The head of Heisenberg Capital named the reasons why the price of the cryptocurrency will reach $ 220 thousand in the coming months.
The bitcoin rate this year will grow by 500%, the head of Heisenberg Capital and TV presenter Max Kaiser is sure . According to him, large corporations and companies are increasingly buying cryptocurrency because of the “serious problems” of the US dollar. The Kaiser explained that the US currency is undergoing inflation due to the Fed’s policy.
“My target price for 2021 is still $ 220K per bitcoin. This is an aggressive price target, which is explained by the serious problems of the US dollar, ”Kaiser emphasized.
He called MicroStrategy’s $ 1 billion purchase of bitcoin a watershed moment in the history of corporate investment in cryptocurrency. The TV presenter also wrote on Twitter that he is still waiting for the update of the historical high of bitcoin by June 4.
I’m still looking for #BTC to hit new ATH by June 4 pic.twitter.com/XIwfEhtzlK
— 🍊💊 Max Keiser (@maxkeiser) May 30, 2021
As of May 31, bitcoin is trading at $ 35.3 thousand. The cryptocurrency reached a maximum of $ 64.8 thousand on April 14. Over the past 1.5 months, the asset has fallen in price by 45%.