Bitcoin Could Hit $2.2 Million, Max Keiser Says
The post Bitcoin Could Hit $2.2 Million, Max Keiser Says appeared on BitcoinEthereumNews.com.
Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee to see how high experts say Bitcoin (BTC) could go as the pioneer crypto progressively secures its place in mainstream finance. This rise to fame attracts interest even from corporate holders, paving the path for further upside if their interests materialize. Would You Buy Bitcoin at $2.2 Million or $50 Million Per Coin? The Bitcoin price continues to trade with a bullish bias despite a minor correction to test the support level at $91,575. A recent BeInCrypto analysis indicated that if this support level holds, the king of crypto could target the $100,000 psychological level after overcoming resistance at $94,000. Bitcoin (BTC) Price Performance. Source: TradingView Meanwhile, the Strategy executive chair has expressed even more optimism for the largest crypto by market cap metrics. Michael Saylor says Bitcoin could reach $50 million per token if his company secures 10% of the total supply (21 million coins). “If I’m lucky enough to grind to 10% of the supply, Bitcoin’s going to be $50 million a coin,” Swan reported, citing Saylor. This implies a market cap of $1,050 trillion for Bitcoin. For perspective, it means a valuation ten times higher than the 2023 global GDP of $100 trillion. Notably, Strategy, formerly MicroStrategy, is the world’s largest corporate holder of Bitcoin. Michael Saylor continues to steward the company’s aggressive Bitcoin purchases. Based on this, BeInCrypto contacted Bitcoin pioneer Max Keiser, who was pivotal in El Salvador’s adoption of Bitcoin. The BTC advocate has upped his long-term Bitcoin price forecast to $2.2 million per coin. Keiser cited a brewing showdown between Jack Mallers’ newly formed 21 Capital and Michael Saylor’s Strategy. According to Keiser, institutional FOMO in Bitcoin is reaching a fever…
