Welcome to US Crypto News Morning Briefing. An essential summary of the most important developments in future cryptography.
Enjoy another reading about Bitcoin (BTC) by Max Keizer, one of the most popular pioneers. His latest comment is that amid rising prices of Bitcoin, the king of crypto is gradually threatening to avoid Fiat’s money.
The day’s crypto news: Max Kaiser says Bitcoin could reach $220,000 in 2025
In a recent US Crypto News publication, Beincrypto reported that Max Keizer’s Bitcoin was predicted to reach $200,000.
“At $200,000 BTC, it triggers a turning point when millions of bitcoiners have the source and political will to opt out of the banking system and nation-state. I’m already seeing this in El Salvador.
Bitcoin pioneers have revised their targets and pointed out that Bitcoin could reach $220,000 this year. What prompted this change in outlook, and more importantly, why is the urgency of 2025 on the way?
Keizer’s Bitcoin bullish forecast is amid the growing influence of pioneer Crypto in mainstream finance. Recent US Crypto News Publications point to this effect, indicating that BlackRock’s BTC stash is approaching Nakamoto atoshi.
In response to this background and recognition of the role of Bitcoin’s growth in traditional finance (TRADFI), Kaiser called for President Donald Trump’s addition of Fiat Money.
“I provide a solution for Trump’s fiat money addiction. Fiat money addicts need to find the bottom and listen to the Bitcoin message. When Trump is ready to recover, Bitcoin is still here.
Bitcoin Maxi has predicted the Bitcoin Rally to $220,000, referring to the 2022 interview.
Despite his skepticism about his 2022 forecast, Pioneer Crypto’s value has increased by almost 600% from a depth of $16,000. This traction gives predictions credibility despite industry characteristics.
Beyond fundamentals, the technical is also in line with John Bollinger, the inventor of the Bollinger indicator, which predicted a price breakout for Bitcoin, as reported in another US Crypto News publication.
“Bitcoin appears to be set up for an upside breakout as the week progresses,” Bollinger wrote in the post.
There’s still plenty of optimism, but Bitcoin’s price nicked the new all-time high (ATH) and tops Binance at $111,999. At the time of writing, BTC was trading at $110,849, an increase of 1.25% over the past 24 hours.
As prospects rise further, Max Kaiser refused to give him a date that Bitcoin is expected to reach $220,000.
“If I gave you both the price and the date, most of you would be scared,” Kaiser added.
Like Keizer, Standard Chartered also predicted Bitcoin rallies, citing $135,000 in the third quarter and $200,000 by the fourth quarter. Meanwhile, others like Bitmex co-founder Arthur Hayes are forecasting $250,000 per Bitcoin BTC target this year.
However, Hayes’ forecasts are subject to the Federal Reserve (Fed) moving towards quantitative mitigation (QE).
Nearly $7.4 trillion parked in a money market fund
Meanwhile, data from BarChart lists up to $7.397 on Money Market Funds (MMFS). This shows a modest surge a month ago when Beincrypto reported $7.24 trillion on these investment vehicles.
This marks the new all-time high (ATH) of MMFS assets, suggesting that investors may be seeking security amidst economic uncertainty. MMF is a low-risk investment that offers liquidity and yield.
As this capital signal stands by liquidity, some analysts see this cash accumulation as a signal of reluctance for a market that could be bullish. If the capital was led towards Bitcoin, it could catalyze breakout amid increasing global liquidity, as shown in recent US Crypto News Publications.
“That (money parked in MMFS) is capital that doesn’t trust the system… the moment Bitcoin confirms itself as a spare grade escape valve, even a 5% rotation from that 7T pile will wipe out and fire BTC into the new financial system.”
However, other analysts have a more measured opinion. It states that the capital held in MMFS must be viewed in proportion to the total market capitalization.
Macro analysts argue that despite the trillion winning money market funds, investors could potentially have fewer dry powders than many believe compared to the size of the stock market.
“I realized a common story that suggests that the surge in money market funds meant a massive amount of cash sitting on the bystanders, which in my opinion could not be far from the truth,” challenged macro analyst Otabio Costa.
The chart of the day
Byte-sized alpha
Here’s a summary of more US crypto news that continues today:
Overview of Crypto Equities Pre-Market
Disclaimer
In compliance with Trust Project guidelines, Beincrypto is committed to reporting without bias and transparent. This news article is intended to provide accurate and timely information. However, we recommend that readers independently verify the facts and consult with experts before making decisions based on this content. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
