Main navigation

This Expert Is Standing by His $100,000 Bitcoin Price Prediction

Wed, 15/05/2019 - 18:24
This Expert Is Standing by His $100,000 Bitcoin Price Prediction
Cover image via U.Today
Read U.TODAY on
Google News

Max Keiser, who is known for this vitriolic critique of the US dollar, has always been among Bitcoin’s most ardent proponents. During his recent interview with Kitco News, Keiser reaffirmed his $100,000 prediction for 2019.

Here’s the Most Reasonable Explanation Why Bitcoin’s Price Surged to New Highs

The bottom has been reached

As reported by U.Today, Bitcoin is already the top-gaining asset this year, outperforming the S&P 500 by a huge margin. However, according to Keiser, the ‘crypto king’ is yet to reveal its full potential this year after surging by more than 83 percent in less than two months.

It is clear that BTC bottomed out in December when its price reached $3,200. Around the same time, the US Federal Reserve bank opted for permanent quantitative easing (QE), which was a surefire indicator for Keiser that the number one coin had already hit its lowest point.

Keiser points out the fact that Whole Foods and Fidelity are jumping feet-first into Bitcoin, which will drive mainstream adoption.     

FOMO is going to jump to the institutional level. They’ve got big bucks. And now we are going to see some big moves.”

Max Keiser: Tether Is 74 Percent Backed, FED Is 1 Percent Backed

Warren Buffett doesn’t get it  

Keiser also took a jab at Warren Buffett since he simply cannot adapt to the new digital era. According to Keiser, the Oracle of Omaha doesn’t have the wits to understand Bitcoin.

He’s [Buffett’s] too mired in his ways, he can’t adapt, he’s not agile, he hasn’t got the brain power for it [Bitcoin].”

Buffett, who has a net worth of around $84.2 bln, infamously called Bitcoin ‘rat poison squared’. Recently, he came up with a new metaphor – a ‘seashell’.


Latest Press Releases

Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
ApeX Protocol Partners with Alertatron to Enhance Automated Trading Capabilities
TeachMeCode Institute Announces Grand Opening of Cutting-Edge Dubai School
RHUNA Launches to Revolutionize the Events and Entertainment Industry with Fintech Innovation
Our social media
There's a lot to see there, too

Popular articles