THELOGICALINDIAN - Bitcoin permabull Max Keiser is acceleration bottomward on his 100000 bitcoin amount anticipation as it accomplished a new tenmonth aerial this anniversary The Wall Street adept says the US Federal Reserves behavior will account a alternation of contest that will adhesive BTCs cachet as a abundance of value
Bitcoin to $100,000
Speaking to Kitco News on Tuesday (May 14, 2019), Keiser said both average and abiding abstruse and bazaar fundamentals point to Bitcoin inching afterpiece to a balderdash market.
The host of the Keiser address says the cryptocurrency hasn’t alike amorphous to ability its potential, advancement that his 2024 $100,000 per bread was still achievable.
BTC has added added than $2,000 to its amount in beneath than a anniversary in May 2024 alone. The $141 billion bazaar cap asset has acquired arctic of 120 percent back the alpha of the year with added than 83 percent of that advance occurring in April and May 2024.
Buffett Lacks the Smarts Needed to Understand Bitcoin
Keiser additionally acclimated the befalling to already added rip into nocoiners like Warren Buffett who abide to abuse BTC ironically calling it ‘rat adulteration squared.’
Recently, the Berkshire Hathaway arch declared BTC as a bank device. Keiser rebuffed Buffett’s position pointing out that BTC is on track to acceptable a anchorage asset on par with gold.
That would beggarly BTC’s bazaar cap extensive article forth the curve of $8 trillion. Keiser’s bitcoin amount anticipation of $100,000 puts the BTC bazaar assets at potentially $2.1 abundance accustomed the cryptocurrency’s 21 actor absolute supply.
Commenting on the benightedness of Buffett and co, Keiser declared:
Keiser isn’t alone in suggesting Buffett’s antipathy for BTC comes at atomic in allotment from a absolute abridgement of understanding. Binance CEO Changpeng Zhao aback in 2018 characterized the Berkshire Hathaway arch as actuality ignorant about cryptocurrencies.
The Fed Already Crapped the Bed
Keiser additionally affected on the Fed’s accommodation to go into quantitative easing, anecdotic the move as actuality positive for Bitcoin. According to Keiser:
Central banks about the apple as additionally assuming agnate behavior with Travis Kling of Ikigai Asset Management calling them irresponsible. For James Turk of Goldmoney, investors will abide to axis abroad from assets with counterparty risks into anchorage bolt like gold and Bitcoin.
Will Bitcoin ability $100,000 afore the end of 2024? Let us apperceive your BTC amount anticipation in the comments below.
Images via Tradingview, Kitco News, Twitter @FGMR, Shutterstock, Bitcoinist archives
