TV host Max Keiser, who has been one of the most vocal Bitcoin supporters from the outset, claims that the top cryptocurrency by market capitalization will reach $28,000. He points out that BTC’s hash rate is inching closer to 90 exahash per second, and, according to game theory, hash rate precedes price.
#Bitcoin hash approaches 90 Quintillion. Per protocol’s hard-coded Game Theory, hash precedes price. $28,000 in play.— Max Keiser, tweet poet. (@maxkeiser) September 1, 2019
Given that the Bitcoin price has recently tanked below the $10,000 mark, the above-mentioned figure might seem outlandish, but the crypto king surged by more than 200 percent in 2019.
In the meantime, anonymous crypto analyst Plan B has once again reminded naysayers that Bitcoin’s halving event is scheduled to take place in eight months. His model, which uses the stock-to-flow (SF) ratio, predicts that Bitcoin could surge to more than $55,000 after the block reward reduction.