Max Keiser: Bitcoin Prediction Was $100k And Is Now $400k
Max Keiser has changed his Bitcoin price prediciton from $100K to $400K and feels Bitcoin’s value will coincide with the US dollar’s collapse:
Bitcoin Price Will Hit $400,000 When USD Collapses, Analyst Predicts
Bitcoin investor and Keiser Report host Max Keiser increased his Bitcoin price prediction from $100k to $400k, explaining that the increase in value will coincide with the U.S. dollar collapse.
Keiser said the reason for new all-time highs in the stock market is not because the economy is doing well, but because “the currencies are collapsing.” He told Cointelegraph when the dollar collapses, the Bitcoin will gap higher “by 10,000 at a clip” before making a run to $400k.
“My target for BTC since 2011 has been $100,000 and I recently upped that to $400,000. The timing depends on when exactly the USD collapses,” said Keiser.
His previous price prediction was $100k in 2011. Keiser noted that the bigger U.S. debt is an important factor, warning that when “interest on the debt gets close to 100% of the GDP, America will officially be a failed state.” He predicts this might happen in 5 years when short interest rates go back to 5%.