Index Investing News
Friday, May 23, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Why Max Keiser Predicts Bitcoin Worth Will Hit $220,000 Quickly

by Index Investing News
October 19, 2024
in Cryptocurrency
Reading Time: 6 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


Max Keiser, a famend Bitcoin maximalist, doubled down on his Bitcoin value wager with a latest bullish forecast posted to X (previously Twitter). In response to this prediction, Bitcoin will skyrocket to $220,000, and gold will play a vital position on this transfer. This optimistic name from Keiser comes as BTC tagged the $69,000 degree on Friday.

Max Keiser’s $220,000 Bitcoin Worth Wager

Max Keiser’s love for BTC explains his optimism round his latest Bitcoin value prediction of $220,000. The latest tweet additionally considers gold’s affect on Bitcoin, which makes sens contemplating the excessive correlation between Bitcoin and gold.

The brand new ATH Gold value is predicting Bitcoin will commerce over $220,000 very quickly.

— Max Keiser (@maxkeiser) October 18, 2024

He expects gold hitting a brand new all-time excessive of $2,722.54 per ounce as of October 19 might gas the most important crypto asset’s rally as properly. This optimism is sensible, contemplating Bitcoin’s ATH has traditionally preceded substantial rallies in gold.

BTC vs. Gold Correlation
BTC vs. Gold Correlation

This prediction will not be Keiser’s first rodeo, he has been forecasting BTC’s future since 2013. In 2014, it was “Bitcoin will substitute fiat currencies,” and throughout the 2017 bull run, Keiser anticipated BTC value to hit $5,000.

The year-to-date efficiency exhibits Bitcoin is up 61%. To make issues extra fascinating, BTC has shot up by 40% up to now 75 days.

BTC Price Year-to-Date PerformanceBTC Price Year-to-Date Performance
BTC Worth 12 months-to-Date Efficiency

Whereas the prediction is optimistic, BTC must rally greater than triple from the present degree of $69K to hit Keiser’s goal. Will Bitcoin value hit $220,000?

Will Bitcoin Hit $220,000?

Listed below are three the explanation why it’s seemingly for Bitcoin value to hit $220,000 this cycle.

  1. Clear regulation surrounding Bitcoin: The regulation surrounding Bitcoin has change into clear after BlackRock filed for ETF. Furthermore, the US SEC additionally authorized Bitcoin choices on Friday, October 18, 2024. All of those developments solely improve the adoption of BTC, making it essentially robust and able to push greater.
  2. Favorable macroeconomic situations: The US Federal Reserve’s dovish pivot, marked by rate of interest cuts and cooling inflation solely provides gas to Keiser’s forecast. The shift in financial coverage from quantitative tightening to easing has a bullish impact on risk-on property like Bitcoin. Though Keiser’s prediction could appear far-fetched, it does appear seemingly if the Fed continues on this path.
  3. Breakout from seven-month consolidation: The previous seven months have seen BTC consolidate in a downtrending construction. However BTC’s latest uptick to $69,000 helps the resurgence of bulls and a possible begin to the bull run.

Consultants Echo Max Keiser’s Optimistic BTC Worth Prediction

Listed below are some knowledgeable predictions that help Max Keiser’s forecast of Bitcoin reaching $200,000:

  1. Famend dealer Peter Brandt predicts Bitcoin will attain $120,000 to $200,000 by September 2025. He revised his forecast with a better goal after Bitcoin’s robust efficiency.
  2. Enterprise capitalist Chamath Palihapitiya forecasts that Bitcoin will hit $500,000 by October 2025 and $1 million by 2040-2042. He views Bitcoin as a possible international reserve foreign money with distinctive attributes.
  3. Constancy’s Director of International Macro, Jurrien Timmer, anticipates Bitcoin to hit $1 billion by 2038-2040.

Because the cryptocurrency panorama evolves, Keiser’s $220,000 forecast can be intently watched. Will Bitcoin ship one other unprecedented surge or face rejection at $70,000? Solely time will inform.

Regularly Requested Questions (FAQs)

Max Keiser predicts Bitcoin will skyrocket to $220,000, citing gold’s affect and favorable macroeconomic situations.

Keiser expects gold to hit a brand new all-time excessive, fueling Bitcoin’s rally attributable to their excessive correlation.

Clear regulation, favorable macroeconomic situations, and Bitcoin’s breakout from seven-month consolidation help Keiser’s forecast.

✓ Share:


coingape

Akash Girimath

Akash Girimath, an engineer by coaching, has developed a deep fascination with the complexities of cryptocurrency markets. As a senior reporter and analyst, he focuses on crypto evaluation and contributes his experience to notable platforms resembling AMBCrypto and FXStreet. Along with his analytical work, Akash actively trades cryptocurrencies and manages a small crypto fund for family and friends. His position includes offering insightful market evaluation and retaining readers knowledgeable in regards to the newest tendencies within the crypto world. Observe Him on Youtube , X and LInkedIn

Disclaimer: The offered content material could embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.





Source link

Tags: bitcoinhitKeiserMaxpredictsprice
ShareTweetShareShare
Previous Post

Boeing reaches tentative take care of union to finish month-long strike

Next Post

Is It Too Late To Purchase GOAT? Goatseus Maximus Value Soars 41% And This Would possibly Be The Subsequent Crypto To Explode

Related Posts

Bulls Eye .50 With Bullish Tailwinds In Play

Bulls Eye $2.50 With Bullish Tailwinds In Play

by Index Investing News
May 23, 2025
0

Aayush Jindal, a luminary on the earth of economic markets, whose experience spans over 15 illustrious years within the realms...

Arthur Hayes Discusses 0K Bitcoin Goal, M Forward, Altcoin Season But to Ignite

Arthur Hayes Discusses $250K Bitcoin Goal, $1M Forward, Altcoin Season But to Ignite

by Index Investing News
May 23, 2025
0

Bitcoin is primed to skyrocket as Arthur Hayes forecasts $250K by year-end and $1 million by 2028, igniting huge momentum...

Sui validators freeze majority of stolen funds in 0M Cetus hack

Sui validators freeze majority of stolen funds in $220M Cetus hack

by Index Investing News
May 22, 2025
0

Cetus, a decentralized crypto change (DEX) constructed atop the Sui blockchain community, stated $162 million of over $220 million stolen...

Sui DEX Cetus suffers huge liquidity drain, crew denies alleged hack

Sui DEX Cetus suffers huge liquidity drain, crew denies alleged hack

by Index Investing News
May 22, 2025
0

Key Takeaways Cetus Protocol on Sui blockchain was focused by a cyberattack, draining a number of liquidity swimming pools. A...

Bitcoin Approaches Golden Cross With ATH In Sight – How Excessive Can BTC Go?

Bitcoin Approaches Golden Cross With ATH In Sight – How Excessive Can BTC Go?

by Index Investing News
May 22, 2025
0

Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Advert Disclosure Bitcoin (BTC) is nearing a bullish...

Next Post
Is It Too Late To Purchase GOAT? Goatseus Maximus Value Soars 41% And This Would possibly Be The Subsequent Crypto To Explode

Is It Too Late To Purchase GOAT? Goatseus Maximus Value Soars 41% And This Would possibly Be The Subsequent Crypto To Explode

Brazil securities regulator accuses eight former Americanas executives of insider buying and selling By Reuters

Brazil securities regulator accuses eight former Americanas executives of insider buying and selling By Reuters

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

The (No Longer) Secret World of Surf Spots

The (No Longer) Secret World of Surf Spots

June 6, 2022
Talanx buys Liberty Mutual’s Latin America business for 1.38 billion euros By Reuters

Talanx buys Liberty Mutual’s Latin America business for 1.38 billion euros By Reuters

May 27, 2023
Databricks nears multibillion funding spherical at  billion valuation

Databricks nears multibillion funding spherical at $55 billion valuation

December 2, 2024
Nepal T20I Tri-Collection 2022, Match 2: Malaysia vs Papua New Guinea

Nepal T20I Tri-Collection 2022, Match 2: Malaysia vs Papua New Guinea

March 28, 2022
Coinbase CEO Criticizes Chase UK’s Crypto Ban

Coinbase CEO Criticizes Chase UK’s Crypto Ban

September 28, 2023
Christopher Nolan could possibly direct period James Bond films

Christopher Nolan could possibly direct period James Bond films

September 27, 2023
Prediction: Los Angeles FC vs FC Dallas

Prediction: Los Angeles FC vs FC Dallas

June 29, 2022
My Weekly Studying for July 28, 2024

My Weekly Studying for July 28, 2024

July 28, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In