others. JPMorgan analysts are confident that Bitcoin volatility will prevent other companies from following Tesla’s example and investing some of their free funds in Bitcoin.

If you have any questions and comments on Bitcoin today, use the form below to reply.

© MarkStevenson for Commodity Blog, 2021. | Permalink | No comment |
Published under: Bitcoin

Via Commodity Blog

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