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Bitcoin to trade over $220,000 very soon" Keiser tweeted that Bitcoin is likely to skyrocket to a new all-time high of $220,000 due to a key reason â another safe haven asset, gold, reached a new all-time high of $2,713.88 per ounce for the first time in four years. The previous ATH was hit in 2020, when the world faced the pandemic and investors began to enter gold to hedge themselves against low interest rates and the massive amount of quantitative easing.
It seems logical to think that once gold has soared to reach a new all-time high, Bitcoin is likely to do the same in the near future. Keiser believes that BTC will ultimately (and quickly) reach the $220,000 level that he has been predicting over the last few years.
This year in September the Fed Reserve decided to switch its stance from a hawkish to a dovish one as the interest rate was slashed by 50 basis points. The Fed hinted that until the end of 2024, a few more interest rate cuts are likely to take place. Related
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