Why Max Keiser raised Bitcoin prediction to $400,000?

Max Keiser, one of the most renowned cryptocurrency figures as well as an investor recently reviewed his prediction for the leading crypto, Bitcoin. According to him, Bitcoin has the potential to hit levels of $400,000. His reviewed Bitcoin prediction comes eight years after the first. Keiser revealed his new prediction during a discussion with Alex Jones, a conspiracy theorist.

Keiser has been in the cryptocurrency industry for almost a decade. At the time when Bitcoin was trading just under $1.00, he predicted the digital was on a pathway to $100,00. While his initial prediction is far from being achieved, it will only take Bitcoin to surge five times from its all-time high around $20,000.

It is clear that Keiser still believes that Bitcoin still has the potential for extraordinary gains. Besides, Bitcoin has already grown from a low around $6,500 in December to highs around $10,500. A number of experts and key figures would agree with Keiser’s bullish stance on Bitcoin.

Tim Draper, for instance, says that Bitcoin will grow in the direction of $250,000 in the future, however, it has a mid-range target on $100,000. Tom Lee, co-founder of Fundstrat believes recently said that Bitcoin is a bullish phase likely to rise higher towards the end of the year.