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Max Keiser, Wall Street vet and host of The Keiser Report, says he thinks Bitcoin will surpass $15,000 this week.
Keiser says he believes a lack of confidence in centralized institutions and fiat currency will push BTC higher.
I’m confident. So I just burned another $10,000 in $USD shitcoin. Correlation does not equal causation, but whenever I burn a few thousand $USD, BTC price goes up significantly.
— Max Keiser, tweet poet. (@maxkeiser) August 3, 2019
Keiser says he’s now certain that BTC will hit $100,000 in the long run in light of recent reports that negative-yielding debt has ballooned to $14 trillion for the first time.
“Negative sovereign debt = default. A global sovereign debt default is underway.
This is *much* bigger than the 2008 global financial crisis. Money printing about to go hyperbolic. Bitcoin [at] $100,000 is now a dead certainty as is Gold [at] $10,000.”
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According to economist and crypto analyst Alex Krüger, it’s too early to tell whether Bitcoin will become a safe haven asset in uncertain economic times. As for where BTC is heading this week, Krüger says BTC’s chart looks strong, but there are plenty of resistance levels to overcome.
“Crypto media [is] trying hard to talk Bitcoin up as a safe haven asset. To be fair we may already be seeing a self fulfilling prophecy. Once enough money see it as a safe haven asset, it will become one.
Chart [is] looking strong. There’s a few resistance levels between $11,150 and $11,600.”
Definitively, though not my base case scenario. I'm of the view of failed breakouts and two-way action before price finally breaks out to the highs.
— Alex Krüger (@krugermacro) August 3, 2019
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