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CHINA’s Bitcoin crackdown has caused the nation’s miners to flee en-masse and set up operations in the US, with one expert Max Keiser stating the move affirms his price target of “$220,000 BTC for 2021”. Referring to the move by China Bitcoin pioneer Max Keiser, speaking to Express.co.uk, said: “China doesn’t have the moral character to mine bitcoin.
“America and El Salvador do. The difficulty adjustment has decreased to accommodate the transference of mining out of China and will increase when the move is completed. I’m keeping my $220,000 BTC price target for 2021.”
In other trending Bitcoin News today: PlanB Outlines ‘Worst Case Scenario’ for 2021 As Bitcoin and Crypto Markets Tumble! In August, PlanB says BTC will likely rise above $47,000. In September, he sees a shift lower, with BTC holding above $43,000.
In October, PlanB believes the market will begin a rapid ascent, hitting $63,000. He forecasts the rally will continue through the remainder of the year, with Bitcoin hitting a whopping $98,000 in November and $135,000 in December.
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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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