The outspoken proponent of Bitcoin Max Keiser has returned to the X social media site to offer the astounding Bitcoin price forecast he still stands by. This time, he said in a tweet how soon he anticipates the most popular digital currency to reach this price, which supporters of Bitcoin view as a positive development and detractors as an impossibility.
Bitcoin at $220,000, here’s when it may happen: Keiser
Keiser wrote in a tweet that many people frequently ask him when Bitcoin will hit $220,000. He stated it is important to remember that “Bitcoin trades at these levels AFTER social unrest and societal breakdown are irreversibly causing havoc.” Due to the terrible turn in geopolitical events in numerous nations at this moment, societal discontent is currently seen in several major cities throughout the world.
Keiser wishes everyone success while cautioning that everyone should “prepare for higher prices AND economic collapse,” with Bitcoin owners in particular.
https://x.com/maxkeiser/status/1714177017589977362?s=20
El Salvador, which just banned fiat currency and accepted Bitcoin as its official currency, is where Keiser and his family presently reside. Since that time, Keiser has worked as a Bitcoin advisor for Nayib Bukele, the president of the nation.
He asserts that the amount of crime and violence in El Salvador has drastically decreased after Bitcoin adoption, compared to what was experienced there previously.
Bitcoin briefly jumps above $29,000 on fake news
On October 16, Bitcoin unexpectedly saw a 10% increase following rumours that the American regulator, the SEC, supposedly approved the Bitcoin spot ETF iShares submitted for evaluation by BlackRock. The story was reported by prominent mainstream media sources as well as certain cryptocurrency websites.
When this news was announced to the cryptocurrency market, Bitcoin immediately increased to the $29,900 mark. The biggest fund manager in the world, BlackRock, immediately disputed it as a hoax. According to BlackRock’s president, the SEC is currently reviewing the file. 8% of Bitcoin’s recently greatly enhanced value was lost in an instant as it dropped back down.
The tweet added that the SEC itself is the finest source of information regarding the SEC and that the SEC itself has also issued a post on the X app advising the community to only obtain information from reliable sources.
Buy the dip season about to start?
After yesterday’s volatility, Bitcoin gained 1.17% today and is currently trading at $28,500. After what happened on Monday, prominent crypto trader and analyst Michael van de Poppe tweeted that he is “positively surprised” that BTC is already trading above the $28,000 mark. He now anticipates that if Bitcoin drops below $27,700 or perhaps $27,300, a “buy the dip” season would begin.
