Bitcoin will Surge 500% this Year as Cash Returns to Crypto-Max Keiser

In a new interview on The Wolf of All Streets podcast, Max Keiser predicts that a flood of cash signifies Bitcoin will surge a 500% price increase by the end of 2021.

Max Keiser Predicts Bitcoin Will Surge 500% By This Year Due to Cash Returns

Max Keiser, an early Bitcoin investor, and the proponent is bewildered by the latest crypto market to fall.

“When corporate America’s options for evading the Bitcoin reality run out, they’ll have to make the switch. I believe it will occur in 2021. My price target for Bitcoin in 2021 is $220,000 per coin. It’s an aggressive price estimate, but it’s based on the US currency collapsing.”

Keiser sees MicroStrategy’s initial $1 billion Bitcoin acquisition, led by CEO Michael Saylor, as the tipping point for a new era of corporate Bitcoin investing.

“He’s thrown down the challenge. As a result, every CFO, CEO, and board member of every publicly traded firm must now accept that.”

Bitcoin vs.Gold

Keiser also cites statements from famed institutional investor Paul Tudor Jones, who claims that Bitcoin is a digital representation of gold that is likely the fastest horse in the race in an inflationary environment.

“Institutions are learning that inflation is not a fad. It is non-religious. It is structural. It’s staying for the long haul. And if you don’t protect yourself, you’ll be wiped out. And, as Paul Tudor Jones put it, Bitcoin is the fastest horse in the race when compared to gold, for example. As a result, this wave – a flood of cash– returns to Bitcoin.”

Bitcoin & Gold Are Relatively Compatible

Bitcoin and gold were examined to see which asset could be used as a hedge and why.

“Bitcoin is the currency of the future because it has proven to be an escape currency, a method to get your purchasing power into something relatively safe.” He claims that “Bitcoin and gold are in reality complementary to one another because gold’s flaws are bitcoin’s strengths,” and vice versa.