Famous Bitcoin 
$68,412 Max Keiser, maximalist, said in his latest analysis that the price of Bitcoin will rise to $ 220,000. Keizer thinks that gold will also play an important role in this rise. While Bitcoin reached the $ 69,000 level on Friday, Keizer’s optimistic outlook attracts attention.
$220,000 Bitcoin Prediction
Considering the high correlation between Bitcoin and gold, Keizer said that gold will also contribute to the rise of Bitcoin.
“The new gold price record indicates that Bitcoin will soon be trading above $220,000.”
Keizer thinks that gold reaching $2,722.54 per ounce as of October 19 will accelerate Bitcoin’s rise as the largest crypto asset. Historically, Bitcoin’s all-time highs have heralded significant gains in gold.
Keizer has been making predictions about the future of Bitcoin since 2013. Keiser, who predicted that Bitcoin would replace fiat currencies in 2014, said that Bitcoin would reach $ 5,000 in the 2017 bull market.
Possibility of Bitcoin Reaching $220,000
There are three main reasons that make Keiser’s $220,000 prediction more likely to come true:
- Clarifying Regulations Around Bitcoin: BlackRock’s ETF application and the US SEC’s approval of Bitcoin options are increasing Bitcoin adoption, paving the way for the price to rise.
- Favorable Macroeconomic Conditions: The US Federal Reserve’s reduction in interest rates and the slowdown in inflation contribute to the appreciation of Bitcoin, which is a risk asset.
- Exit from Seven-Month Consolidation: Bitcoin, which has been consolidating in the lower trend in the last seven months, rose to $ 69,000, indicating the beginning of the bull market.
Experts Support Keizer’s Forecast
There are some expert opinions that support Keizer’s prediction that Bitcoin will reach $ 220,000:
- Famous trader Peter Brandt predicts that Bitcoin will hover between $120,000 and $200,000 by September 2025.
- Venture capital investor Chamath Palihapitiya predicts that Bitcoin will reach $500,000 in October 2025 and $1 million in 2040-2042.
- Fidelity’s Global Macro Director Jurrien Timmer expects Bitcoin to reach $1 billion between 2038-2040.
Such predictions about the future of Bitcoin price offer important indicators that investors should follow carefully. In particular, regulatory developments and macroeconomic conditions may affect Bitcoin’s long-term performance.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
