Max Keiser has given his eagerly awaited 2021 Bitcoin price prediction, telling everyone he believes BTC will reach $220,000 sometime this year.
The tv presenter’s bullish outlook was made live on an interview on Stansberry Research yesterday, and Keiser said the catalyst that will drive the Bitcoin price up so high would be one of the main central banks collapsing.
‘One of the major central banks will collapse in 2021,’ said Keiser. ‘And that will start an avalanche out of fiat money, and the top beneficiary of that will be Bitcoin.’
Keiser explained how he sees Bitcoin as a ‘protest against fiat money, central banks, authoritarianism’ and believes the nation state will eventually ‘dissolve’.
Printing Press To Go Weimar Republic as Bitcoin and Precious Metals Reap Benefits
Max Keiser’s Bitcoin price prediction was one of the most highly anticipated after the famously outspoken economist gave the closest prediction for 2020.
For more than 18 months Keiser called a $28,000 high price prediction in 2020, with the actual closing price at $28,571.
Keiser said the central banks collapsing and the printing presses would end up as bad as the Weimar Republic, helping drive the Bitcoin price up on its way to flippening gold, eventually.
‘I’m going with $220,000 as a 2021 target, and that would bring us up to over $4 trillion market valuation,’ said Keiser.
‘We’re gonna catch up to gold. That would bring us up to not quite half of gold’s valuation, but getting close… The catalyst will be a major central bank failing. Plus the money printing is going to absolutely Weimar Republic.’
Keiser, who unlike many Bitcoiners, is still bullish on gold and silver, and sees the price of gold going up more than 50% in the same time frame.
The former stand up comedian is also bullish on silver, saying it will more than treble, but he said their bullish rise would be slowed by Bitcoin taking some market share.
‘Gold goes above $3,000… It’s still the primary asset for all central banks and still the base layer that runs the global economy,’ said the RT frontman. ‘Silver is gonna be well over $100. If it wasn’t for Bitcoin those things would look awesome, but you know Bitcoin is gonna 10 to 20 X those thing’.
Once Above $40k We Could See ‘Gap Pricing’
The Bitcoin price has rebounded nicely from Monday’s drop to $29,063 and we have seen another new all-time high earlier today, hitting $36,222 before retracing to $34,647 at time of writing.
And as the Bitcoin price rises higher and breaches $40,000, institutional fomo could introduce ‘gap pricing’, according to Max Keiser.
‘Once you get above $40,000, and the panic buying from institutions comes in, you can see $42,000 and then the next print will be $44,000.’
Max Keiser As Bullish on Bitcoin As Ever
Max Keiser has always been bullish on Bitcoin, and has been accumulating and telling everyone to buy Bitcoin since it was $1.
The former Wall Street trader’s past Bitcoin price predictions were closer than any other price analyst or economist, so his 2021 prediction was eagerly anticipated.
We have had many price predictions ranging from Nouriel Roubini Doctor Doom’s $0 to PlanB’s Stock-to-Flow $288,000 model prediction.
Other analysts such as Dan Held, Willy Woo and Preston Pysh are on record as saying we could reach escape velocity and might have entered a supercycle.
If that’s the case, the cycle will run longer than expected. And with that so will the Bitcoin price.
How much should I invest in Bitcoin?
Bitcoin is a new technology, and an asset that is finding its value. It has great potential, but the price is volatile, so investing in it should only be for those who understand it and have faith in it. And only invest as much as you can afford to lose.
Can you buy less than 1 Bitcoin?
Yes. Every Bitcoin can broken down into 100 million bits. They are known as satoshis, after the pseudonymous creator Satoshi Nakamoto. And some companies will let you buy as little as $1 worth of Bitcoin, which at time of writing is worth about 11,000 satoshis. There are many companies that have a system for dollar cost averaging (DCA). This is a great way to buy Bitcoin, and is known in the space as ‘Stacking Sats’. Basically, what you do is set up small automatic, recurring payments to buy Bitcoin (or sats), and you DCA over time.
Can you lose money on Bitcoin?
You certainly can lose money on Bitcoin. Many new investors see the gains Bitcoin has made and expect it to always be so. But the truth is, Bitcoin’s gains have come from buying Bitcoin and holding on long term and riding the market. People expecting only gains, quickly lose faith when it crashes and lose money. The best way to avoid losing money is buy Bitcoin and hodl.
Where can you buy Bitcoin in the US?
Pablo is a writer at Bitcoin Maximalist. Originally from Spain, Pablo grew up in the UK, and loves clubbing and gaming. Pablo is a keen Bitcoiner and loves to share his wisdom to help spread the good news of Bitcoin.