There have been all kinds of optimistic predictions about the price of Bitcoin these days, despite the massive correction that the coin has been seeing.
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $48,888.73.
Bitcoin could rise 300x
Now, Max Keiser said that BTC could increase 300x, and it set its eyes on the dominance of the US dollar. During a new episode of RT’s Keiser Report, the BTC bull addresses a Morgan Stanley reports with his 4.17 million YouTube subscribers that said that the flagship crypto will remain an asset class and is a viable alternative to gold as a store of value and the US dollar as a means of exchange.
“Do you accept fiat money where the volatility is zero, but the loss of purchasing power is guaranteed? Or would you prefer Bitcoin, where there is volatility, but the gain in purchasing is guaranteed? Those are your two options.”
BTC to overtake silver in a few months
Keiser added that BTC is close to dominating the precious metals market. He said that BTC would overtake silver within a few months and get halfway to gold’s market capitalization in 2021.
“Once it gets past gold, only the dollar is left, and the thing about Bitcoin is that it is the apex predator. It is the shark in an ocean full of goldfish and or plankton, which is the US dollar,” he said.
He continued and explained: “They print a lot of dollars, but they’re not particularly robust, and they are going to be decimated as Bitcoin dominates and becomes the global world reserve currency as we predicted. Morgan Stanley now is finally waking up to this.”
Check out the video above in order to learn what more he had to say.