Max Kaiser reaffirms his prediction: Bitcoin will rise to $ 100,000
One of the most optimistic forecasters and host of the Keiser Report program Max Kaiser, during an interview this week, reiterated that the bitcoin price could reach $ 100,000. The first time he gave this prediction was in 2011, when Bitcoin was worth $ 3..
Explaining what he was guided by, calling such a stunning value, Kaiser said that the topic of forecasts itself was not very interesting to him..
“I don’t like price predictions because they take us away from the best method of participating in the cryptoeconomy: buy and hold,” he said..
Many analysts believe that the altcoin market is littered with worthless cryptocurrencies. The Kaiser, in turn, draws attention to the fact that the main trading volumes are concentrated in the first twenty cryptocurrencies, the composition of which is rarely, but still changes..
“Coins come and go. The composition of the top twenty will change less frequently. Thousands of stocks that are listed on the NYSE and NASDAQ behave in a similar way. Over time, many of them disappear, new ones appear. The only difference is that in the world of cryptocurrencies, everything changes 100 times faster, “added Kaiser.
While Kaiser speaks positively of Bitcoin, his forks are highly questionable despite their popularity..
“Bitcoin Cash is an altcoin with its fans, like many other altcoins. I don’t think anyone who uses the word “Bitcoin” in an altcoin name like Bitcoin Cash is following acceptable business practices. In other words, the Bitcoin brand has been stolen by a competitor who calls itself Bitcoin Cash. I think this is blatant fraud, “concluded Kaiser.
Recall that at the end of October, Kaiser clarified that $ 100,000 is a long-term target, while a medium-term target is at $ 10,000. Former hedge fund manager Mike Novogratz agrees with the Kaiser, who recently announced that the bitcoin rate will have time to rise to $ 10,000 by the end of this year..
Photo: Michal Steflovic
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