Max Keiser Predicts $800K BTC from ‘Bond Apocalypse,’ Markets Eye $93K

On the time of this writing, Bitcoin (BTC) was a few hundred {dollars} below $103,000, after dipping 4% in 24 hours, however Max Keiser is suggesting this volatility is mere tremors earlier than a seismic surge to $800,000.

In a sit-down with Bitcoin Journal’s Isabella Santos, the legendary BTC prophet claimed that the 10-year Japanese Authorities Bond (JGB) yield is the “lynchpin” threatening monetary collapse and triggering Bitcoin’s epic moon mission.

The Highway to $800K

Within the interview, the Bitcoin bull laid out a doomsday state of affairs that would doubtlessly result in an astronomical spike within the king cryptocurrency’s worth:

“There’s one piece of knowledge that’s the lynchpin of your entire world monetary system… It’s the speed of curiosity on the 10-year Japanese bond,” Keiser declared.

Presently, the yield is at about 3.5%, and any greater, the market watcher warned, might doubtlessly result in the collapse of the decades-long “yen carry commerce,” the place Wall Road borrowed near-zero-yen to gasoline speculative investments.

“The Japanese financial system goes to have to begin promoting U.S. Treasury bonds to remain stable, which might create a cascading occasion, what I name the bond apocalypse, the place the worldwide bond market crashes.”

He said that if this had been to occur, then trillions of {dollars}’ value of capital would flee collapsing authorities debt and rush straight into BTC.

“In that surroundings, Bitcoin spikes to $500,000, $600,000, $800,000.”

Bearish Warning

Whereas Keiser’s prediction might need gotten the crypto neighborhood on X speaking, the market stays quite tense and confused. Pseudonymous dealer Mr Wall Road hinted at a possible short-term nosedive to the $93,000 to $95,000 vary, warning that the charts had been “screaming for decrease.”

Nonetheless, voices of resilience have been piping up, with analyst Axel Adler Jr. pointing to rising lengthy liquidation dominance with out a main worth crash as a “good sign,” suggesting sturdy underlying purchaser assist.

Moreover, on-chain sleuth DeFiTracer sees cooling Center East tensions resulting from Iran’s obvious openness to talks in addition to Fed member Christopher J. Waller’s sign for July price cuts as bullish alerts. He steered these catalysts are quietly shifting markets from uncertainty “into the belief section.”