Max Keiser Predicts Bitcoin Surge to $220,000 as Gold Hits New High 

• Max Keiser predicts Bitcoin will surge to $220,000, driven by gold’s recent all-time high of $2,713.88 per ounce.  
• The Federal Reserve’s shift to a dovish stance in September is expected to favor Bitcoin’s upward price momentum.  
• Keiser expects the BRICS nations to challenge the US dollar with a gold-backed stablecoin, further supporting Bitcoin’s rise.

Max Keiser, a staunch Bitcoin advocate and advisor to El Salvador’s president, Nayib Bukele, has reiterated his bullish stance on Bitcoin. Keiser recently tweeted that Bitcoin is set to soar to $220,000 soon, citing a major factor: the new all-time high for gold. Gold recently reached $2,713.88 per ounce, a significant jump not seen in the past four years. This spike reflects growing concerns among investors seeking safe havens, similar to trends seen during the 2020 pandemic. Keiser believes this surge in gold prices will soon be mirrored by Bitcoin.

Fed Rate Cuts and Bitcoin Momentum 

Keiser’s prediction comes as central banks like the Federal Reserve shift their monetary policies. In September, the Federal Reserve adopted a dovish stance, reducing interest rates by 50 basis points. Furthermore, the Fed indicated that additional rate cuts could follow by the end of 2024. This easing of monetary policy often favors assets like Bitcoin, which are seen as a hedge against inflation and currency devaluation. Consequently, many believe that Bitcoin could experience a sharp rise in value as interest rates continue to drop.

Keiser Bets Big on Bitcoin

Besides comparing Bitcoin’s potential with gold, Keiser recently shared another prediction regarding the global financial system. He believes that the BRICS nations will soon launch a “gold-backed USD killer,” aiming to challenge the dominance of the US dollar in global trade. Keiser expects the announcement at an upcoming BRICS summit, which would likely signal the introduction of a gold-backed stablecoin. This shift could weaken the reliance on the dollar and support alternative currencies like Bitcoin.

Bitcoin to Surge Beyond Gold’s Gains  

Keiser is confident that Bitcoin’s price will not only rise but will outpace gold’s upward trajectory. He tweeted that for every dollar gold gains, Bitcoin tends to move twenty dollars. Moreover, this growing enthusiasm for Bitcoin stems from its reputation as “digital gold,” a decentralized alternative to traditional investments like gold, particularly as inflation concerns rise.