Bitcoin advocate and advisor to the president of El Salvador, Max Keiser, has shared his view on the future of Bitcoin in a recent post on the X platform.
Bitcoin maximalist and advisor to the president of El Salvador, Max Keiser, shared his thoughts on the future of BTC in a recent post on the X platform.
Keiser took aim at those holding traditional assets, such as luxury properties. In his opinion, fiat currencies, stocks and gold don't stand a chance against BTC, as no one will be trading those assets for Bitcoin.
“Everything goes to zero against Bitcoin,” he concluded.
World War Bitcoin has started. Everyone with Bitcoin wins. Everyone holding fiat money, Gold, bonds, stocks, fine art, Aspen ski lodges, loses — because no one will trade their Bitcoin for any of these things. Everything goes to zero against Bitcoin.
BTC bull run ahead?
Bitcoin, which traded around $65,000 yesterday, was recently seen back above $67,000. At press time, BTC trades at nearly $68,000.
The bullish market sentiment comes after one of the largest dips that the BTC price saw this past week. On Wednesday, the BTC price fell below $64,000, while a total of $300 million worth of the cryptocurrency was liquidated.
However, the distribution of 95K bitcoins from Mt. Gox's insolvency did not seem to negatively impact the market, with Bitcoin prices quickly regaining stability.
Bitcoin 2024
Bitcoin 2024 Conference in Nashville sparked a lot of discussion on the future of Bitcoin and the crypto market at large.
During his opening keynote, Michael Saylor stated that he sees the world's leading crypto rising to $13 million by 2045 in his base case scenario.
Saylor predicted that Bitcoin could reach $13 million by 2045, requiring a 29% annual return and a market cap of $280 trillion. In a bullish scenario, it could hit $49 million, while the bearish case suggests $3 million.
Finance personality and Bitcoin skeptic Peter Schiff responded to Saylor in a series of posts, accusing Saylor of pushing for a government Bitcoin bailout.
“He knows the Bitcoin blockchain letters are running out of chain and wants the U.S. government to become the buyer of last resort, leaving American taxpayers as the ultimate bag holders in the Bitcoin pyramid scheme,” Schiff wrote.
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