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RT host of the Keiser Report, BTC pioneer Max Keiser shared his latest Bitcoin prediction on Crypto Twitter in the following recent tweet:
âWeâre in a post nation-state, post sovereign currency as entire world becomes obsessed with Bitcoin. PREDICTION: Millions of people around the world will logically buy BTC instead of paying taxes. Governments will be powerless to stop this.â
When it comes to an actual BTC price prediction, Max also shared the following:
âJust to be clear, the risk of buying Bitcoin today HAS NEVER BEEN LOWER and the upside is still huge, like 80x. This is why institutions are pouring in now. The risk has never been lower.â
For BTC to 80x from the time of his bullish prediction, would put the Bitcoin price at about $1.4 million per BTC.
In other trending Bitcoin News today:
Macro Guru Raoul Pal Reports Game-Changing Crush of Institutional Money Pouring Into Bitcoin, Updates BTC Price Prediction
Former Goldman Sachs fund manager and current Real Vision CEO Raoul Pal says heâs witnessing an unprecedented crush of institutional money buying Bitcoin.
In a new interview with CTâs Giovanni Pigni, Pal says BTCâs return to near $20,000 levels is just the beginning.
âFrom what I know, and I know a lot of people in the industry, they are all onboarding institutional clients, family offices, endowments, at an enormous pace. But $20,000 here is not the same as $20,000 back then [in 2017]. Back then it had gone up 100 fold when it got up to $20,000, we havenât even started this yet.
Later on, when things get speculative, we will see something similar potentially play out. But the difference is, where these guys are getting it wrong, is theyâre saying, âPeople arenât as interested.â Ya, but the real money is interested and thatâs a game changer.â
Pal says Bitcoin is one of the most unique trades heâs ever seen, and the top cryptocurrency will likely benefit in the months ahead regardless of which direction the global economy takes.
âRegardless of whatâs going on, that money is coming. Letâs look at the reasons. I have a feeling the vaccine takes until Q3 next year before itâs really rolled out. We look at the European economy, it is falling fast. I donât know how theyâre going to deal with Christmas and the New Year. The US economy has got the same problems.Â
I think it goes into lockdown in January and February once the Biden administration comes in because the virus over Thanksgiving, New Year, and Christmas is going to grow substantially. I think weâve got problems in India after Divali, where youâve got hundreds of millions of people together celebrating and I think weâre going to get a big second wave in India.â
Pal is updating his prediction for the current Bitcoin cycle. He says $150,000 is likely on the low-end, but he believes PlanBâs controversial estimates in the upper $250,000 range may end up being too conservative.
âIf I was to be conservative, Iâd say $150,000. If Iâm to be realistic knowing what I know about the flow of funds, I have a feeling that PlanBâs model is going to underprice the upside. I know everybody thinks on this cycle the price will be lower. I just donât see it because of the amount of money coming into the space.Â
I actually have a feeling it might be above his target of about $250,000 but I donât know. But I like that optionality. Worst case $150,000, best case north of $250,000. I mean, find me another trade in the world that looks like this.â
Pal, who is a longtime crypto investor, says he can afford to take a big risk on Bitcoin and now has about 75% of his liquid net worth in BTC.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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Ok, last bomb â I have a sell order in tomorrow to sell all my gold and to scale in to buy BTC and ETH (80/20). I dont own anything else (except some bond calls and some $’s). 98% of my liquid net worth. See, you can’t categorize me except #irresponsiblylong Good night all.
â Raoul Pal (@RaoulGMI) November 30, 2020
Weâre in a post nation-state, post sovereign currency as entire world becomes obsessed with #Bitcoin PREDICTION: Millions of people around the world will logically buy BTC instead of paying taxes.
Governments will be powerless to stop this.
â Max Keiser (@maxkeiser) November 29, 2020
https://cointelegraph.com/news/record-gold-outflow-isn-t-going-into-ripples-only-bitcoin-says-fund-manager
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