Bitcoin evangelist Max Keiser sees big things happening for the crypto space, especially bitcoin. He recently emerged to claim that the world’s number one digital asset will reach a price of $220K at some point in the not-so-distant future.
Max Keiser Predicts Big Things for BTC
While he didn’t give a specific date, Keiser – who is also a trader and podcaster – is echoing sentiment from analysts and bitcoin bulls such as Tim Draper, a venture capitalist who recently explained that the price of BTC could hit a whopping price of about $250K in 2023.
In a recent interview, Keiser stated:
Investments in the bitcoin network have never been higher. That means the security has never been higher, and the price will take care of itself. Tim Draper reiterated his $250,000 call for bitcoin in 2023, and I concur with that entirely. The price will take care of itself. What we want to make sure [of] is the network is stable.
While Keiser is indeed a positive booster for the planet’s main form of crypto, one has no choice but to take his words with a large grain of salt. While bitcoin has indeed incurred a few small rises in recent weeks, it’s nowhere near its all-time high of about $68,000 per unit, which it achieved in November of 2021, and that number was only a fraction of the $200K+ these men are both predicting for the asset.
For bitcoin to jump to this price within the 2023 year, bitcoin needs to spike by more than $200K in just 11 short months. Of course, anything is possible with bitcoin – the asset has proven this time and time again – but it’s hard to assume that such a meteoric rise could occur in such a short space.
The good news that we can report is that bitcoin does, indeed, appear to be on a healing path at press time, and for many traders and analysts, this is likely “good enough” for now. The currency experienced some of the most bearish conditions it’s ever faced over the last 13 months, and the currency ended the 2022 year at just over $16,000, a more than 70 percent dip from its all-time high.
Furthermore, the crypto space wound up losing more than $2 trillion in overall valuation. The bad news that marked 2022 ranged from bankruptcies to fraud cases involving some of the most prominent crypto exchanges in the world like FTX.
FTX Has Been Factored In
However, Keiser is confident that at this stage, all that negative hype and hoopla has been factored into bitcoin’s present price, and thus the currency can have a solid year ahead of it where it spikes further and further without issue.
Finishing his interview, Keiser described FTX founder and former chief executive Sam Bankman-Fried as “very shady.”
Source: https://www.livebitcoinnews.com/max-keiser-btc-will-move-beyond-200k-this-year/