One of the earliest investors and backers of BTC, Max Keiser, is not concerned about the recent tumble in the cryptocurrency market.
In an interview for the podcast The Wolf of All Streets, Keiser noted that colossal money printing and new signs of inflation this year will compel companies to buy Bitcoin even more.
The expert stressed that corporations are engaging in mass acquisitions of Bitcoins, which by the end of 2021 will lead to a 500% increase in prices.
“Corporate America … must take a step. I think this will take place in 2021. My objective price for 2021 is still $ 220,000 per BTC. This is an uncompromising price target, but it is because the US dollar is in serious trouble”.
Keiser pointed to the first $ 1 billion BTC purchase by MicroStrategy, led by CEO Michael Saylor, as a watershed moment in the age of corporate investment in Bitcoin:
“Now every CFO, every director and member of the board of every publicly traded company must take this into account”.
The former trader also underlined comments from renowned institutional investor Paul Tudor Jones that Bitcoin is a digital type of gold that will be the fastest horse to escape inflation.
