A long-term Bitcoin advocate, Max Keiser, said in a recent interview that BTC could embark on a massive bullish price action in 2023. In addition, he predicted that the bullish run could surface even before the scheduled BTC halving in 2024.
Max Keiser had remained bullish on the leading crypto asset, BTC, over the last 12 months when he publicly showed his support for it. However, in a recent interview, Keiser predicted that BTC could only improve as he envisions a massive price increment for BTC in 2023 and the years to come.
The BTC promoter explained that BTC’s price had continuously increased for the past 13 years of existence. Hence, it would continue to go upward for the next 50 to 100 years.
Meanwhile, BTC is currently down by 75% from its all-time high, trading at $17.16K and up 1.3% in the last 24 hours, according to currency Coingecko data. However, Keiser stated that despite the low price, BTC has the highest potential to keep growing compared to other cryptos.
He referenced the example of the network’s increasing hash rate. Hashrate is the total transaction processing power that a crypto network possesses.
The higher the hash rates, the more robust and secure the network. Hence, Keiser explained that the rapidly growing hash rates suggest that the coin enjoys a better and healthier condition than before.
Buying The Dip
In addition, the BTC advocate stated that the current low price is the perfect price for investors to buy the dip. He said that based on adequate research and studies, investors would agree that the leading digital asset has much more potential than fiat currencies.
Also, its current price is the best rate for retail and industrial investors to acquire it. During the interview, Kaiser also reiterated that BTC was superior to gold. However, he explained that his view was not based on the token’s current price.
But instead by the strength of the network, how functional it operates, and its hash rate. The Bitcoin advocate continued that another vital factor he focuses on is how much support the network receives from its community members.
Keiser opined that the Bitcoin network enjoys a robust performance but is only handicapped by the lagging price. However, he is confident that BTC’s price will shoot to the moon in 2023 based on the abovementioned reasons.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.