Max Keiser On $100,000 BTC Price: “Bitcoin Is The Monetary Black Hole To Gobble Up All Fiat”

2018-12-3 17:52

There are several Bitcoin price predictions for the future. Several figures from all over the world and ideas have given their predictions about Bitcoin in the future. One of them is Max Keiser, that believes that Bitcoin (BTC) could reach $100,000 in the next years. However, he is not so sure about the prediction he made.

During 2018, Bitcoin and other virtual currencies have been in a massive bear market. Bitcoin itself plummeted more than 80% since its all-time high. Other virtual currencies lost more than 95% of their value.

According to Max Keiser, the problem in the crypto market right now is related to the fact that many individuals and investors entered the market back in 2017. Additionally, he mentioned that the behavior experienced by virtual currencies during 2018 was something expected. Moreover, he commented that the upward trend for the future remains intact for Bitcoin.

About it, Keiser said:

“The Bitcoin price got way ahead of itself, and we saw a typical pullback. Since I first started buying BTC in 2011 at $1, I’ve seen a few of these… The long-term chart is fine. It’s still bullish…. The long-term trend is intact and will continue its upward path.”

This is something that many other figures in the space agree with and believe that will happen. For example, John McAfee thinks that Bitcoin will be reaching $1 million in almost 2 years. Some things could help Bitcoin price grow such as the halving that the network will experience in 2020 or a Bitcoin ETF.

Although Keiser predicted Bitcoin to reach $100,00 dollars, he has also explained that it is possible not to see this number in the future. He said that he has more faith in BTC rather than in humans surviving the ecological holocaust that ‘collective stupidity’ triggered.

“Bitcoin might only be used by our robot successors. Ironically, they don’t care about price,”

he mentioned.

Keiser has always been a strong critic of the current financial world and system. He is also known for promoting alternative solutions and views about the economy. Indeed, he has promoted the use of virtual currencies to fight against the power of corporations, banks and other political actors that can affect the finances of the people.

He has also talked about the Venezuelan Petro. He mentioned that it will never be able to compete against Bitcoin since it is excessively centralized.

Bitcoin is still the largest virtual currency with a market capitalization of $73 billion and a price of $4,210.

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