Hey folks. I don't know if you would know about the recent claim by Max Keiser, who is the crypto advisor to the President of El Salvador. Keiser thinks Bitcoin could hit $220,000 soon. Max Keiser is a Bitcoin enthusiast and has made a bold statement about the Bitcoin price.
Keiser in a Tweet on X (formerly known as Twitter) shared that he thinks Bitcoin price will go up a lot reaching $220,000. This statement is shared in response to an article by CNBC about the current financial market which is facing some challenges due to worries about the economy and rising inflation.
However, Keiser didn't mention when exactly this might happen.
Keiser has been a big supporter of Bitcoin for a long time. Back in 2011, he called Bitcoin, "the currency of resistance" and one of the "biggest stories of the decade". He always thought Bitcoin could face mass adoption when traditional banks collapse.
He believes when banks print a bunch of money leading to a massive increase in the money supply that's where Bitcoin comes in and it's seen as a hedge against rising inflation.
The claim from Keiser to me is an exaggeration and I don't think Bitcoin could go up to $220,000 in the near future. However, the crypto market is a crazy market with high price swings and volatility, so anything could happen here. But I personally don't see this happening sooner.
This is not a financial advice.
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