Long-term fundamentals, as well as medium-term monetary policies, all contribute to a bullish environment for bitcoin, this according to Max Keiser, host of the Keiser Report, who maintains his $100,000 a coin price target.
“When the Federal Reserve bank signaled that they were going to permanent quantitative easing, I said look, that’s the bottom for bitcoin, that was about $3,200 on bitcoin, because they’re making it clear now that there’s going to be no accountability by the Fed. They’re going to print ad infinitum, ad nauseam, there’s going to be no rollback, no kind of attempt to balance their books,” Keiser told Kitco News.
Keiser added that with the Fed being “irresponsible”, investors are going to look for a store of value, and while gold is unreliable due to manipulation, the best option is bitcoin.
