Max Keiser Predicts Bitcoin Astronomical Flight To $220,000 As “All Hell Breaks Loose”

Max Keiser, a well-known Bitcoin advocate and advisor to the president of El Salvador, has expressed an optimistic outlook for Bitcoin’s near-term trajectory.

Responding to a recent CNBC article titled “Signs of Disruption Emerge in Financial Markets,” which discussed a significant shift in the financial landscape from expectations of enduring low-interest rates to the anticipation of higher rates, Keiser took to Twitter on Thursday, stating, “As predicted: All hell breaking loose. Bitcoin $220,000 (short term) in play.” In a subsequent tweet, the 63-year-old noted, “Central banks will print a wall of money visible from outer space.”

Notably, as per the article, this abrupt transformation of the global economy and central bank policies has, in the past year, led to stock market declines and a remarkable surge in Treasury yields, sending shockwaves through businesses and raising concerns about an impending economic downturn.

Keiser’s optimism regarding Bitcoin’s short-term performance reflects his belief that the cryptocurrency can serve as a hedge against potential economic turbulence and inflation resulting from central banks’ monetary policies.

Keiser’s assertions echo those of BitMEX co-founder Arthur Hayes, who tweeted, “We are about to witness the biggest bull market in human history driven by the most amount of money printed in the shortest amount of time,” referencing his latest essay.

In the said essay, Hayes offered a notably optimistic perspective on an impending extraordinary bull market in the cryptocurrency arena. He attributed this optimism primarily to a key driving force: the anticipation that major central banks, such as the US Federal Reserve and others, will undertake an unprecedented surge in fiat currency printing over the next 2-3 years.

This substantial influx of liquidity, humorously termed by Hayes as “toilet paper money,” is poised to catalyze the swift advancement and widespread adoption of artificial intelligence (AI) technologies.

In an interview earlier this week, Hayes predicted that Bitcoin will trade between $25,000 and $30,000 this year but expects it to surpass its all-time high of $69,000 by the end of 2024.

He cited factors such as a growing economy leading to negative real interest rates, Bitcoin’s halving event in April, and the potential launch of more spot Bitcoin ETFs as bullish indicators. Hayes set an ambitious target of $750,000 to $1,000,000 for Bitcoin by 2026, believing it could spark the most significant bull market in financial history.

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• Source: https://zycrypto.com/max-keiser-predicts-bitcoin-short-term-astronomical-flight-to-220000-as-all-hell-breaks-loose/