Max Keiser, a Wall Street veteran and Bitcoin advocate, thinks that Bitcoin will have a big boost this year due to the monetary policies of central banks. Keizer made a correct prediction two years ago, saying that Bitcoin would end the year 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 that Bitcoin could increase by about 550% from its current price before the end of 2021.
“I put a target of 220,000 in Bitcoin as the 2021 target, and this will bring us a market valuation of $ 4 trillion, which I think is a good 2021 goal. We will catch the gold. This will lead us to approach the valuation of gold, not exactly half the value of gold.
I think the catalyst, as I said, could be minting money in addition to the bankruptcy of a major central bank. “
Keizer also predicts that there will be turmoil in the macroeconomy. According to him, one of the major central banks will go bankrupt next year:
“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, which will snowball. Bitcoin will benefit the most from the exit from fiat and paper money. This is one of the catalysts for [Bitcoin’s] price appreciation in