Max Keiser says $220,000 is in play.
Max Keiser is a constant in a growing sea of voices around bitcoin.
He predicts bitcoin will hit $220,000 in 2021.
In the early days of January, bitcoin has risen an unprecedented $21,000 in 21 days. It’s on a monstrous run-up in the face of additional quantitative easing, COVID complexities, and a struggling US dollar.
Keiser predicts that a major central banks will collapse in 2021.
Central banks are highly leveraged, 50–60–70 to 1 in some cases. He calls it a recipe for disaster that will start an avalanche out of fiat money.
His concern is valid.
In 2017 and 2018, central banks went on a gold buying spree. Why? Because they’re looking for stability and a hedge against both the US dollar and inflation.
Central banks also have a history of buying gold for these exact reasons. They know how to do it. It’s a muscle they’re familiar with.
It is possible that central banks will join the institutional rush toward bitcoin once they become comfortable with the purchasing process.
Bitcoin is separate from the state.
It’s not issued by a central bank. It cannot be tied back to or controlled by the state in any way except tangentiality via regulation.
Every year that passes further strengthens bitcoin’s value proposition. Bitcoin has existed for over a decade and it’s working.
Fiat money is in trouble.
Central banks know this.
Consumers know this.
We’ve watched the US dollar and others fall in value since its inception.
Keiser points out that, historically, all fiat has either gone to zero or has lost nearly all of its value.
Bitcoin is a revolution.
It’s a wakeup call for the global economy.
Bitcoin proves that a better store of value exists.
Even as bitcoin’s store of value quality becomes more prominent than its ability to be truly peer-to-peer, you cannot forget that bitcoin also is an excellent example of borderless money.
There’s a lot to bitcoin.
Much of it is revealed in its simplicity. Keiser points out that newcomers are often those who see bitcoin shoot up in price.
They come for the greed but stay for the revolution.
Profit is a way to gain bitcoiners.
But once you get into bitcoin, you dive deeper into the issues with the global economy and monetary system.
You’re forced to confront the growing list of issues and questions that fiat money and central banks do not yet have an answer to.
Keiser points out veteran investor Paul Tudor Jones’ take on bitcoin. Jones sees bitcoin as undervalued.
Paul Tudor Jones has gone as far as to call bitcoin the fastest horse in the race.
In the basket of both store of value and monetary assets, bitcoin is winning. It continues to outperform traditional assets like gold, fiat currency, bonds, and securities year over year.
Above are the broad strokes for Keiser’s forecast that bitcoin will reach $220,000 by the end of this year.
Keiser is not alone in these types of predictions.
What about $220,000 or $300,000 or higher?
If you haven’t considered such a price appreciation for bitcoin yet, it’s time. For more on Keiser’s 2021 bitcoin forecast, watch his interview with Stansberry Research.