- Max Keiser cited massive US debt expansion as a key reason he expects Bitcoin to hit $220,000, pointing to the government borrowing $1.5 trillion this quarter after already borrowing $1 trillion last quarter.
- The rapid increase in US money supply since 2020, through stimulus checks and corporate bailouts, is seen as fueling Bitcoin’s past price surges.
- Other prominent voices also predict major future Bitcoin price increases, with targets ranging from $150,000-$200,000 by Anthony Scaramucci to $500,000 by 2025 according to Robert Kiyosaki.
Max Keiser, a prominent Bitcoin evangelist, recently explained why he remains optimistic that BTC will hit $220,000. In a post on X, Keiser cited a tweet from Zerohedge as a major reason he expects Bitcoin to continue rising in price dramatically.
Keiser Remains Bullish on $220,000 Bitcoin
Keiser has repeatedly forecasted that Bitcoin will reach $220,000 in the foreseeable future. In his recent X posts, he continues to offer various reasons supporting his lofty prediction. This time, he pointed to a Zerohedge tweet stating that the US intends to borrow $1.5 trillion this quarter and next after already borrowing $1 trillion last quarter.
Massive US Debt Growth Drives Bitcoin Price
The rapid expansion of US debt is persuading Keiser that the flagship cryptocurrency will surge in value. The increase in money supply has been seen as a catalyst for Bitcoin’s price growth since 2020, when the US government began issuing $1,200 stimulus checks to support locked-down residents.
In 2020 alone, over $6 trillion was printed for stimulus checks and corporate bailouts, dramatically expanding the money supply.
Other Bold Bitcoin Predictions
Keiser isn’t alone in making bold BTC predictions. Anthony Scaramucci expects Bitcoin to hit $150,000-200,000 next bull run and $750,000 by 2030. Robert Kiyosaki named $500,000 by 2025, citing BRICS’ gold-backed currency plans.
Despite Bitcoin’s recent slump, prominent voices like Keiser remain staunchly bullish. Massive government spending and debt expansion continue to make a strong case for much higher Bitcoin prices. While short-term volatility is guaranteed, the long-term upside potential remains.