Well-known Bitcoin evangelist Max Keiser has recently said that the value of his Bitcoin investment is up over 20,000,000% since he first acquired the flagship cryptocurrency back in 2011, merely two years after it was launched.
In a post responding to a user on the microblogging platform X (formerly known as Twitter), Keiser said that the value of his investment in Bitcoin is up 20,000,000% after he started buying back in 2011. The cryptocurrency’s price started that year at around $0.30 per coin and surged to a $22.9 high before coming back down to around $4 by the end of 2011.
His response was directed to a user who said that Bitcoiners act “like spoilt brats about gold price” while saying they were up “50% on my junior gold mining stock in 6 months.”
Since 2011 Bitcoin’s price has increased immensely to reach a $69,000 all-time high back in 2021, and is at the time of writing trading at $44,000 per coin amid renewed enthusiasm a spot Bitcoin exchange-traded fund (ETF) could be approved in the United States.
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Keiser is nevertheless till bullish on Bitcoin, recently saying there’s a chance the cryptocurrency will see a “God Candle” of $100,000 as it will “shift the global axis of wealth and power in 1 tick.”
His prediction is based on rumors that suggest Qatar’s sovereign wealth fund is looking to invest $500 billion into the flagship cryptocurrency. Qatar’s sovereign wealth fund, the Qatar Investment Authority, has total assets of $475 billion, however, and is unlikely to shift the entire fund into a single asset.
Keiser notably also predicted that Bitcoin would end 2022 reaching $220,000 per coin. His prediction failed to materialize as the cryptocurrency has so far failed to recover its high near $70,000.
Featured image via Pixabay.
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- Source: https://www.cryptoglobe.com/latest/2023/12/max-keiser-reports-staggering-20000000-gain-on-his-bitcoin-investment-since-2011/
