Max-Keiser-Believes-Institutions-Entering-The-Market-Will-Trigger-A-New-Bitcoin-Bull-Run

Max Keiser, a recognized Bitcoin supporter, and filmmaker explained that Bitcoin will be surpassing $100,000 in the long term. Institutional investors will be key players in order for the digital asset to reach new all-time highs in the future.

Max Keiser Believes Bitcoin Will Surpass $100,000

The cryptocurrency investor Max Keiser believes that the most popular digital currency will be reaching and surpassing $100,000 in the future. According to him, Bitcoin’s bottom close to $3,200 in December 2018 was the beginning of a new bull trend in which Bitcoin would only grow from there.

During a conversation with Kitco News, Max Keiser discussed the cryptocurrency market and how the most popular digital asset is going to behave in the future. According to him, the announcement made by the Federal Reserve that was going to allow permanent quantitative easing was what marked the bottom in the crypto market.

Moreover, he said that as the world is moving into de-dollarization, investors want to search for different ways to protect their wealth and funds. At the same time, he explained that gold is also manipulated. Gold is considered to be a store of value that investors purchase during periods of crisis or economic volatility.

He went on explaining that for Bitcoin to capture a piece of the gold market it would have to be traded between $60,000 and $100,000 per coin. At the same time, he stated that he has $100,000 as a price target and that he has never sold any of his Bitcoins.

Bitcoin has also proved itself as a store-of-value and its market capitalization continues growing over time. He also expects the virtual currency to become more useful and stable in the future. This happens because there is a larger market and because Bitcoin is expanding in the market.

In the near future, there are going to be several services launched for institutions. Fidelity Investments, TD Ameritrade and the Intercontinental Exchange (ICE) with Bakkt.

Currently, each BTC can be bought for $7,900 and it has a market capitalization of $140 billion, as reported by CoinMarketCap.

Get Free Email Updates!

*Action Required* Enter Your Email for Trending Crypto News & Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Coin Market Cap Price Change 24 Hour Volume
BTC $135.15B $7,628.4837 -4.03% $6.6B
ETH $25.87B $243.6803 -4.40% $2.56B
XRP $15.67B $0.3721 -6.35% $746.12M
BCH $6.92B $388.7740 -6.89% $568.94M
LTC $5.43B $87.7131 -3.72% $705.76M
EOS $5.41B $5.9269 -5.64% $700.71M
BNB $4.34B $30.7654 -3.36% $284.57M
USDT $2.93B $1.0011 -0.34% $5.92B
XLM $2.34B $0.1215 -9.34% $51.37M
ADA $2B $0.0773 -8.28% $96.58M

Get 3 Free Bitcoin eBooks for Limited Time Only

Receive three exclusive user guides detailing a) What is Bitcoin b) How Cryptocurrency Works and c) Top Crypto Exchanges today plus a bonus report on Blockchain distributed ledger technology plus top news insights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here