TV host and financial expert Max Keiser is not tired of reminding the cryptocurrency community that Bitcoin is heading straight to the moon. In his recent tweet, Keiser claims that the worsening economic outlook is going to create a perfect storm for the mathematically driven cryptocurrency.
The global economy on the line
In particular, the Bitcoin bull points to the growing political and economic turmoil between the Federal Reserve and the White House.
President Donald Trump has recently escalated his attacks on Fed chief Jerome Powell by calling him “a bigger enemy of the US than China.” With the help of this aggressive rhetoric, Trump pressures Powell into orchestrating a rate cut that would stimulate the economy. However, it remains to be seen whether the Fed will cave in to Trump’s demands.
Meanwhile, other central banks around the globe are looking for ways to save the day, but it might be too little too late.
The Fed doesn't have the cure for what ails us, just as the [European Central Bank] and the [Bank of Japan] don't at this point," Bleakley Advisory Group CIO Peter Boockvar told CNN.
A new Bitcoin bottom
Bitcoin has been caught in sideways trading for quite a while above the $10,000 price mark. Keiser believes that it might be another point of contention between the bulls and the bears.
According to DeVere Group CEO Nigel Green, Bitcoin might have already reached a new bottom at $10,000 based on its yearly price performance. He is certain that numerous geopolitical issues will push the BTC price to $15,000.