Max Keiser, host of the Keiser Report and a bitcoin proponent, has said that he still believes $100,000 is still a reasonable target for Bitcoin and that long-term fundamentals and upcoming monetary policies point to such a figure.
Keiser was a guest on Kitco News, spoke about this matter, and the fact that Bitcoin is an attractive choice as a store of value for investors. Bitcoin is often called digital gold for the fact that it possesses the qualities of gold, with the addition of several benefits. Keiser said,
To capture a piece of the gold market, you’re talking $60-, $70-, $80-, $100,000 a Bitcoin. I have not sold any Bitcoin because my price target is $100,000 and beyond.
Keiser also said that he believes the bottom for bitcoin is about $3,200,
When the Federal Reserve bank signaled that they were going to permanent quantitative easing, I said look, that’s the bottom for bitcoin, that was about $3,200 on bitcoin, because they’re making it clear now that there’s going to be no accountability by the Fed. They’re going to print ad infinitum, ad nauseam, there’s going to be no rollback, no kind of attempt to balance their books.
Certainly, the market is heading up and several tokens – including Ethereum (ETH) and Ripple (XRP) – have surged greatly in price, and investors are hoping that the next great bull run is taking place.