Max Keiser: Fed’s Endless Printing Press Will Launch Bitcoin to $100,000
Max Keiser predicted that the Federal Reserve’s printing press addition would launch the bitcoin price to $100,000. | Source: AP Photo / Jacquelyn Martin (i), Kitco News/YouTube (ii).
By CCN: U.S. financial news and opinion broadcaster Max Keiser is a textbook hodler. For the host of the Keiser Report on RT to dispose of the bitcoin he has been accumulating since 2011, his price target of $100,000 will have to be achieved first.
The Fed Triggered This Bitcoin Rally
Speaking to Kitco News, Keiser said that since acquiring his first bitcoin eight years ago, he had not sold any of it. According to the broadcaster, this is “because my price target is $100,000 and beyond.”
This is not the first time Keiser has stated that bitcoin will reach $100,000. In his view, this price target will be realized as bitcoin transitions from being a “store-of-value commodity thing to a medium of exchange to a unit of account.”
Regarding bitcoin’s recent rally, Keiser explained that it was triggered by the U.S. Federal Reserve signaling more quantitative easing.
This, according to Keiser, was a message that the Fed had not learned from its past mistakes. It would, therefore, would print more dollars without any “accountability,” further debasing the reserve fiat currency.
As a result of the Fed’s intent, wealthy investors sought refuge in bitcoin, igniting the crypto market’s meteoric ascent.
The financial news and opinion broadcaster also suggested that the recent #DropGold campaign by Grayscale Investments may have contributed to bitcoin’s recent price rally. Gold now faces competition,