Tim Draper said the value of cryptocurrencies will increase tenfold by the end of 2022. He tweeted, “Bitcoin will increase tenfold from here by the end of 2022 or beginning of 2023. Speaking to Express, Couk Max Keizer said the prediction means” a price target from 260$ 000 (194£ 305) for Bitcoin “

A report by JP Morgan estimated the possible value of each bitcoin at 650000 USD (485763 GBP)

The investment bank is seeing a pattern of increased investment by financial institutions, similar to MassMutual and MicroStrategy, to get exposure to Bitcoin

A report by JPMorgan said, “Alternative currencies like gold and bitcoin have been the main beneficiaries of the pandemic, in relative terms, increasing their wealth for investment purposes by 27 percent and 27 percent respectively 227 percent enlarged “

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In an interview with Daniela Cambone on the Stansberry Research podcast, Max Keizer gave his opinion on who is behind the last Bitcoin rally

He said, “What Michael Saylor, and possibly Elon Musk and others, have found is that they have the Federal Reserve Bank and other central banks in a very precarious position

“This is because these banks have artificially lowered interest rates to this exceptionally low level of almost zero

“If you can borrow Bitcoin cheaply and yet, you will be able to launch a speculator attack on the Federal Reserve

“Make no mistake, Michael Saylor and the Bitcoiners are attacking the Federal Reserve Bank and the global central banking system

Mr. Keizer said the only way for central banks to defend themselves against this speculative attack is to “raise interest rates”

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He added that as long as interest rates are lowered further, “this bitcoin bet is an asymmetrical trade and has almost no top”

However, the US stockbroker and financial commentator Peter Schiff remained hostile to the potential of Bitcoin and warned against investing in the world’s pre-eminent cryptocurrency

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World News – UK – Bitcoin price is set to increase tenfold by the end of 2022 as JP Morgan rises to 650Estimates $ 000

Source: https://www.express.co.uk/finance/city/1377180/bitcoin-price-latest-tim-draper-jp-morgan-estimate-max-keiser