Major Bitcoin proponent Max Keiser predicts that Bitcoin will surpass $220,000 within a short term
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The previous ATH was hit in 2020, when the world faced the pandemic and investors began to enter gold to hedge themselves against low interest rates and the massive amount of quantitative easing.It seems logical to think that once gold has soared to reach a new all-time high, Bitcoin is likely to do the same in the near future. Keiser believes that BTC will ultimately reach the $220,000 level that he has been predicting over the last few years.
In a tweet published earlier, Max Keiser said that he expects BRICS to announce the launch of a “gold-backed USD killer” at their conference which is taking place next week in Russia. In July, this organization that consists of several countries announced their intention to launch a payment system similar to SWIFT in order to weaken the domination of SWIFT and the US dollar in global markets.
They intended to use blockchain for building and running that system and a stablecoin backed by gold that would be based on it, hence US dollar would not be used on that platform.Many financial experts expected this gold-backed crypto to launch last year in August but it did not happen. Among them was Robert Kiyosaki, the author of the popular book on managing finance “Rich Dad Poor Dad”.
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