Max Keiser is known for predicting some accurate things. This time he has predicted that Bitcoin is heading towards $10000. According to him there are a variety of factors contributing to this surge. For instance, in Asia, traders are bullish about South Korea’s decision to regulate Bitcoin as a commodity. This is a great indicating according to them towards legalization. Various Bitcoin industry news sources claim that the decision by South Korea will enable the market to continue to grow at a healthy pace. There is also speculation that China will ease restrictions on BTC exchanges now that President Xi Jinping has secured his position as head of the Communist Party of China for the foreseeable future. Needless to news reports coming from various other parts of the world in the Bitcoin industry news section also claim that in the US too things are going well. The Securities and Exchange Commission (SEC) will soon grant their approval to the first exchange-traded fund (ETF) that tracks the price of Bitcoin. Bitcoin Industry News from Around the World for Traders and Investors According to various portals covering the updated Bitcoin industry news Bitcoin ETFs, coupled with the recent launch of LedgerX’s regulated derivatives platform, are expected to initiate a wave of Wall Street investment in the crypto economy. Thus, there is exciting world out there that is going to have great impact on the exchange rate of the cryptocurrency. Additionally, longtime Bitcoin bull Max Keiser predicts that the Bitcoin price will reach $10,000 within the near future. According to him 30,000 new Bitcoin wallets a day and ETF coming soon, this all makes things rosy for Bitcoin. However, Bitcoin must pass at least one significant test before it can cross the five-figure threshold i.e. the looming SegWit2x hard fork. Bullish Investors Must Keep Investing at the Current Levels Keiser’s bullishness is true to form as there are reasons to believe him. For instance, earlier this year, Keiser celebrated Bitcoin’s then-record level of $3,000 by declaring that $5,000 was in sight. Needless to say many scoffed at this prediction, which came at a time when a blockchain split appeared like an increasing possibility. Portals like NewsBTC provide comprehensive coverage to the latest and updated BTC industry news. The reporters and analysts at the organization are claiming that the latest tweet from Keiser is going to be true like the previous other predictions on Bitcoin.
