Max Keiser: Bitcoin Price Cycle Will Repeat to $100k and Beyond
Russia Today host Max Keiser is bullish on Bitcoin’s price to ‘$100,000 and beyond’ despite sharp growth and correction cycles.
Max Keiser has remained bullish on Bitcoin, forecasting at least a $100,000 price in the future in line with Russia Today.
The RT host tweeted Friday that despite the boom and bust cycles, Bitcoin would continue to defy naysayers and continue growing - first to $3,000, then $10,000 and “all the way to $100,000 and beyond.”
This pattern will repeat all the way to Bitcoin $100,000 and beyond... pic.twitter.com/o9Wj4reBtv— Max Keiser (@maxkeiser) June 2, 2017
Keiser regularly publishes encouraging data along with comments on Bitcoin’s progress, as well as its favorable nature as an investment over fiat currencies or commodities such as gold.
In early May, he was even awarded gold for a “snooze fest of the decade award” for its years of comparatively sluggish performance.
Several weeks later, as Bitcoin experienced a correction from its near-$3,000 all-time high to below $2,000, Keiser remained positive.
“I survived the Bitcoin bear market from three hours ago,” he wrote on the day of the downtick.
I survived the Bitcoin bear market from 3 hrs ago. ??— Max Keiser (@maxkeiser) May 25, 2017
Curiously, the network on which he often espouses Bitcoin’s virtues initially failed to back his enthusiasm.
Following the correction, even as prices began to creep up to eventually recover the majority of losses, RT repeated comments from a CNBC analyst that Bitcoin would enter a downward spiral, bottoming out only in January 2018.
“We will see the bottom at the start of January, that is when stock markets typically tend to have a correction as well,” Nicola Duke had said.
The publication soon changed tack, this time highlighting comments from Saxobank’s Kay Van-Petersen, who had correctly called the $2,100 Bitcoin price in December 2016 and who now forecasts $100,000 a coin within 10 years.