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Famous Bitcoin supporter Max Keiser reiterated his previous price prediction of $220,000 from his personal X account. This time, Keiser made a bold price target for Bitcoin (BTC) and speculated on when this target could be reached.
Date Given for $220,000 in Bitcoin
Keiser stated that people constantly ask him when Bitcoin will reach the $220,000 level and he expressed that irreversible destruction caused by societal collapse is necessary to reach this level. Keiser emphasized that Bitcoin owners should be prepared for higher prices due to social unrest and economic problems occurring worldwide.
Max Keiser and his family reside in El Salvador, where BTC is recognized as legal tender. Remarkably, Keiser argues that violence and crime rates in the country have decreased with this decision by El Salvador.
Furthermore, Keiser warned people around the world, especially Bitcoin holders, to prepare for higher prices and economic collapse and did not forget to wish them luck.
Bitcoin Surpasses $30,000 with Fake ETF News
Bitcoin surged by about 10% in minutes following news related to the alleged approval of BlackRock’s spot Bitcoin ETF by the US Securities and Exchange Commission (SEC) on October 16.
Driven by the impact of this major cryptocurrency news, Bitcoin rose above $30,000. However, Bitcoin reversed its direction and fell by over 8% after the news was quickly denied by BlackRock and it was announced that the ETF application is still under evaluation by the SEC. At the time of writing, Bitcoin is trading at $28,255, representing a 0.12% increase in the past 24 hours. BTC has seen an increase of over 70% since the beginning of the year.
In response to these events, the SEC tweeted from its official X account, stating that it should only be followed from reliable sources and that the SEC is the most reliable source regarding ETFs.
