Max Keiser, Bitcoin advisor to El Salvador’s President Nayib Bukele, has made a striking forecast about Bitcoin’s future impact on the global financial system.
Bitcoin is approaching $110,000, nearing a new all-time high after briefly dipping to $105,000 on July 1. This pullback was widely seen as a consolidation phase amid rising institutional demand for the limited cryptocurrency supply, with nearly 95% already mined.
Keiser, a well-known Bitcoin maximalist, tweeted on July 2 that Bitcoin at $100,000 is already unsettling traditional finance. He pointed out that when Bitcoin hits $200,000, over 500 million people could reject centralized financial systems in favor of Bitcoin’s decentralized economy, recognized for its “sound money” attributes.
He further warned that at a $300,000 price point, the US dollar could face serious decline, with Bitcoin potentially being valued in gold instead of fiat currencies. These predictions echo views from prominent figures like venture capitalist Tim Draper, who has suggested Bitcoin’s value could become infinitely greater relative to the dollar.
Many analysts share similar outlooks. Standard Chartered expects Bitcoin to reach $200,000 by the end of this year, citing macroeconomic factors. Other experts, including Bitwise, Robert Kiyosaki, Bernstein, and Michael van de Poppe, foresee Bitcoin rising between $200,000 and $600,000 in this cycle. Binance co-founder Changpeng Zhao has also projected prices above $300,000, possibly reaching $500,000 or even $1 million.
At the time of writing, Bitcoin trades around $109,366, up 2.5% over the past 24 hours.
Disclaimer: This article is for informational purposes and does not constitute financial advice. The opinions expressed are those of the author and do not represent The Crypto Basic. Readers should conduct independent research before making investment decisions. The Crypto Basic is not liable for any financial losses.