Keiser Envisions $100,000 Bitcoin High

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While the price of multiple cryptocurrencies continue to see their values soar, the current price of Bitcoin suggests it is still very much the father of digital money. Max Keiser, host of Russia Today’s Keiser Report, agrees, and believes that Bitcoin will ultimately reach a price of $100,000.

The price of Bitcoin hit an all time high over the weekend - moving past the $8,000 mark following an uncertain couple of months that had the SegWit2x fork hanging over the markets like a dark cloud. Yesterday, Bitcoin continued its rise, nearly touching $8,400 and establishing another all time high.

Keiser believes that Bitcoin’s ability to survive numerous changes and countless altcoin competitors proves it is the most dependable cryptocurrency:

“Bitcoin will dominate and lead crypto going forward. Hundreds of obituaries have been written about Bitcoin and none of them have come true and none will. Fact is, Bitcoin is a gift from God to help humanity sort out the mess it has made with its money.”

Wall Street money
Many investors seem to be responding well to the narrative of Bitcoin as digital gold. There’s a lot of talk of mainstream institutional investors breaking into the market with massive, billion dollar investments. Indeed, a plethora of good news has recently buoyed Bitcoin’s price, with much of it relating to Bitcoin’s growing connections to traditional finance. The biggest news by far is CME’s upcoming launch of a regulated Bitcoin futures market, with major hedge funds announcing they will begin trading the digital currency as soon as this futures market goes live.

Suddenly, Keiser’s prediction of Bitcoin hitting a $100,000 high doesn’t seem so far fetched. The broadcaster likened Bitcoin’s emergence, resilience and success to Apple:

“I remember when I bought Apple stock in the late 1990's when it was valued for less than $100 million, Michael Dell publicly said that Apple should shut its doors and stop the embarrassment of being in business. Twenty years later, it's approaching a $1 trillion market cap, and nobody talks about Michael Dell anymore.”

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