Stock Market Slump Could See Bitcoin Price ‘Make New All-Time High’

Stock Market Slump Could See Bitcoin Price ‘Make New All-Time High’

Cryptocurrency inventor, fund partner and advocate Max Keiser is predicting new all-time Bitcoin price highs as the stock market tumbled again this week.

Bitcoin to ‘New All-Time High’ as Stock Market Slumps

A drop in share prices for both Goldman Sachs and Apple has equated to an approximately 160-point loss for the Dow Jones November 12, leading Keiser to suggest the index could collapse to below the significant 10,000 barrier in future.

10 (years) of cash transfusions from central banks – masking the globes economic death in 2008 – hasnt worked, he wrote on Twitter.

Dow 10,000 here we come. (Bitcoin) will make new (all-time high).

The Dow last saw 10,000 during the banking crisis a decade ago, having hovered around 25,000 for most of 2018.

Anticipation Of Crypto Awakening Grows

While Keiser like many other well-known commentators has long heralded a return to form for Bitcoin price 00, cryptocurrency markets have yet to signal their bear market is over this year.

As Bitcoinist has frequently reported in recent months, the anticipation of institutional investor money buoying sideways prices continues to run high. Major crypto assets themselves, however, continue to trend slowly downwards.

Big money remains faithful to the optimistic narrative on Bitcoin, however. Last week, billionaire investor Tim Draper took to the stage at Europes largest fintech conference Summit 2018 to double down on his prediction the largest cryptocurrency would hit $250,000 per unit by 2023 at the latest.

He was joined by Blockchain wallet CEO Peter Smith and Managing Capital co-founder Garry Tan. While both stopped short of endorsing the quarter-million figure, there appeared to be unanimous agreement that Bitcoin would be worth more in USD terms by this time next year.

My prediction for $250,000 by 2022 maybe 2023 but in that range is absolutely solid, but Im not so sure how were going to get there, Draper said.

What do you think about Max Keiser and Tim Draper’s predictions? Let us know in the comments below!

Images courtesy of Shutterstock

The post Stock Market Slump Could See Bitcoin Price ‘Make New All-Time High’ appeared first on Bitcoinist.com.

13.11.2018 / 09:05 44
Tom Lee, Max Keiser: $20k For Bitcoin by 2018 Still in Play as BTC Hits $7,200 Tom Lee, Max Keiser: $20k For Bitcoin
Two prominent investors in the cryptocurrency sector have continuously called for a price target of $20,000 for Bitcoin since early 2018. Fundstrats
Bitcoin Hashrate Hits New Record With 50% Gain in August Bitcoin Hashrate Hits New Record With
What bear market? The bitcoin hashratehas broken another record high this week as the world’s most popular cryptocurrency network gets stronger with
‘Delusional’ Paul Krugman Says Bitcoin Sets Monetary System Back 300 Years ‘Delusional’ Paul Krugman Says Bitcoin
Cryptocurrency industry figures are reacting with scorn after US economist Paul Krugman likened Bitcoin to setting the monetary system back 300
Bitcoin HashRate At All-Time High With ‘Price to Follow,’ Says Max Keiser Bitcoin HashRate At All-Time High With
Bitcoin’s hash rate reached new all-time highs in June, prompting well-known industry figures to renew calls for imminent price increases. Keiser:
Max Keiser: I Wouldn’t Be Surprised If George Soros Attempts to ‘Corner’ Bitcoin Market Max Keiser: I Wouldn’t Be Surprised If
Bitcoinist spoke with the one and only Max Keiser, Wall Street veteran and host of the Keiser Report, who explained why he’s bullish on BTC,
Bitcoin Cash, Litecoin, Ethereum Price Down by 20% as Cryptocurrency Market Corrects Bitcoin Cash, Litecoin, Ethereum Price
Bitcoin Cash, Litecoin, and Ethereum price have declined by over 20 percent over the past 24 hours, as the entire cryptocurrency market experienced a
Comments (0)
Add a comment
Comment on