- Max Keiser, a vocal Bitcoin advocate, revisits his earlier prediction of Bitcoin soaring to the $220,000 price level, citing a new reason for such an expectation.
- Keiser believes that the demand shock meets supply shock in the Bitcoin market, leading to a potential surge in Bitcoin’s price.
- Samson Mow, CEO of Jan3, also expects a new Bitcoin all-time high soon, attributing the potential surge to a “Bitcoin Omega candle” on the charts.
Max Keiser and Samson Mow, two prominent Bitcoin advocates, predict a significant surge in Bitcoin’s price, citing the meeting of demand and supply shocks in the market as a key driver.
“God candle is coming; $220,000 in play”
Max Keiser, a Bitcoin maximalist, believes that $220,000 for Bitcoin is “still in play.” He attributes this prediction to the current market situation where Bitcoin “demand shock meets supply shock.” Keiser’s comments were in response to a tweet by user @Vivek4real_, who pointed out that the Bitcoin supply held on cryptocurrency exchanges is drastically dropping, hitting all-time lows. Keiser expects this “God candle” on the Bitcoin chart to drive the price up to $220,000.
Samson Mow expects new Bitcoin ATH soon
Samson Mow, CEO of Jan3, also expects a new all-time high for Bitcoin soon. Earlier this year, Mow predicted a “Bitcoin Omega candle” on the charts that would take Bitcoin towards a staggering goal of $1 million. Mow attributes this potential surge to a “supply shock meeting a demand shock” in the Bitcoin market. He points out that the spot Bitcoin ETFs, which began trading in January, have been aggressively buying roughly 10,000 BTC per day, creating a demand shock for Bitcoin. On the supply side, Mow cites the Bitcoin halving event, which has reduced the daily production of Bitcoin by miners from 900 to 450 BTC as block rewards dropped from 6.25 to 3.125 BTC.
Conclusion
Both Max Keiser and Samson Mow predict a significant surge in Bitcoin’s price, citing the meeting of demand and supply shocks in the market as a key driver. While Keiser expects a “God candle” on the Bitcoin chart to drive the price up to $220,000, Mow anticipates a “Bitcoin Omega candle” that could potentially take Bitcoin towards a staggering goal of $1 million. As the Bitcoin market continues to evolve, these predictions provide a bullish outlook for the future of Bitcoin.
