Bitcoin bull Max Keiser, a popular broadcaster as well, is in the latest cryptocurrency news again after making a bold bitcoin price forecast of $100,000 telling the world it is time to accumulate the digital currency.
The host of the Keiser Report on RT media channel noted that the major cryptocurrency is on its way to reaching the six-figure price. He doubled down on the target price earlier this month and now he suggested in an interview with the CNBC Crypto Trader that is only a matter of time when Bitcoin will reach its target:
‘’The timing is immaterial. It is still going to outperform every other asset you can possibly imagine owning over the next 5, 10, 15 years. Forget about timing. Timing is for people who think that ‘I’m going to wait and buy it at a better price.’’ That is a bad way to approach crypto. Stack Satoshis!’’
The reason why the Bitcoin Bull Max Keiser thinks that bitcoin will beat every other investment category is simple. So this means when an asset rises from $5,000 to $100,000 it is going to beat the returns of every other asset. He also believes that it is a bad idea to attempt timing the bitcoin’s rise. According to him, people should accumulate cryptocurrency rather than waiting for a better entry point.
Keiser even recommended that people should not waste time into buying unnecessary gifts but instead should stack Satoshis. It is evident that he is a big-time bitcoin bull. He is also critical of the Federal Reserve and quantitative easing. He noted in the previous altcoin news that the FED’s inclination towards quantitative easing would lead to ‘’ money printing.’’
He also pointed out that the money printing problem can lead to hyperinflation and bitcoin will thrive in an environment like that. His comparison to gold is not the first of the kind. Asset management company Morgan Creek Digital says that the price of the number one asset will hit a stunning $500,000 because it is a better investment than gold.
Keiser believes that people should buy and hold BTC because people can enjoy the gains of more than 1,100 percent if the predictions come true.
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