HomeBitcoin NewsMax Keiser: We'll See a $400K Price for Bitcoin

Max Keiser: We’ll See a $400K Price for Bitcoin

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Max Keiser – a bitcoin investor and host of the Keiser Report – believes that the number one digital currency by market cap will spike to $400,000 per unit in the coming years.

Max Keiser: Forget $100K; We’re About to See $400K

Initially, Keiser has long touted a $100,000 price for the digital currency. He’s allegedly been predicting such a figure since the year 2011, but now he’s confident the end price for bitcoin will be four times this, and he’s convinced it will happen because the U.S. dollar is on the verge of collapsing and dying out.

He stated:

My target for BTC since 2011 has been $100,000 and I recently upped that to $400,000. The timing depends on when exactly the USD collapses.

Ever since the United States issued stimulus payments of around $1,200 each to American citizens, it has been widely believed and stated by crypto and financial analysts everywhere that the U.S. dollar is going to die out someday or that it will be subjected to economic strife and inflation. Figures like Elon Musk have criticized the stimulus plan as it simply depended on money being printed out of thin air, which is something Musk and others say cannot occur without serious consequences.

However, it can also be argued that their sentiment regarding the death of the world’s most powerful currency could be a bit premature. For starters, the stimulus package was a one-time thing. While Congress is potentially considering a second round of stimulus aid at the time of writing, this money hasn’t been issued yet and is receiving some disapproval from Republicans, who see that the issuance of further funds could potentially lead to trouble down the line.

In addition, the U.S. dollar is a multi-faceted currency that is being utilized not only in the U.S. but in other regions. Several nations depend on the strength of USD, so the idea that the American government is going to simply let it suffer or fall apart is a bit ludicrous. Perhaps the problem is that crypto analysts are so quick to assume that there are problems with fiat or that it’s unstable they’re rushing to conclusions.

Could the U.S. Dollar Really Fall Apart?

Keiser followed up his initial thoughts with a tweet suggesting that bitcoin will potentially get so big, it will even compete with assets like gold and USD in the future for global dominance over the financial space. He explains:

Love competition. A few years ago, we saw some competition among altcoins trying to take on bitcoin. BTC crushed them and all key metrics proved BTC is running away with the market and no alt survives. Next stop: BTC competes directly with gold and USD for global supremacy.

At press time, bitcoin has jumped up by a few hundred dollars since the weekend and is trading for just over $9,400 again.

Nick Marinoff
Nick Marinoffhttps://www.livebitcoinnews.com/
Nick Marinoff is currently a lead news writer and editor for Money & Tech, a San Francisco-based broadcasting station that reports on all things digital currency-related. He has also written for a number of other online and print publications including Black Impact Magazine, EKT Interactive, Seal Beach USA and Benzinga.com, to name a few. He has recently published his first e-book "Take a 'Loan' Off Your Shoulders: 14 Simple Tricks for Graduating Debt Free" now available on Amazon. He is excited about the potential digital currency offers, particularly its ability to finance unbanked populations and bring nations together financially.

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