Bitcoin Bottoms In, Apex Crypto Is Heading To $220,000 This Cycle, Says Max Keizer

Trader, podcaster and Bitcoin BTC/USD Evangelist Max Kaiser The world’s largest digital currency is poised to break through the $220,000 price point as it moves lower in this cycle.

Speaking to journalist Daniela Cambon, he revealed that he is a billionaire venture capitalist. Tim Draper He set a goal of $250,000 for Bitcoin this year, and Keizer agreed with his prediction.

“Investments in the Bitcoin network have never been higher, which means that security has never been higher, and the price will take care of itself. Tim Draper In the year He repeated his call for Bitcoin to hit $250,000 by 2023, and I totally agree with that. The price takes care of itself. We want to make sure that the network is stable,” he said.

He added that the FTX scandal involved the founder. Sam Bankman-Fried It does not affect the Bitcoin network. Keizer said the amount of money flowing through the network – hash rate, mining and security – has never been greater.

Also Read: Bitcoin Spikes Above $21,000: Is The Movement Sustainable Or Speculative Mania?

Meanwhile, bitcoin is trading near $23,000 on Sunday, its highest point since August 2022 and ahead of the Lunar New Year holidays in the Asian subcontinent.

The price of the leading cryptocurrency has increased recently, and analysts say that this is it Perhaps because of the positive overall economic outlook.

Slamming Bankman-Fried, Keizer, the founder of FTX, has a “very shady” background in high-frequency trading and market manipulation, which is in the gray control zone.

Bitcoin’s top expert continued his speech Ethereum ETH/USD, Cardano ADA/USD, Ripple XRP/USDAnd FTT FTT/USD They are all “scam signals”.

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Photo: Courtesy of Web Summit on flickr.

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