Max Keiser predicts Bitcoin could surge to $100,000 shortly and $120,000 by month’s end, following Trump’s executive order for a crypto reserve. He suggests unconventional funding strategies, including selling the US strategic cheese reserve to purchase more Bitcoin.
Max Keiser, a prominent Bitcoin maximalist and advisor to the President of El Salvador, has forecast an imminent rise in Bitcoin (BTC) to $100,000. On Twitter, Keiser attributed this prediction to the recent executive order signed by US President Donald Trump, aimed at establishing a strategic Bitcoin reserve and a cryptocurrency stockpile. Despite a muted market reaction, Keiser remains optimistic about BTC potentially reaching this milestone within hours.
Furthermore, Keiser anticipates that the bullish trend in Bitcoin’s price will continue, predicting it will reach $120,000 by the end of March. This projection suggests an increase of over 36% from its current value. However, for this upward trajectory to succeed, Bitcoin will need to overcome skepticism related to the details of the reserve, which presently remain vague.
In light of the ongoing discussions about the reserve’s funding, Keiser has proposed innovative methods to finance Bitcoin acquisitions. He suggested that the US Treasury and Commercial Secretaries should implement “budget-neutral strategies” to bolster the Bitcoin reserve. Notably, Keiser humorously recommended selling the vast US strategic cheese reserve, valued at approximately $4 billion, to acquire more Bitcoin.
In addition to this unusual suggestion, Keiser mentioned selling entire states such as Maine and Massachusetts for Bitcoin funding. He also urged venture capitalist Tim Draper to return the nearly 30,000 BTC he purchased in a US government auction, which has appreciated significantly since then. With Bitcoin’s value climbing to approximately $2.7 billion today, such actions would reflect Keiser’s unabashed commitment to the cryptocurrency.
This article serves informational purposes only and should not be construed as financial advice. Readers are encouraged to conduct thorough research before making investment decisions, as The Crypto Basic does not assume responsibility for any financial losses incurred.
Max Keiser’s projections regarding Bitcoin suggest a potential rapid increase to $100,000 within hours, followed by an ambitious prediction of $120,000 by the month’s end. While optimism surrounds these forecasts, particularly related to President Trump’s executive order, the cryptocurrency must overcome market skepticism to achieve these targets. Keiser’s unconventional funding suggestions further emphasize his unwavering belief in Bitcoin’s value.
Original Source: thecryptobasic.com
