- Max Keiser foresees Bitcoin eating everything.
- The path to $800k is certain, claims Keiser.
- Recent moves have triggered FOMO.
Crypto price predictions are notoriously challenging, yet Bitcoin mega bull and El Salvador advisor Max Keiser isn’t holding back, recently staking his reputation on a bold $800k target.
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While lofty price predictions are often met with skepticism, recent price action, highlighted by Bitcoin’s record $8,300 daily increase on November 11, has some observers wondering if Keiser might be onto something
Bitcoin to $800k?
Bitcoin has recently surged to new all-time highs, with a near-vertical climb on the daily chart sparking market FOMO and raising expectations for even bigger price jumps as momentum builds.
Bitcoin daily chart per Trading View
Amid the excitement, Keiser shared his bold $800,000 prediction with Alex Jones, declaring it “mathematically guaranteed.” Keiser attributed his forecast to growing demand, citing MicroStrategy’s relentless BTC purchases and rumors of Middle Eastern interests quietly accumulating Bitcoin.
Keiser explained his price target and argued that Bitcoin would eventually eat gold, which holds an approximate $17 trillion market cap. According to his calculations, this would place Bitcoin at around $800,000, fully diluted.
Backing this claim, Keiser stated that Bitcoin is “a superior form of value and money” compared to gold. In his view, wealth gravitates toward the most scarce, durable asset, Bitcoin.
BTC is Booming
Since Donald Trump’s victory in the US presidential race , Bitcoin has surged, posting 38% trough-to-peak gains and hitting a high of $93,500 on Wednesday. This rapid ascent has pushed cryptocurrency further into the mainstream spotlight, with signs that casual crypto investors are making a comeback.
The previous bull cycle saw Bitcoin peak at $69,000 on November 8, 2021. However, unlike today, that rally lacked the influence of Bitcoin ETFs and substantial institutional interest now circling the market.
With a perfect storm of bullish tailwinds in play, several figures have joined Keiser in setting Bitcoin price targets. Based on technical analysis, Analyst Ali Martinez has projected a potential peak of $255,000.
Meanwhile, Fundstrat managing partner Tom Lee forecasts Bitcoin to reach $150,000 next year, citing cryptocurrency’s increasing relevance and the easing of regulatory concerns.
Skeptics Warming
Despite others’ more conservative price predictions, Keiser remains steadfast in his belief that $800,000 is on the way. This figure still seems almost unfathomable, even in light of Bitcoin’s recent rally.
However, Jones, who shares a long history with Keiser as a fellow former journalist, acknowledged Keiser’s proven track record. He noted that Keiser correctly predicted Bitcoin’s rise when it was just $5 a coin, long before it became a Wall Street asset and a topic of interest for governments.
What’s clear is that as Bitcoin continues to climb, more skeptics are capitulating and warming to cryptocurrency. The Financial Times, often critical of Bitcoin, recently published an op-ed titled “Bitcoin’s Big Bang Moment is Impossible to Ignore,” acknowledging that clinging to outdated mindsets can be counterproductive.
While the path to $800,000 does seem improbable, the same was said about Bitcoin at $20,000, $69,000, and $74,000.
On the Flipside
- An $800,000 BTC would indicate major economic upheaval.
- Polymarket odds of Trump implementing a US BTC reserve within 100 days of taking office remain low at 32% .
- Keiser gifted Jones 10,000 BTC on a laptop around 2013, which he lost.
Why This Matters
As the crowds chase Bitcoin gains, few realize they’re watching the real-time demise of fiat.
Bitcoin is now more valuable than silver.
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