The crypto figure and crypto investor Max Keiser remains bullish about Bitcoin’s future. Indeed, he considers that the most popular digital asset could reach a price of $400,000 per coin during the next bull run. This is the first time that he makes an adjustment in the price prediction he made for Bitcoin (BTC).
Max Keiser Bullish About Bitcoin
In a recent conversation that he had with the conspiracy theorist Alex Jones, Keiser renewed its price prediction for Bitcoin’s price. He stated that for the first time in eight years, he raised his Bitcoin price target to $400,000.
It is worth mentioning that Bitcoin started a bull market in early January. The virtual currency started growing and the whole crypto market followed behind. That means that traders and crypto enthusiasts are excited about the future of Bitcoin and virtual currencies.
Moreover, Keiser stated in the past – when Bitcoin was close to $1 – that the virtual currency could eventually reach $100,000 per coin in the future. Although this first prediction was not yet achieved, it may happen in the future if Bitcoin grows five times from its all-time high of $20,000 reached at the end of 2017.
There are many investors and analysts that believe that it is too late to invest in Bitcoin (due to its massive price increase over time). Nonetheless, Keiser believes that there is still a place for extraordinary returns in the coming years.
Bitcoin was able to grow from below $7,000 at the beginning of the year to over $10,500 a few days ago. Although Bitcoin is now being traded below $10,000, it does not mean that the bull run started in 2020 is over. Indeed, many consider that as this is a year in which Bitcoin will experience a halving event, the virtual currency could massively surge in the coming years, especially between 2020 and 2021.
If that happens, Keiser considers that Bitcoin will be growing 40 times and reaching a price level that many consider impossible. Nonetheless, it is worth remembering that other analysts such as Tim Draper believe that Bitcoin could move towards $250,000 in the future. Meanwhile, others suggest it can skyrocket to $100,000.
Now, it is time to wait before reaching new numbers. Indeed, it will be necessary for Bitcoin to move towards $20,000 before being able to hit new highs.