TV presenter and founder of Heisenberg Capital Max Kaiser expects that in the second half of 2021 the price of bitcoin will grow by 500% and reach $220,000. He stated this on Scott Melker’s The Wolf Of All Streets podcast.
In his opinion, the inflation of the US dollar stimulates the strengthening of the first cryptocurrency. Kaiser noted that against the backdrop of the policy pursued by the Federal Reserve, large corporations and companies are increasingly investing in digital assets.
“My target price [биткоина] for 2021 is still $220,000. This is an aggressive price target, which is explained by the serious problems of the US dollar,” the broadcaster added.
Kaiser also emphasized that the price of bitcoin is not as important as the hashrate and other fundamental indicators of the network. According to him, it only reflects the state of the dollar: when the rate of the first cryptocurrency grows, the dollar weakens, and vice versa.
“I don’t look at the price, I watch the hashrate more. And that figure has been in a very predictable, sustained bull market for the last 10 years,” he said.
One of the most important events in the history of the industry, Kaiser called the purchase of MicroStrategy of bitcoins for $ 1 billion. The TV presenter believes that these investments became the starting point for the mass adoption of cryptocurrencies at the corporate level.
The specialist also expects digital gold to reach its all-time high by June 4.
— 🍊💊 Max Keiser (@maxkeiser) May 30, 2021
Over the past day, bitcoin has risen in price by almost 4%, according to CoinGecko. At the time of writing, the asset is trading near $37,000.
In August 2020, Kaiser managed to predict the growth of the first cryptocurrency above $28,000.
Since 2012, the TV presenter has been claiming that digital gold will rise to $100,000. In February 2020, he increased his forecast to $400,000.
Recall that the philosopher and author of the cult work “The Black Swan” Nassim Taleb called bitcoin a Ponzi scheme.
Found a mistake in the text? Select it and press CTRL+ENTER