[ccpw id="39382"]

HomeCrypto NewsMarketEl Salvador Bitcoin Advisor Max Keiser Predicts BTC to $100,000 in a Few Hours and $120,000 This Month

El Salvador Bitcoin Advisor Max Keiser Predicts BTC to $100,000 in a Few Hours and $120,000 This Month

Date:

Written By:

Follow TheCryptoBasic

Max Keiser, a popular maximalist and Bitcoin advisor to El Salvador’s president, has predicted an immediate BTC surge to $100,000.

In a tweet earlier today, Keiser projected that Bitcoin would reclaim six figures amid US President Donald Trump’s executive order. Specifically, he predicted that the pioneering cryptocurrency would surge to $100,000 in a few hours.

On Thursday, Trump signed an executive order to create a strategic Bitcoin reserve and a US crypto stockpile. While the market has not particularly reacted positively to the news, Keiser believes it could catalyze a surge to $100,000 in a matter of hours.

- Advertisement -

New All-Time High Before Month End

Meanwhile, Keiser, who serves as President Nayib Bukele’s advisor on Bitcoin-related matters, predicted the impending bullish run would spur the crypto firstborn to a new all-time high in March. He speculated an over 36% surge from the asset’s current price to $120,000 before the month’s end.

If Bitcoin is to resume this uptrend, it would have to defy the growing skepticism emanating from the reserve announcement. For perspective, Bitcoin slumped to $84,000 earlier today as Trump’s executive order failed to include fine details such as the reserve’s Bitcoin accumulation target and how it plans to attain it.

Nonetheless, Keiser is popular for his Bitcoin bullishness and predictions. Recall that he reviewed his Bitcoin prediction from $220,000 to $2.2 million per coin in December, citing a proposition from Strategy’s Michael Saylor to dump gold and buy Bitcoin.

Kieser Recommends Budget-Neutral Means to Buy More Bitcoin

Meanwhile, while the details of the reserve have spurred controversy, the former American filmmaker has suggested new means of funding more Bitcoin purchases. Notably, the Thursday order said the US Treasury and Commercial Secretaries could find “budget-neutral strategies” to increase the US Bitcoin reserve.

In a tweet, Keiser recommended selling the US strategic cheese reserve to buy Bitcoin. The Missouri-based stockpile holds over 1.4 billion pounds of cheese, estimated to be worth around $4 billion.

- Advertisement -

Moreover, the Bitcoin maxi made other outlandish suggestions, including selling US states like Maine, Vermont, and Massachusetts to fund Bitcoin’s purchase. Furthermore, he urged venture capitalist Tim Draper to return the 29,655 BTC he bought at an online auction from the US government.

An accompanying Reuters report shows that Draper won nearly 30,000 BTC in an auction held by the US Marshal Services in July. He acquired the bitcoins for roughly $18 million then. However, the stash has surged to a $2.7 billion valuation today.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Elendu Benedict
Elendu Benedict
Elendu Benedict is a refined cryptocurrency writer with over two years of experience in the field. With a thorough understanding of blockchain technology, cryptocurrencies, and market trends, as well as proficiency with ETFs, DeFi, and Web3, he specializes in writing engaging and educational articles on a variety of crypto-related subjects.

More from Author

Latest Stories

Guides