This week Max Keiser unveiled his latest $2 million Bitcoin price prediction. Keiser has been a Bitcoin advocate for over ten years now, preaching about the crypto coin back when it was under $10.
The reason we follow Keiser’s predictions so closely is because in the past he has proven to be the most accurate predictor. He nailed the end of 2020 Bitcoin price and his 2021 predictions have also been on the money.
Keep in mind past performance and accuracy is no indication that he will continue to be correct. However, it’s definitely an interesting indicator to take a look at.
On the Max Keiser Report, he predicted Bitcoin will increase 40x from here with the price sitting at $50,000 at the time of the interview, implying a $2 million valuation per coin. Also an interesting point on Tesla, we have seen Elon Musk make more profit on his Bitcoin purchase than Tesla has made in profit in its entire lifetime, absolutely insane!
Great to see that Musk went the route of purchasing BTC as opposed to a share buyback to inflate Tesla’s share price.
Will we see the same move from other top S&P 500 companies in the future.
Keiser predicts Bitcoin will hit $220,000 by the end of 2021, let’s see if he nails this year’s prediction once again. In the short term he expects to reach a price target of $65,000 by March/April.
— ☣️ BITCOIN MAXIMALIST (@maxkeiser) January 9, 2021
There are currently over 100,000 Bitcoin and Ethereum wallet addresses holding over $1 million. Bitcoin is the largest wealth creation event in human history and it’s unfolding right before us. This is at an all-time high and up from 40,000 wallets at the end of last year.
Despite such a rapid rise in price we continue to see BTC supply moving off of exchanges into cold storage. There have never been so many wallets with as much dollars in them yet holders are continuing to not sell their Bitcoins.
Usually as the price goes up we see supply move onto exchanges yet we are seeing the exact opposite right now. Based on this, we still have a long way to go before the price reaches it’s peak.