Former Wall Street trader and host of the RT program Keiser report; Max Keiser said that he believed Bitcoin (BTC) will break the $15,000 mark this week. This seems like quit the prediction, seeing as the cryptocurrency’s price has been hovering around the $10,000 mark for weeks.
In a tweet sent on Aug 3, Max Keiser said that he had a feeling that Bitcoin would cross the $15,000 mark in the coming week. He further stated that the general public was increasingly losing confidence in traditional local and financial authorities, with confidence in central governments, central banks, and centralized fiat money being at its lowest in decades according to him. He noted;
“I’m confident. So I just burned another $10,000 in $USD shitcoin. Correlation does not equal causation, but whenever I burn a few thousand $USD, BTC price goes up significantly.”
Keiser’s predictions seem to be in line with a report released by digital asset research firm digital Delphi Digital which said that the current macroeconomic environment was setting the stage for “perfect storm” which will ignite Bitcoin price appreciation. According to the report;
“First, and arguably most important, sentiment from global central banks took a drastic turn towards more dovish monetary policies. The Fed, ECB, BOJ, PBOC, and many others are now preparing market participants for more rate cuts and additional stimulus measures as they attempt to keep the current economic expansion going.”
Back in June, Keiser was very vocal against the Bitcoin naysayers and led in the frontline against cynics who openly expressed the opinion that cryptocurrencies were a scam. As the price went just above $11,000, Gold enthusiasts were adamant that BTC was still inferior to Gold, for the most part due to its price volatility. Keiser also commented on Bitcoin touching new all-time highs in regard to its hash rate, stating that hash rate is a good indicator of price movements.
At press time, Bitcoin was trading at $10,946, up 1.19% on the day according to data from Coin360. If Max Keiser’s predictions are to hold true, then the BTC markets have less than 5 days to jump by 27% to reach the $15,000 prediction mark. Such a move seems unlikely, but if it happened it would definitely have commentators, analysts, and enthusiasts, preparing for 2017 like BTC price boom, since they will all buckle up for a rally beyond the 2017 BTC peak of $20,000.
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