Max Kaiser believes that the price of bitcoin will skyrocket because of the deadly coronavirus that is spreading like wildfire. The popular Tv presenter Max Kaiser has a strong belief that the price of Bitcoin will go high and that too a $100,000 amid the ongoing epidemic.
He says that because of the epidemic, the stock markets will continue to fall, and that will benefit the Crypto industry and hence make prices go higher.
Kaiser said that the crisis of 2020 would be like the second part of the crisis that happened in the year 2008 and 2009 and the way it affected the global economy. The crisis that hit the global economy in those years was exactly what led to the need for developing something like Bitcoin in the first place.
Kaiser’s point now is that since there is another similar situation, the world would love to make use of the tech that was built partially to keep the crisis in mind. If the world does tap on the crypto industry for support in such situations, then it could change how crypto has been seen as being linked to shady activities to being a lifesaver.
Kaiser’s statement is also being backed by the fact that the crypto prices are again rising. Be it bitcoin or be Litecoin, there have been a small if not a huge change in the prices of almost all cryptos.
The TV presenter said that as panic settles in the minds of investors, we will soon see the prices go to $10,000, and that has already seeming to have started as the price of Bitcoin went above $9000 after being low at around $8800 for quite a long time. Max also said that this would inflict a devastating blow on the current financial system.
