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Bitcoin Maximalist Max Keiser, co-host of the Keiser Report and Orange Pill Podcast recently spoke with Kitco news and shared the following BTC predictions:
“There is no top price for Bitcoin because there is no bottom for fiat money” said Max. Fiat money is currency which does not have intrinsic or use value on its own. It only has value because the government maintains its value.
If you are going to price Bitcoin and fiat money, the price is infinity, because fiat money has no bottom, while Bitcoin has no ceiling.
If you priced it in ounces of gold, that would be a more valid way to price it,” Keiser continued. “I am not sure exactly what the exchange rate is for an ounce of gold is to Bitcoin. But whatever it is, you can multiply it by a hundred times and that’s where we are headed.”
In other trending Bitcoin News today: Looming Test for Bitcoin Could Determine Strength of Bull Market!
Crypto analyst Benjamin Cowen says Bitcoin (BTC) will face a critical test this September that could determine the future of its bull market.
In a new strategy session, Cowen claims that in September of each year since 2017, Bitcoin tested the 20-week moving average and either bounced off it or plunged through it.
“August can actually be a fairly decent month for Bitcoin. But what’s more interesting to me is September. Why? Because every September for the last four years Bitcoin has tested the 20-week moving average.”
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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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