Crypto Blog
Bitcoin’s Socio-Economic Impact: Max Keiser suggests “social unrest” could drive Bitcoin towards a $220k target. Amidst the COVID-19 pandemic’s financial challenges, Binance’s CEO Changpeng Zhao urges patience on Bitcoin price hikes.his thoughts on his previous $220k price target for BTC, stating that “social unrest” and “societal breakdown” are necessary to boost its price to such levels.
Amid the havoc caused by the COVID-19 pandemic, investors and retailers started looking for assets that could work as hedges against rising fiduciary inflation. During those times, the BTC halving was set to take place in May, further capturing the interest of investors who further speculated on future prices. The next Bitcoin halving will take place on April 24, 2024. Binance’s CEO Changpeng Zhaothe crypto community to remain patient and lower expectations, as the price of BTC “won’t hit all-time highs overnight.”Keiser, famously known for The Keiser Report, has been a Bitcoin advocate for several years.
The analyst experimented with Bitcoin’s cycle tops using different models for trend and price patterns to forecast possible outcomes, and the results were prices north of $128k, $135k, and the highest being $140k.These trends start at the bottom from the first early top Six Important Considerations for the Ethereum Price Going in Q4 2023
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