In a recent development, Bitcoin advocate and crypto advisor to the President of El Salvador, Max Keizer, made a future prediction for the Bitcoin price. Thus, Keizer joined the ranks of analysts making bold claims about BTC’s trajectory.
Max Keiser predicts Bitcoin price will rise to $220,000
In a post on the social media platform X, Max Keiser states that the Bitcoin price will experience an explosive rise to $220,000 in the short term. However, it does not specify how long it will take for the crypto token to see such a rally. He also makes this claim in response to an article published on CNBC. Keizer later claims in a post that “Central banks will print a wall of money visible from space,” reiterating that Bitcoin will rise to $220,000. Keizer’s belief is based on the assumption that many people will use BTC as a shelter against rising inflation.
He even implies that the US dollar is losing its purchasing power “very quickly.” Years ago, he says, paying $100 for a burger seemed like a joke. However, he gives the example that he spent “84 dollars for a very ordinary hamburger.”
The famous Bitcoin forecaster also agrees with Max Keizer!
Meanwhile, Max Keiser has been supporting the leading cryptocurrency for a long time. In 2011, Keizer called Bitcoin “the currency of the resistance” and “the biggest story of the decade.” In addition, he has always touted a financial crash as what would trigger a massive rally in Bitcoin price. He then stated that Bitcoin adoption and price will increase as banks collapse.
As you follow from Kriptokoin.com, BitMEX co-founder Arthur Hayes shares similar feelings with Keizer. He recently said the government would resort to printing money to save the bond market. He stated that this would lead to a huge increase in the price of Bitcoin and other cryptocurrencies.
BTC bulls are struggling to maintain control. Source: TradingviewIs inflation good or bad for crypto?
There are differing opinions on how rising inflation will affect Bitcoin and, by extension, the crypto market. People like Keizer and Hayes see rising inflation as bullish for BTC. Others, such as crypto analyst Nicholas Merten, argue that inflation will create more problems for Bitcoin. According to Merten, since there is excess money in the system due to “excessive money printing,” the Federal Reserve must continue to raise interest rates to reduce the inflation rate. Meanwhile, Bloomberg analyst Mike McGlone also draws attention to rising interest rates. McGlone warns that rising interest rates will cause further declines in the price of Bitcoin.
There also seems to be a correlation between stock and crypto markets. Therefore, it is possible that any financial crisis could significantly impact Bitcoin and the crypto market. Therefore, Bitcoin and the crypto market are not isolated.
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