Keizer predicted bitcoin price well in 2020, expects $ 220,000 in 2021

Wall Street veteran and bitcoiner Max Keizer says he believes Bitcoin will unleash a massive rally this year as a result of central banks’ loose monetary policies.

Two years ago, Keizer made an accurate prediction that the bitcoin price would end the year 2020 at around $ 28,000. As you can see below, it’s very close. On the last day of the year, bitcoin fluctuated between $ 28,000 and $ 29,000.

Now that the new year has arrived, it is time for a new prediction. What does Max Keizer expect from bitcoin in 2021? Crypto France is popular.

Increase of 550%

In a recent interview with Stansberry Research, Keizer says he expects bitcoin to rise nearly 550% by the end of 2021. He compares that to the current rate of $ 34,000.

“I’m going for $ 220,000 per bitcoin as a target for 2021 and that would give us a market valuation of $ 4 trillion, which I think is a good target for 2021. We are going to catch up with gold. That would not get us to half the gold valuation, but get close to the gold valuation. ”

Central Banks are falling

“I think the catalyst will be, as I said, a major central bank going bankrupt and printing money will definitely go to Weimar Republic.”

Keizer also predicts unrest in the macro economy. He expects one of the major central banks to collapse next year.

“One of my predictions will be that one of the world’s major central banks will collapse in 2021. They are highly indebted. ” crypto spain is popular.

Get rid of fiat money

He thinks bitcoin will take full advantage of this:

“These banks are leveraged at 50, 60, 70 to one … One of them will collapse in 2021 and that will cause an avalanche. Get rid of fiat money and paper money and the biggest beneficiary of those will be Bitcoin. That is one of the catalysts for Bitcoin’s price increase in 2021. “