- Keiser shared his thoughts on his previous $220,000 BTC price target, noting that “social unrest” and “societal collapse” are required to reach those levels.
- Amidst the chaos caused by the COVID-19 pandemic, investors and retail traders have started looking for assets that can serve as a hedge against rising fiduciary inflation.
- Keiser questioned whether the recent legislation against short selling implemented by U.S. financial regulators would be enough to prevent “big players like BlackRock” from dragging down prices.
Renowned Bitcoin advocate Max Keiser has provided a more detailed explanation of his Bitcoin price prediction, suggesting that BlackRock could be manipulating Bitcoin!
Keiser Details His Bitcoin Price Prediction
Max Keiser, the President of El Salvador-based Bitcoin mining venture Volcano Energy, shared his thoughts on his previous $220,000 BTC price target, stating that “Bitcoin trades at levels where social unrest and societal collapse are irreversibly damaged.”
Amidst the chaos caused by the COVID-19 pandemic, investors and retail traders have started looking for assets that can serve as a hedge against rising fiduciary inflation. With nearly all major economies shutting down this year and the Federal Reserve working overtime on its printing presses to send stimulus checks to households during the rise in unemployment, investors speculating on future Bitcoin prices have found their interest piqued.
The next Bitcoin halving is set to occur on April 24, 2024. Binance CEO Changpeng Zhao advised the crypto community to remain patient and lower their expectations, stating that the Bitcoin price wouldn’t “reach all-time highs overnight.”
Keiser Accuses BlackRock of Price Manipulation
Max Keiser has long been known as a Bitcoin advocate and is the founder of Volcano Energy, a BTC mining venture aiming to create a 241 MW renewable energy production park in the Mapatán region of El Salvador.
On the same day, Keiser suggested that the new legislation implemented by U.S. financial regulators against short selling “won’t stop big players like BlackRock from being able to drive prices down.”
Short selling involves two parties: the broker and the seller. In short, the seller does not own the shares they are trying to sell because the broker hasn’t deposited the shares into the investor’s account first. This allows traders to sell non-existent, unlimited shares and manipulate a company’s price.
Great Interest in BTC
Others are predicting prices above $100,000 by 2025. In line with CZ’s statements that BTC will hit all-time highs the year after the Bitcoin halving, technical analyst CryptoCon set his price target at $138,000.
The analyst conducted experiments to predict possible outcomes for Bitcoin’s cycle peaks, using various models for trends and price patterns. The results ranged from over $128,000, $135,000, with the highest being $140,000.
