Bitcoin started to surge again these days and at the moment, BTC is currently trading in the green on CMC.
The most important digital asset in the crypto space is priced at $11,845.08.
BTC could surpass $15k this week
Max Keiser, host of The Keiser Report just said that he believes BTC will surpass $15k this week.
Keiser said that he believes there’s a lack of confidence in centralized institutions and fiat currencies will be pushing BTC much higher.
Negative sovereign debt = default.
A global sovereign debt default is underway. This is *much* bigger than 2008 GFC.
— Max Keiser, tweet poet. (@maxkeiser) August 3, 2019
Keiser says he’s now certain that BTC will hit $100,000 in the long run in light of recent reports that negative-yielding debt has ballooned to $14 trillion for the first time.
“Negative sovereign debt = default. A global sovereign debt default is underway. This is *much* bigger than the 2008 global financial crisis. Money printing about to go hyperbolic. Bitcoin [at] $100,000 is now a dead certainty as is Gold [at] $10,000.”
It's too early to tell whether BTC can become a safe haven
It seems that Alex Kruger also said that at the moment it’s too early to know whether BTC can become a safe haven or not.
“Crypto media trying hard to talk Bitcoin up as a safe haven asset. To be fair we may already be seeing a self-fulfilling prophecy. Once enough money see it as a safe haven asset, it will become one. Chart looking strong. There are a few resistance levels between $11,150 and $11,600.”
Anthony Pompliano's BTC-related prediction
Co-founder of digital asset manager Morgan Creek Digital said that his previous prediction which was claiming that BTC will be hitting $100k in the next two and a half years is not too far-fetched. But on the contrary, the prediction is pretty conservative.
During a new interview with CNN, Anthony Pompliano says the effects of the Federal Reserve’s decision to cut interest rates for the first time in more than a decade will probably be felt right around Bitcoin’s next halving in May of 2020.
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