{"id":554461,"date":"2023-10-07T09:30:13","date_gmt":"2023-10-07T09:30:13","guid":{"rendered":"https:\/\/uniquehot.com\/?p=554461"},"modified":"2024-06-11T06:49:42","modified_gmt":"2024-06-11T06:49:42","slug":"bitcoin-price-rise-to-22000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-rise-to-22000\/","title":{"rendered":"Bitcoin Price: El Salvador Crypto Advisor Predicts Explosive Rise To $220,000"},"content":{"rendered":"

In a recent development, <\/span>Bitcoin<\/span><\/a> proponent and crypto advisor to El Salvador\u2019s President <\/span>Max Keiser<\/span><\/a> has made a future prediction for the Bitcoin price, joining the ranks of analysts who have made <\/span>bold assertions<\/span><\/a> about the flagship cryptocurrency\u2019s trajectory.\u00a0<\/span><\/p>\n

Keiser Says Bitcoin Price To $220,000<\/h2>\n

In a <\/span>tweet<\/span><\/a> shared on his X (formerly Twitter) platform, Keiser stated that the Bitcoin price will experience an explosive rise to $220,000 in the short term. However, he didn\u2019t specify how soon the crypto token would see <\/span>such a rally<\/span><\/a>. He made this assertion in response to a <\/span>CNBC article<\/span><\/a> about the current decline in the financial market amid economic and inflation concerns.<\/span><\/p>\n

Related Reading: 39-Month Cycle Says XRP Price Is Poised For Breakout To $1,000, Here\u2019s When<\/a><\/div>\n

In a subsequent <\/span>tweet<\/span><\/a>, Keiser once again reiterated that Bitcoin would rise to $220,000 as he claims that \u201cCentral banks will print a wall of money visible from outer space.\u201d His belief seems to stem from the fact that many will be looking to use Bitcoin as a hedge against rising inflation.\u00a0<\/span><\/p>\n

He even <\/span>alluded<\/span><\/a> to the fact that the US dollar was losing its purchasing power \u201cat a very rapid pace.\u201d He gave an instance of how paying $100 for hamburgers years ago looked like a joke, but he had just spent \u201c$84 for a very ordinary hamburger.\u201d\u00a0<\/span><\/p>\n

For the longest time, Keiser has been bullish on the foremost cryptocurrency. In 2011, he <\/span>called<\/span><\/a> Bitcoin the \u201ccurrency of the resistance\u201d and the \u201cbiggest story of the decade.\u201d Additionally, he always <\/span>touted a financial collapse<\/span><\/a> as what would spark a massive rally in the Bitcoin price. Then, he stated that Bitcoin\u2019s adoption and price will increase as banks collapse.\u00a0<\/span><\/p>\n

Arthur Hayes, the co-founder of BitMEX, also shares similar sentiments with Keiser. He <\/span>recently stated<\/span><\/a> that the government would likely resort to money printing to save the bond market, which could lead to a meteoric rise in Bitcoin\u2019s price and other cryptocurrencies.\u00a0<\/span><\/p>\n

\"Bitcoin<\/p>\n

BTC bulls struggle to maintain control | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Is Inflation Good Or Bad For Crypto?<\/h2>\n
There seem to be divergent views on how rising inflation could affect Bitcoin and the crypto market by extension. While people like Keiser and Hayes see rising inflation as bullish for Bitcoin, others like Crypto analyst Nicholas Merten <\/span>believe<\/span><\/a> that inflation could spell more trouble for Bitcoin\u2019s price.\u00a0<\/span><\/p>\n
Related Reading: Ripple Vs. SEC: Crypto CEO Predicts SEC Will Drop Charges Against Executives<\/a><\/div>\n
According to Merten, the <\/span>Federal Reserve<\/span><\/a> needs to keep hiking interest rates to bring down the inflation rate as there is excess money in the system due to the \u201cexcess printing of money.\u201d Meanwhile, Bloomberg analyst Mike McGlone <\/span>warned<\/span><\/a> that the rising interest rates could cause a further decline in the Bitcoin price.\u00a0<\/span><\/p>\n
There also seems to be a correlation between the <\/span>stock and crypto markets<\/span><\/a>. As such, it doesn\u2019t seem like Bitcoin and the crypto market exist in isolation, as any financial crisis could significantly impact it.\u00a0<\/span><\/p>\n
Featured image from The Face, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
In a recent development, Bitcoin proponent and crypto advisor to El Salvador\u2019s President Max Keiser has made a future prediction for the Bitcoin price, joining the ranks of analysts who have made bold assertions about the flagship cryptocurrency\u2019s trajectory.\u00a0 Keiser Says Bitcoin Price To $220,000 In a tweet shared on his X (formerly Twitter) platform, Keiser stated that the Bitcoin price will experience an explosive rise to $220,000 in the short term. However, he didn\u2019t specify how soon the crypto token would see such a rally. He made this assertion in response to a CNBC article about the current decline in the financial market amid economic and inflation concerns. Related Reading: 39-Month Cycle Says XRP Price Is Poised For Breakout To $1,000, Here\u2019s When In a subsequent tweet, Keiser once again reiterated that Bitcoin would rise to $220,000 as he claims that \u201cCentral banks will print a wall of money visible from outer space.\u201d His belief seems to stem from the fact that many will be looking to use Bitcoin as a hedge against rising inflation.\u00a0 He even alluded to the fact that the US dollar was losing its purchasing power \u201cat a very rapid pace.\u201d He gave an instance of how paying $100 for hamburgers years ago looked like a joke, but he had just spent \u201c$84 for a very ordinary hamburger.\u201d\u00a0 For the longest time, Keiser has been bullish on the foremost cryptocurrency. In 2011, he called Bitcoin the \u201ccurrency of the resistance\u201d and the \u201cbiggest story of the decade.\u201d Additionally, he always touted a financial collapse as what would spark a massive rally in the Bitcoin price. Then, he stated that Bitcoin\u2019s adoption and price will increase as banks collapse.\u00a0 Arthur Hayes, the co-founder of BitMEX, also shares similar sentiments with Keiser. He recently stated that the government would likely resort to money printing to save the bond market, which could lead to a meteoric rise in Bitcoin\u2019s price and other cryptocurrencies.\u00a0 BTC bulls struggle to maintain control | Source: BTCUSD on Tradingview.com Is Inflation Good Or Bad For Crypto? There seem to be divergent views on how rising inflation could affect Bitcoin and the crypto market by extension. While people like Keiser and Hayes see rising inflation as bullish for Bitcoin, others like Crypto analyst Nicholas Merten believe that inflation could spell more trouble for Bitcoin\u2019s price.\u00a0 Related Reading: Ripple Vs. SEC: Crypto CEO Predicts SEC Will Drop Charges Against Executives According to Merten, the Federal Reserve needs to keep hiking interest rates to bring down the inflation rate as there is excess money in the system due to the \u201cexcess printing of money.\u201d Meanwhile, Bloomberg analyst Mike McGlone warned that the rising interest rates could cause a further decline in the Bitcoin price.\u00a0 There also seems to be a correlation between the stock and crypto markets. As such, it doesn\u2019t seem like Bitcoin and the crypto market exist in isolation, as any financial crisis could significantly impact it.\u00a0 Featured image from The Face, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":554462,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,678,679,6848,1119,89185,1122,17066,1144,78790],"class_list":["post-554461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-prediction","tag-bitcoin-price","tag-bitcoin-price-prediction","tag-btc","tag-btc-news","tag-btc-price","tag-btc-price-prediction","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin Price: El Salvador Crypto Advisor Predicts Explosive Rise To $220,000<\/title>\n<meta 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price: El Salvador Crypto Advisor Predicts Explosive Rise To $220,000","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-rise-to-22000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-rise-to-22000\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/IMG_0171.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/IMG_0171.jpeg?fit=1200%2C630"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin prediction","bitcoin price","bitcoin price prediction","btc","btc news","btc price","btc price prediction","btcusd","btcusdt"],"dateCreated":"2023-10-07T09:30:13Z","datePublished":"2023-10-07T09:30:13Z","dateModified":"2024-06-11T06:49:42Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price: El Salvador Crypto Advisor Predicts Explosive Rise To $220,000\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-rise-to-22000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-rise-to-22000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/IMG_0171.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/IMG_0171.jpeg?fit=1200%2C630\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin prediction\",\"bitcoin price\",\"bitcoin price prediction\",\"btc\",\"btc news\",\"btc price\",\"btc price prediction\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2023-10-07T09:30:13Z\",\"datePublished\":\"2023-10-07T09:30:13Z\",\"dateModified\":\"2024-06-11T06:49:42Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/IMG_0171.jpeg?fit=1200%2C630","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/554461"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=554461"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/554461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/554462"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=554461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=554461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=554461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}