Bitcoin Price May Surge Within Six Months, Crypto Capital Venture Founder Explains Why

As November 2022 kicked off, the crypto market witnessed the collapse of the FTX crypto giant, its boss Sam Bankman-Fried and his pocket trading company Alameda Research, which he attempted to save from bankruptcy using the funds of FTX customers.

This major bearish event pushed Bitcoin, and the whole crypto market along with it, way down. BTC fell from the $21,300 level and is now trading in the $16,600 range. Prior to that, BTC had been dropping gradually, pushed by the hawkish policy of the Fed Reserve. The latter kept raising interest rates in an attempt to slow down the inflation. The most recent interest rate hike took place in December. That maneuver of the U.S. central bank made Bitcoin slip from the $18,000 zone below the $17,000 level, where it has been trading since then. This hike was smaller than the previous ones, though, by 50 basis points.

On the last day of 2022, prominent Bitcoiner Max Keiser, a former trader who hosts a Bitcoin podcast, tweeted his predictions for 2023. Among those was Bitcoin reaching $100,000, two more countries adopting BTC as legal tender, BTC becoming a major electoral issue in the U.S. elections in 2023 and a few others also about Bitcoin.

It turned out that Keiser shared the Bitcoin predictions for 2023 posted by El Salvador president Nayib Bukele, who legally integrated Bitcoin in El Salvador as legal tender in 2021. Actually,

cryptorecruitr maxkeiser Dan is right but Max is crazy

cryptorecruitr maxkeiser This bullshit AGAIN? Why people are obsessed to predict prices and bottoms? Let the graphic flows

cryptorecruitr maxkeiser Why do people make these outlandish predictions? 100k bitcoin isn’t happening until late 2024 at the earliest. Bitcoin needs to create a base where people believe it isn’t going down more and then start to slowly creep up. It’s not going to 7x in the next 12 months

cryptorecruitr maxkeiser He also predicted $220,000 btc in 2021 AND doubled down in 2022.

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