On December 17, 2017, the Bitcoin (BTC) rate reached a record high of $ 19,783, then on December 22, it fell to $ 13,800. At the time of writing, according to CoinMarketCap, cryptocurrency was worth $ 10,156.
Now the flagship of digital coins has been in the range of $ 9,000 to $ 12,000. Nevertheless, according to the former Wall Street trader and Keizer Report TV presenter Max Kaiser, a record high of $ 25,000 is not unattainable.
The expert still maintains the bullish character of the future movement of the top cryptocurrency . On August 27, Kaiser tweeted that for the most part it would be backed up by the current economic and political chaos.
At the same time, he refers to the escalation of tension in relations between US President Donald Trump and the Federal Reserve, an independent council entrusted with determining monetary policy .
Open warfare at the Fed, the world's Central Banks and the White House is the perfect setup for #Bitcoin $ 25,000. Bitcoin's mathematically driven, autonomously implemented monetary policy fixes both political and monetary chaos. https://t.co/gxGOPoi8Iu
– Max Keiser, tweet poet. (@maxkeiser) August 27, 2019
Recently, Trump has stepped up his unprecedented attacks on Federal Reserve boss Jerome Powell. In one of his last tweets, he said that Powell is a more malicious enemy for the US than Chinese President Xi Jinping.
It is reported that Powell opposed Trump's trading program, refusing to “play along,” and ignored his demands for lower interest rates.
Perhaps due to this confrontation at the end of June, the price of bitcoin reached almost $ 14,000, but it could not rise to new highs in the third quarter.
Since July, the currency has mainly been trading sideways and fluctuates around $ 10,000, as the upward momentum has faded. So, according to Kaiser, the currency will have to rise from this bottom, as a result of which the upward movement will begin.
Publication date 08/28/2019
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