YEREVAN (CoinChapter.com) — Max Keiser, a Bitcoin advocate and advisor to the president of El Salvador, recently shared his views on the future of Bitcoin in a post on the X platform. He criticized traditional asset holders, including those with luxury properties, fiat money, stocks, and gold. Keiser believes these assets have no future against Bitcoin. He declared,
“Everything goes to zero against Bitcoin.”
Keiser’s prediction has stirred debates in the financial community. His comments come at a time when Bitcoin’s market behavior is closely watched by investors worldwide.
Bitcoin Rebounds to $67,872 with Surge in Trading Volume
Bitcoin, which traded near $65,000 recently, has climbed to $67,872.45. This recovery follows a significant decline in the past week, where Bitcoin’s price fell below $65,000. The market saw a substantial increase in trading volume, up 42.29% to $33,615,829,312.
The market sentiment remains optimistic despite this dip. Investors are regaining confidence as Bitcoin prices stabilize.
Michael Saylor Predicts BTC Could Reach $13 Million by 2045
The Bitcoin 2024 Conference in Nashville has sparked discussions about the future of Bitcoin and the broader crypto market. During his opening keynote, Michael Saylor shared his long-term price predictions. Saylor projected that Bitcoin could reach $13 million by 2045, assuming a 29% annual return and a market cap of $280 trillion.
In a bullish scenario, Saylor sees Bitcoin hitting $49 million, while a bearish outlook suggests $3 million.
Peter Schiff Slams Saylor’s Alleged Bitcoin Bailout Plea
Financial analyst and known Bitcoin skeptic Peter Schiff responded to Saylor’s predictions. In a series of posts, Schiff accused Saylor of seeking a government bailout for Bitcoin. Schiff stated,
“He knows the Bitcoin blockchain letter is 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’s comments have added another layer of controversy to the ongoing discussions about Bitcoin’s future.
Despite concerns about the distribution of 95,000 bitcoins from Mt. Gox’s insolvency, the market has remained stable. Bitcoin prices did not suffer significantly from the distribution. The stability suggests that the market is maturing and can absorb large transactions without severe disruptions.
The post Max Keiser Predicts Everything Will Fall to Zero Against Bitcoin appeared first on CoinChapter.
