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Bitcoiner Max Keiser Doubles Down on $220,000 BTC Price Prediction: Details

Tue, 03/21/2023 - 14:02
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Tomiwabold Olajide
Keiser predicts $220,000 BTC price will come in flash
Bitcoiner Max Keiser Doubles Down on $220,000 BTC Price Prediction: Details
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Max Keiser, a pro-Bitcoin advocate and crypto podcaster, continues to stick to his $220,000 Bitcoin price prediction. The Bitcoin proponent has mentioned such a forecast several times in the past year and now this year.

In a new tweet, Keiser predicts $220,000 BTC price will come in a flash, and then the real bull market will begin.

The Bitcoiner was responding to a Twitter user who stated, "They're making the perfect environment for Bitcoin to go parabolic, that's for sure," referring to reports that the Treasury and Fed will need $17 trillion to guarantee bank deposits.

Keiser stated earlier that Bitcoin often thrives on chaos, as it surpasses the $28,000 mark.

Turmoil in the banking sector, hotter-than-expected inflation figures and fresh optimism for a dovish Federal Reserve pushed Bitcoin to levels not seen in about nine months.

Bitcoin (BTC) Prints Extremely Important Signal That Historically Led to Massive Rallies

The biggest cryptocurrency has increased by nearly 25% since March 8, when the first indications of instability around Silicon Valley Bank initially surfaced. That bank has since collapsed, causing unrest among other lenders.

Bitcoin has surpassed $28,000, its highest since June of last year, and is trading at around $28,164 at press time. Since the beginning of the year, Bitcoin has increased by almost 70%.

Former Coinbase CTO Balaji Srinivasan shocked the cryptocurrency community over the weekend with his Bitcoin wager.

Srinivasan made a $1 million bet that the Bitcoin price would reach $1 million in just 90 days, implying a 3,600% increase in the Bitcoin price by June 16, citing the fact that hyperinflation is happening so fast.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.