Prominent Bitcoin advocate Max Keiser has projected that the cryptocurrency could reach $220,000 by 2025.
Keiser attributes this significant price target primarily to a substantial decline in Bitcoin supply available on centralized exchanges.
Reduced exchange liquidity creates increased scarcity, which analysts like Keiser believe could drive the asset’s price higher if demand remains constant or increases.
The prediction has garnered mixed reactions within the crypto community. Some supporters point to historical Bitcoin halving cycles adding weight to Keiser’s bullish outlook, while others express skepticism due to past unmet targets.
Keiser also highlighted that broader macroeconomic factors, including inflation, alongside ongoing technological advancements within the blockchain space, are likely to influence Bitcoin’s future price movements.
This forecast underscores the complex interplay between constrained supply, prevailing market sentiment, and external economic conditions in determining the trajectory of Bitcoin’s value.