Keiser Report via Youtube
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Max Keiser Gold and Bitcoin are the go-to Assets | Bitcoin to Soar!
During volatile market conditions, investors should be looking for assets that represent stores of value, like gold, silver, and bitcoin, this according to Max Keiser, host of the Keiser Report.
“The next alternative hard money, aside from silver, is bitcoin, and that’s why you see interest in bitcoin right now, it’s up this year. It’s one of the few markets in the world that’s up in 2020,” Keiser told Kitco News.
The notion that bitcoin cannot be a store of value due to its volatility is a myth that has been busted in 2020, Keiser said.
“For years, people said that bitcoin is so volatile, how could it ever be a store of value? Well, this year, bitcoin is the least volatile asset class of any asset class there is. It’s less volatile than stocks, it’s certainly less volatile than oil, it’s less volatile than many, many currencies out there. So bitcoin is coming into its own in 2020 and it is a store of value, it is gold 2.0, and it will achieve a market capitalization like gold in the many trillions of dollars,” he said.
Keiser’s target price for bitcoin is $400,000.
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