Respected Gold lover Max Keiser has reiterated his previous prediction on Bitcoin, conjecturing that Bitcoin (BTC) will hit $400,000.
The Gold and Bitcoin maximalist had in the past made the same prediction, this he did when there was no medical or economic crisis. Now, despite the COVID-19 pandemic which has incapacitated the world’s economic dealings, the host of The Keiser Report reiterated the same, noting that Gold will also see multiple of value increase, and its price will stay at $10,000 level.
It is close to a decade that Max has been promoting cryptocurrency Bitcoin (BTC) on his show, at this time BTC was around $1.
Max Keiser was among the few who saw a glittering future in Bitcoin. He promoted Bitcoin through the time the cryptocurrency rose to $100, and he was sure the price would go beyond. Max is of the opinion that the U.S. dollar is useless, and would soon become nothing.
Saudis: We’ll keep pumping until demand for oil goes to zero
America: We’ll keep printing until demand for $USD goes to zero
GOLD: $10,000 #Bitcoin: $400,000
— MAX & STACY RIOT 🍊💊 (@realmaxkeiser) April 24, 2020
Raoul Pal See Bitcoin at $1 Million
On the heels of Max Keiser’s prediction, Investor Raoul Pal has also predicted that Bitcoin could go as high as $1 million.
The renowned macro investor made known in the latest issue of “The Unfolding” report that the Bitcoin price could get to $1 million in the next five years. As well, Pal believes Gold could also go as high as five-fold in the same period.
His reasons are that gold already has a market cap of around $15 trillion, it won’t be impossible for Bitcoin to also reach a $10 trillion market capitalization.
Pal said Bitcoin could touch either $100,000 or even $1 million within two years. However, he warned against making short term predictions, especially during this COVID-19 period.
At the time of filing this report, Bitcoin is trading at $7,564 after briefly touching the $7,602 region today.