Bitcoin may soon rise to $220,000, according to Max Keiser, TV host and founder of Heisenberg Capital.
The expert pointed to gold reaching a new all-time high, surpassing $2,700.
The previous record for gold was set in 2020 when the pandemic forced central banks to lower interest rates and launch quantitative easing programs.
In September, the Federal Reserve resumed its monetary easing cycle, raising rates by 50 basis points for the first time since March 2020.
Keiser also expects BRICS to introduce the “killer of the US dollar,” backed by gold, at the upcoming summit in Russia. In July, the organization announced plans to create a blockchain-based payment system to reduce the dominance of USD and SWIFT.
Earlier, Bernstein analysts linked Bitcoin’s rally to increasing chances of Donald Trump winning the US presidential election in November.
It’s worth noting that Keiser first predicted Bitcoin’s rise to $220,000 back in 2021.
