Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Lincoln657 on December 02, 2021, 05:23:47 AM
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TV presenter and founder of Heisenberg Capital Max Kaiser expects that in the second half of 2021, the price of bitcoin will grow by 500% and reach $ 220,000. He stated this in Scott Melker's podcast "The Wolf of All Streets". In his opinion, the inflation of the US dollar stimulates the strengthening of the first cryptocurrency. Kaiser noted that against the background of the policy pursued by the Federal Reserve System, large corporations and companies are increasingly investing in digital assets.
"My target price [of bitcoin] for 2021 is still $220,000. This is an aggressive price target, which is explained by the serious problems of the US dollar," the TV presenter added.
Kaiser also stressed that the price of bitcoin is not as important as the hashrate and other fundamental indicators of the network. According to him, this only reflects the state of the dollar: when the rate of the first cryptocurrency grows, the dollar weakens, and vice versa.
"I don't look at the price, I look more at the hashrate. And this indicator has been in a very predictable, stable bull market for the last 10 years," he said.