Billionaire Bitcoin advocate Max Keiser has made headlines once again with a bold prediction: Bitcoin (BTC) is headed to $850,000 during this current market cycle.
Billionaire Bitcoin bull Max Keiser has predicted that the flagship cryptocurrency could hit $850,000 during this current market cycle.
In a recent interview, Keiser stated that Bitcoin should trade at parity with gold in terms of market capitalization, which would represent a tenfold increase from BTC's current price level of around $110,000.
"Bitcoin could easily go to $850,000 a coin during this cycle—say, the next five years. A 1,000% return in five years is a reasonable expectation," Keiser said.
According to Keiser, Bitcoin meets or surpasses gold in terms of its core properties: scarcity, portability, durability, security, divisibility, and ease of global transfer.
"It does everything gold does, but it does it better," he added.
Considering Bitcoin's capped supply of 21 million coins and the ongoing narrative of increasing institutional adoption, regulatory clarity, and global monetary shifts, his prediction isn't surprising.
"People are thinking about Bitcoin more and more. It's a matter of when, not if, it gets to the apex of the pyramid of capital, which is parity with gold's market cap."
If Bitcoin does reach $850,000, it would solidify its status not just as digital gold—but as the dominant monetary asset of the 21st century.
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