Max Keiser Predicts Bitcoin Price Could Hit $28,000 as Hash Rate Approaches New Highs

Libra Coin News
Sun, 09/01/2019 - 13:00
Alex Dovbnya
The Bitcoin aficionado insists that the Bitcoin price will reach a new ATH
Cover image via U.Today

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.

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Financial Analyst Max Keiser Explains Why Bitcoin Price Will Hit $25,000

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.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.