"BY THE END OF 2021, Bitcoin Will Be At..." - Max Keiser Bitcoin Price Prediction 2021

"BY THE END OF 2021, Bitcoin Will Be At..." - Max Keiser Bitcoin Price Prediction 2021

two years ago my guests made the most accurate forecast for how bitcoin would close off 2020 amongst all the popular bitcoin pundits and advocates in the world max keiser had forecasted 20 000 bitcoin by the end of 2020 so how is he expecting bitcoin to close off in 2021 the corrections in bitcoin have been successfully getting less and less and less i mean i've went through three 80 to 90 corrections you know in in bitcoin since 2011. so uh but since then we've had less and less and less so um we just experienced a 20 correction and so now that correction's over and now we start going higher and so it'll start to behave more like an asset class where you might see 10 to 20 corrections the 30 40 50 corrections i think we're past that past that because it's because the size of the market's gotten to be a lot bigger and the amount of money on the sidelines waiting to get in is enormous the biggest money funds in the world blackrock stan druckenmiller paul tudor jones massmutual insurance company they're all sitting on the bid hoping to accumulate as much bitcoin as possible and that's only going to get bigger and bigger sovereign wealth funds are going to get into this et cetera so the the corrections will be less and less and less i'm going with 220 000 per bitcoin as a 2021 target and that would bring us up to over four trillion dollar market valuation which i think is where it's a good 2021 objective you know we're going to catch up to gold that would bring us up to not quite half gold's valuation but getting close to gold's valuation i think the catalyst is going to be as i said a major central bank failing plus the money printing is is going to go absolutely weimar republic so we're going to see that depending on how you uh calculate this the 10 to 15 trillion that was printed in the last 220 000 per bitcoin when you come up with these forecasts like i said two years ago you accurately predicted the 2020 forecast how do you come up with these numbers are you sitting at the table with a calculator are you you know baking your cheesecake and it comes to you like how do you get to that number yeah i like the image of me baking a keto cheesecake and thinking about all these things um it well first of all some of it's proprietary you know i can't go into the minutia because you know this is the secret sauce of my whole enterprise i don't know okay specific but having said that you know there are certain um trends uh that you can put into your calculations so we we just had a having right we had the third having in bitcoin you know there's two things and there's three things in bitcoin that people like nouriel roubini never mentioned the havings the difficulty adjustment and the hash rate now that would be like me being a real estate broker and trying to sell real estate and telling people that i don't know where the house is i don't know how big the house is and i don't know who owns the house would you be a successful real estate broker no okay so roubini is your target today we get it um but okay let me let me get back to the question so that the having happens every four years so the supply gets cut in half so that then you you input that into the demand so the demand is going you know the demand is going higher right all these huge money folks are coming in to bitcoin then the the supply is shrinking uh for example uh there's 900 bitcoin a day that are created and this and the demand is over 4 000 a day so that should tell you something right there if you look at the exchanges there were there's bitcoin uh kind of a snapshot of how many bitcoin are circulating or in existing being moved around that is shrinking rapidly because institutions are taking bitcoin they're gobbling up that bitcoin we're going to enter a bitcoin shortage so a couple of things we haven't seen we're going to see in 2021 we're going to see gap pricing in terms of price discovery so okay it's 36 37 000 you know once you get above 40 000 that panic buying from institutions comes in you could see 42 000 and then the next print be 44 000 right you're going to see is it a straight up road to 220 000 or is there going to be major corrections along the way well like we just saw a 20 correction i think we're going to see 10 20 corrections uh all the time and i i don't know i wouldn't say that this is where we end the year either probably 220 000 number probably you're going to see that in october november this will be the high of the year if you look historically to how the bitcoins traded versus the havings and and the demand and the difficulty adjustment and the mining industry and the acceleration of the technology in the mining industry and how efficient miners are the cost of electricity right that's also a factor in this calculation uh the central bank that's going to close shut down blow up right uh so let's see what the candidates are bank of japan bank of england federal reserve bank european central bank uh probably probably the bank that is in the deepest uh quagmire of problems would be the ecb i think the ecb will be dissolved and something will take its place and they won't call a crash necessarily i think but i think the ecb bank is going to be probably let's call being they're going to get dissolved in 2021 and um they're going to it's going to be replaced with some other facility like they could say oh we're going to do a trillion we're going to do a hundred trillion credit facility with the special drawing rights from the imf our friend christy lagarde and and and the ecb are gonna get back together again and get the band back together again they're gonna try to bail out the eurozone but they're gonna have to dissolve the ecb first so they're gonna but they're gonna market it like a rebrand yeah it's gonna be they're gonna mark it as a rebrand restart a reset they're gonna call it a reset or a new brenton woods okay so you we've heard those terms already right a new brenton woods and a reset so as part of that brenton woods slash reset they're going to come out of that meeting and say here it is and by the way one of these banks these central banks had to be dissolved exactly like in 2008 when lehman brothers and bear stearns had to be sacrificed they got into a room and a dick fold over there at lehman brothers was taken out back and shot in the head right and said you've got to sacrifice you've got to give all your assets to jamie dimon today or the country goes into receivership dick fold take one for the team buddy if bitcoin is at 220 000 in 2021 gold goes to let's say gold gets in above 3 000

hello yeah i'm just i that's a very bullish call for yeah gold mean it is gold is not going to go away yeah i mean gold is not it's i don't i'm not in the camp that says bitcoin is going to demonetize gold okay not in that camp there's a there is a there's a group that says this but you know gold is still the primary asset for all central banks let's take it so the brace layer money that runs the global economy has done for for 100 300 200 years whatever now that i'm on this path i have to take it one step further or i'm going to get all these emails why didn't you ask them about silver then okay gold goes through frozen where does silver go let's end it there well you know silver when we did crash jp morgan by silver in uh back in 2011 it was at 15 we drove it to 50 bucks and then that was the old high under the hunt brothers then of course it dropped back down to the 11 12 13 range now it's it's uh trading higher it's pushing high 20s pushing 30