Wall Street veteran and Bitcoin firebrand Max Keiser says he believes Bitcoin will ignite a massive rally this year on the back of central banks’ loose monetary policies.
Two years ago, Keiser made an accurate forecast that Bitcoin would end 2020 trading at around $28,000.
Now, the Bitcoin bull is back with another year-end prediction.
In a new interview with Stansberry Research, Keiser says he expects Bitcoin to surge nearly 550% from its current price of $34,000 before this year expires.
“I’m going with $220,000 per Bitcoin as a 2021 target and that would bring us up to $4 trillion-dollar market valuation which I think is a good 2021 objective. We are going to catch up to gold. That would bring us up to not quite half gold’s valuation but getting close to gold’s valuation.
I think the catalyst is going to be, as I said, a major central bank failing plus the money printing is going to