New forecast from Bitcoin bull Keiser, who knows the 2020 Bitcoin (BTC) price
Max Keiser, a Wall Street veteran and Bitcoin advocate, thinks Bitcoin will see a big rise this year. That’s because of the monetary policies of central banks. Keizer had made an accurate prediction two years ago. He said Bitcoin would be end of 2020 at around $ 28,000. The bitcoin bull is now back with another year-end forecast.
In a new interview with Stansberry Research, Keizer said Bitcoin could rise about 550% from its current price before the end of 2021.
“I’m putting a target of 220,000 on bitcoin as a 2021 target, and that will bring us a market valuation of $ 4 trillion, which I think is a good 2021 target. We’ll get the gold. This will take us closer to the valuation of gold, not exactly half the value of gold.
I think the catalyst, as I said, could be money printing in addition to the bankruptcy of a major central bank.”
Keiser also predicts there will be turmoil in macroeconomics. One of the major central banks will go bankrupt next year, he said:
“One of my predictions is that one of the world’s largest central banks will go bankrupt in 2021.”
A central bank will collapse in 2021, creating a snowball effect. Bitcoin will benefit the most from the exit of fiat money and paper money. This is one of the catalysts for [Bitcoin’s] price appreciation in 2021.”