Bitcoin to Crack $15,000 This Week amid Waning Trust in Fiat: Max Keiser

Max Keiser believes that the bitcoin price could rally around 40% this week thanks to weak confidence in central banks and fiat currencies. | Source: Shutterstock

Bitcoin bull Max Keiser already has a six-figure price target for the flagship cryptocurrency. He believes that the digital asset will eventually replace gold as a safe-haven investment and beat the returns of all asset classes. If that claim doesn’t seem ambitious to you, then his latest tweet definitely will. Bitcoin is currently trading at just under $10,700, and the Keiser Report host predicts the cryptocurrency will stage a tremendous rally of 40 percent to $15,000 this week. But is that really possible?

I’m sensing #Bitcoin will cross $15,000 this week. Confidence in central governments, central banks, and centralized, fiat money is at a multi-decade low.

— Max Keiser, tweet poet. (@maxkeiser) August 3, 2019

Is Max Keiser’s weekly bitcoin price forecast credible?

Going by past trends, Max Keiser’s $15,000…